As landlords wait and see which retail tenants will be paying rents, real estate investors are facing their own uncertainty: How to determine a cap rate on a potential shopping center investment if rents are not a guarantee during this pandemic. The coronavirus pandemic has put most potential retail sales on hold, especially as investors […]
A single comma added to a shelter-in-place order made a whole city’s construction industry breathe a sigh of relief. Atlanta Mayor Keisha Lance Bottoms issued a shelter-in-place executive order Monday evening, making Atlanta just one of many cities and states to tell their residents to stay at home. Like most other orders around the country, […]
Just this week, the city of Atlanta enacted a development moratorium in parts of West Atlanta and passed an ordinance that forces apartment owners to accept public assistance vouchers in an effort to combat Atlanta’s mounting affordability crisis. These are some of the first advances that Atlanta politicians have made in the fight against gentrification, […]
The proposed redevelopment of West End’s aging mall into a bustling hub of offices, hotel rooms, and affordable housing that would set a national example for how federal “opportunity zones” could prosper is moving forward, and investors with clout are buying in, according to project leaders. Elevator City Partners, a firm founded by Atlanta Beltline […]
The U.S. Department of Transportation has announced that 55 infrastructure projects across the country have been awarded grants from the federal Better Utilizing Investments to Leverage Development (BUILD) program. The Atlanta Beltline, unfortunately, is not one of them. Beltline officials had hoped the $16 million BUILD grant they applied for earlier this year would help […]
SCAD Atlanta could be planning a major addition to its Midtown campus. The art and design university is proposing a 20-story, mixed-use tower at 1470 Spring Street, according to an agenda from the Midtown Alliance. The project would include 195 residential units (including 973 beds), a dining hall and food market, a roughly 33,000-square-foot auditorium, […]
Atlanta will be 9th major stop for housing veteran Eugene Jones Jr. Eugene Jones Jr., fresh off a stint running housing in Chicago, will become the new president and chief executive officer of the Atlanta Housing Authority. The board voted Tuesday to appoint Jones, who is expected to start on Oct. 7. He replaces interim […]
The group that runs the Atlanta Beltline has named two new top executives. Atlanta BeltLine Inc. named Aasia Mustakeem general counsel and Ruben Brooks chief operating officer. Mustakeem will work closely with the Chief Executive Officer and executive team “providing senior level leadership, innovation, and focus to advance ABl’s goals and initiatives,” the organization said […]
The highly anticipated connection between the Beltline’s popular Eastside and Westside trails is showing more signs of promise by the day, as project officials unveil new details about a 4.5-mile section that could link Atlanta’s southside together like never before. As with other Beltline sections, the Southside Trail will need to be phased out, due […]
It’s a drizzly afternoon at a place most Atlantans have never been: an elevated, abandoned railroad corridor directly west of Bank of America Plaza, the city’s tallest building. Given the corridor’s narrow width, height above neighborhood streets, and skyline views across rooftops and graffiti-strewn warehouses, it feels a bit like New York City’s High Line, […]