Written: June 13, 2017

Boston Consulting Group confirms $9.2 million, 200-job Atlanta expansion

Boston Consulting Group (BCG), a global management and consulting firm, will create more than 200 jobs and invest $9.2 million in a new regional support center in Atlanta.

 As part of the expansion, the “Big Three” consulting firm will lease 40,000-square-feet — or two floors — in an undisclosed downtown Atlanta building and create more than 500 jobs over a decade. Construction is expected to begin in June 2017 and to be completed in June 2018

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Atlanta developer Stan Thomas files bankruptcy for Tennessee project

The Atlanta-based owner of half of the massive Ovation development in Cool Springs, Tenn., filed for bankruptcy protection hours before the property was set to be sold at auction.

The May 17 bankruptcy filing had the desired effect, canceling a foreclosure sale that was scheduled for noon today on the steps of the Williamson County Judicial Center in downtown Franklin. It would have been a dramatic twist for a high-profile project more than four years in the making, one that aims to create an urban mixed-use environment in the region’s longtime suburban corporate headquarters hub. Ovation, which will cost more than $1 billion to build, is planned to include up to 1.4 million square feet of office space — including the new headquarters for Mars Petcare U.S. Inc., one of the county’s largest employers — as well as 480,000 square feet of retail, restaurants and entertainment space; 950 residential units; and 450 hotel rooms.

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Nearly 50,000 pack ​Centennial Olympic Park in Atlanta for Shaky Knees Music Festival

Nearly 50,000 Rock music fans packed Centennial Olympic Park for the fifth annual Shaky Knees Music Festival just one week after about 46,000 dance music fans descended on the park for the second annual Shaky Beats Music Festival.

The festival featured headliners The xx, LCD Soundsystem and Phoenix with support from Cage The Elephant, Pixies, The Shins, Nick Murphy, X Ambassadors, Third Eye Blind and Portugal. The Man. In total, more than 60 bands performed on three stages over the course of the three-day rock music festival.

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Rebuilt I-85 bridge to open by Monday morning

The rebuilt Interstate 85 bridge over Piedmont Road will reopen to traffic in time for the morning commute on Monday or even sooner, a full month ahead of the original schedule, Gov. Nathan Deal announced Wednesday.

The bridge collapsed March 30 when a fire broke out in construction materials stored below the bridge. Since then, motorists have been forced to detour around one of the most heavily traveled highways in metro Atlanta.

Originally, state Department of Transportation officials said the bridge couldn’t be rebuilt before mid-June. But the project was fast-tracked to a 24-7 job and chief contractor C.W. Matthews Contracting Co. Inc. was offered up to $3.1 million in incentives to speed up the work, which will allow it to be done in just six weeks.

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Lenox Square cancels July 4th fireworks, partners with Centennial Olympic Park

After 57 years of hosting one of the Southeast’s largest light shows, Buckhead’s Lenox Square has canceled its annual July 4th fireworks celebration, mall owner Simon Property Group said Wednesday.

Instead, it will partner with Centennial Olympic Park to deliver the “best fireworks show in Atlanta,” according to a media release.

“By partnering with Centennial Olympic Park, which is only nine miles away, we can deliver an even better experience for everyone involved and provide much needed operational relief to the city of Atlanta during a very busy holiday,” Robin Suggs, general manager of Lenox Square, said in a statement.

Jennifer LeMaster, chief administrative officer for the Georgia World Congress Center Authority, the state agency that oversees Centennial Olympic Park, said Lenox Square will provide a “generous donation” for the fireworks celebration in downtown.

“We look forward to sharing some of the recent – and ongoing – revitalization efforts in downtown Atlanta and helping them celebrate Independence Day this year in the heart of Atlanta,” LeMaster said.

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Omni acquires full ownership of CNN Center hotel, buys out Time Warner

Hospitality giant Omni Hotels & Resorts said Thursday it has acquired full ownership of downtown’s 1,059-room Omni Atlanta Hotel at CNN Center from Time Warner Inc. (NYSE: TWX), which had a 50 percent stake in the property.

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President Trump to hold fundraiser for 6th District GOP candidate Karen Handel

President Donald Trump is slated to hold a fundraiser on Friday for Republican 6th Congressional District candidate Karen Handel.

Trump will be in Atlanta on Friday, speaking before the NRA’s annual meeting at the Georgia World Congress Center.

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Piedmont Road closes for I-85 bridge repairs

Atlanta braced for another troublesome commute Tuesday as the state closed Piedmont Road to continue repairs to the collapsed I-85 bridge. According to the Georgia DOT, the road will be closed until 9 a.m. Wednesday, so that a series of concrete beams may be moved to the site and set in place.

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Atlanta developer seeks to demolish apartment complex to build townhomes

An Atlanta developer is seeking approval to demolish an apartment complex in Brookhaven, Ga., to build 73 townhomes.

Ardent Companies is seeking a variance for the slightly more than six-acre Park Villa Apartments property at 2069 Coosawattee Drive.

According to documents filed with the city of Brookhaven, the site includes the Park Villa Apartment complex made up of 12 three-story buildings with 92 rental apartments. Coosawattee Drive is at the intersection of North Cliff Valley Way and just north of Buford Highway.

“The apartment complex is occupied, but the 54-year-old facility is functionally obsolete,” states the developer as part of its April 3 letter of intent and variance request to the city.

As part of the variance request, the developer states the current zoning of multi-family residential for the property allows for up to 114 apartments to be built.

The proposed new townhome development would have three-story units, each with a two-car garage.

A hearing on the application is set for May 17.

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Opening of Mercedes-Benz Stadium delayed again to late August

The opening of Mercedes-Benz Stadium has been delayed again. It is now set to open for an Atlanta Falcons pre-season game against Arizona on Aug. 26. The delay comes as questions lingered about whether the stadium’s one-of-a kind retractable roof would open and close as planned for its first games. The stadium most recently was supposed to open for an Atlanta United game on July 30. Early projections had it opening around March.

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