Atlanta has closed the deal to sell Underground Atlanta to a developer who plans to construct a mixed-use project. The sale will put the property back on the tax roll, end the city’s annual expense of about $8 million, and may quiet some restless members of the Atlanta City Council.
Tag: Development
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Westinghouse cites Plant Vogtle in bankruptcy papers filed today; ratepayers could see hike
The bankruptcy papers Westinghouse filed today in regards to Plant Vogtle names the nuclear plant in Georgia as one of two reasons the company faces a dire financial situation. The other reason is a nuclear power plant in South Carolina.
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Atlanta’s former ‘gold rush’ land to be purchased for Rodney Mims Cook Park
A portion of the Rodney Mims Cook Sr. Park is to be built on land where speculators once drove prices to eye-popping levels – as much as $105,000 for a vacant tract measuring just 7,350 square feet. That’s $14.29 a square foot. In Vine City.
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Rate hikes in three Atlanta office markets among top five in nation, world
Buckhead has often led the region out of recession through the construction of office building – with the labor and materials it consumes. This time, Buckhead is sharing the spotlight with Midtown and suburban markets in price hikes for office space due in part to the lack of office construction, according to a new report from CBRE.
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Turn off unnecessary outdoor lighting to reduce bird deaths: ATL Audubon Society
Participants in Atlanta’s Better Building Challenge have partnered with the Atlanta Audubon Society in an effort to reduce bird deaths and power bills during the spring migration season.
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Housing costs: Best of times, worst of times as rent, mortgages outpace wages
No where has it been more apparent that metro Atlanta is in a, “best of times, worst of times,” moment for housing costs than at last week’s meeting of the Metro Atlanta Housing Forum.
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$2 million in down payment assistance for homebuyers available from new program
Shawn Simmons was nothing but exuberant as he showed off the view of Downtown Atlanta’s skyline from the balcony of a home he bought with help from a non-profit housing provider. “You can see the Westin, the 191, and the Georgia Pacific – that’s where I work!,” Simmons said.
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Pullman Yard: APS supports tree protection, proposed farm and nature center
Editor’s Note: This story has been updated with a comment from the board that oversees the Kirkwood Neighborhood Association. –
Atlanta’s school superintendent is backing an effort to protect a 10-acre stand of trees and the development of an urban farm and nature center at the site of Pullman Yard, the 27-acre site in Kirkwood that the state of Georgia is selling as a likely mixed use development.
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Fulton County leads nation in evictions as corporate landlords race to eject late-payers
Fulton County leads the nation in the rate of home renters who are evicted or put on notice of eviction, according to a new report from the Federal Reserve Bank in Atlanta. A contributing factor is the management practices of corporations and equity funds that bought homes during the Great Recession.
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Atlanta abandoning road to provide land for long-awaited park in Vine City
Atlanta is moving forward with plans to abandon a street in advance of construction of a long-awaited park, to be located near the Mercedes-Benz Stadium, that’s now named the Rodney Cook, Sr. Park at Historic Vine City. A public hearing on the abandonment is set for Tuesday.
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Atlanta’s pop-up design studio moving from Ponce City Market to Cascade Road
In a significant recognition of Southwest Atlanta, the city is moving the office of the Atlanta City Design Studio, headed by Ryan Gravel, to a prominent new development along Cascade Road.
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Atlanta funds $40 million for affordable housing at annual cost of about $2.9 million
Atlanta has approved a $40 million expenditure that aims to preserve the city’s supply of affordable homes by – among other efforts – providing money to lower income residents to repair their decaying homes and continue residing in them.
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Metro Atlanta’s data centers put region at center of discussions over cyber security concerns
As computer hacking becomes a seemingly everyday occurrence, metro Atlanta is at the center of discussions because of its ranking as one of the nation’s major data center and home to one of the world’s largest data centers.
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Tighter coal ash rules stall in Legislature as ash pond near Smyrna is drained
An effort to increase public notice about coal ash issues, and management of coal ash dumps, has stalled in the state Legislature. The proposals are dead for the year, unless advocates can attach them to legislation that is still under consideration.
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As Atlanta grows, let’s make sure we protect our precious trees
For too long, growth in the Atlanta region has translated to the clear-cutting of mature trees – undisputedly one of our greatest natural assets in Georgia.
It happened again in early February.
Several groves of mature oaks and magnolias in front of Piedmont Atlanta Hospital on Peachtree Road were cut down to make way for the new Piedmont Atlanta Hospital Tower.
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Apartment rents above $2.60 a foot highlight effort to promote affordable homes
Rental rates for newly built apartments in Buckhead and Midtown now exceed $2.60 a square foot, and a new report from CBRE says the demand exists to fill the units. Meantime, the report observes gentrification and rising prices are concentrated east of Midtown/Downtown.
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ARC announces nearly $1 million in planning grants to help 11 metro communities
The ongoing effort to shape the redevelopment of Memorial Drive received a shot in the arm from the Atlanta Regional Commission, which provided a grant to fund further studies through its Livable Centers Initiative.
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Source of fire at Pullman Yard revealed as process to sell grinds forward
The pending sale of Pullman Yard has elicited more than interest from developers and politicians. The sales process prompted the state to release a trove of information about the site – including the reason behind a fire that burnt a hole through a roof last summer.
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Newark creating its version of Atlanta BeltLine – after decades of struggle over plan
Newark is the latest city to plan its version of the Atlanta BeltLine. This being New Jersey, the arc toward an alt-transit oriented greenspace flanked by mixed use development traveled some gritty ground.
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Atlanta’s latest incubator fosters new approaches to preserving affordable housing
Atlanta has a long tradition of being open to testing new ideas in urban planning. The latest project – preserving affordable housing – continues the city’s record.
