As World Cup looms, another downtown hotel project moves forward
As World Cup looms, another downtown hotel project moves forward
As World Cup looms, another downtown hotel project moves forward
Josh Green
Fri, 12/13/2024 – 16:35
Downtown Atlanta’s flurry of high-rise hotel construction in advance of the 2026 FIFA World Cup shows few signs of slowing down.
Developers filed for permits this week to start building a Residence Inn By Marriott on a vacant downtown corner near several marquee attractions where a hotel has been envisioned for more than five years.
Filings with the City of Atlanta’s Department of City Planning mark the first permitting activity for the 355 Centennial Olympic Park Drive site since early 2023.
The project, which would overlook Centennial Olympic Park, came to market in August as a package deal for the land and permitted hotel plans, asking $14.5 million. The current project owner is listed in city records as Soneri Investment Group, a boutique, private real estate investment firm based in Texas.
Located diagonal from downtown’s signature park, the .8-acre site is a former gravel parking lot that’s been fenced-off and used sparingly for several years. Plans approved by the City of Atlanta call for the 14-story building to include 188 rooms, with guests housed on the top nine floors.
Plans for the 14-story structure with a restaurant at its base where Centennial Olympic Park Drive meets Ivan Allen Jr. Boulevard. Niles Bolton Associates
The .8-acre Centennial Olympic Park Boulevard site in relation to the Georgia Aquarium and National Center for Civil and Human Rights, at bottom left. Marcus & Millichap
The location is a mile from Mercedes-Benz Stadium, where World Cup matches will be played, and many of its hotel rooms would overlook the Georgia Aquarium, National Center for Civil and Human Rights, World of Coca-Cola, and other downtown draws.
The Residence Inn’s bottom five stories would be used for 129 parking spaces and electric-vehicle charging stations, all wrapped in a perforated screen, according to Niles Bolton Associates, the Atlanta-based architecture firm behind interior, exterior, and landscape designs. Other aspects would include a third-party bar and restaurant space at street level, a pool deck over Ivan Allen Jr. Boulevard, and a terrace with views across Centennial Olympic Park.
High End Investments, a Houston-based developer, applied for building permits with the city in early 2023 for the Residence Inn but apparently backed away from developing it. It would have marked the company’s first project in Atlanta.
High End paid $3.8 million for the parcel, which had traded for $10.5 million in pre-recession 2008, according to Fulton County property records. A 10-story Candlewood Suites was once briefly floated for the same corner site, but the COVID-19 pandemic squashed those plans.
Located diagonal from the park’s north end, near Georgia Aquarium, the hotel building would stand three stories shorter than the 17-story, 336-unit Generation Atlanta apartments next door, which finished construction in summer 2020.
According to Niles Bolton’s project description, designs for the Residence Inn are meant to strike “a balance between playfulness and sophistication,” with “décor [that] is crisp and modern, emphasizing earth tones and natural textures and materials like stone, concrete, and hardwood.”
Where the 188-key hotel’s pool amenities would be placed over Ivan Allen Jr. Boulevard. Niles Bolton Associates
Proposed stance at the corner of Centennial Olympic Park Drive and Ivan Allen Jr. Boulevard, per the latest drawings. Niles Bolton Associates; via Marcus & Millichap
The Residence Inn, should it move forward as planned, would join several hospitality ventures recently delivered or in the works near downtown’s signature park.
The 22-story Margaritaville resort condo building by Wyndham Destinations, also fronting Centennial Olympic Park Drive, opened in 2022 with 200 suites and two floors of retail near SkyView Atlanta. The Signia by Hilton project delivered almost 1,000 hotel rooms earlier this year, and Centennial Yards expects to finish its 229-room Anthem hotel sometime in 2025. Also near the Georgia Aquarium, the Moxy Centennial Olympic Park project—a 10-story, 183-room property—is scheduled open in the second quarter of 2026. It’s fully under construction now along Marietta Street.
Find more Residence Inn site context and the latest available images in the gallery above.
Marcus & Millichap
…
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Twitter / Facebook/and now: Instagram
• Downtown news, discussion (Urbanize Atlanta)
Plans for the 14-story structure with a restaurant at its base where Centennial Olympic Park Drive meets Ivan Allen Jr. Boulevard. Niles Bolton Associates
Where the 188-key hotel’s pool amenities would be placed over Ivan Allen Jr. Boulevard. Niles Bolton Associates
The .8-acre Centennial Olympic Park Boulevard site in relation to the Georgia Aquarium and National Center for Civil and Human Rights, at bottom left. Marcus & Millichap
Marcus & Millichap
How the project would meet the corner of Centennial Olympic Park Drive and Ivan Allen Jr. Boulevard.Niles Bolton Associates; via Marcus & Millichap
Proposed stance at the corner of Centennial Olympic Park Drive and Ivan Allen Jr. Boulevard, per the latest drawings. Niles Bolton Associates; via Marcus & Millichap
Marcus & Millichap
As World Cup looms, another downtown hotel project moves forward
Josh Green
Fri, 12/13/2024 – 16:35
Downtown Atlanta’s flurry of high-rise hotel construction in advance of the 2026 FIFA World Cup shows few signs of slowing down.
Developers filed for permits this week to start building a Residence Inn By Marriott on a vacant downtown corner near several marquee attractions where a hotel has been envisioned for more than five years.
Filings with the City of Atlanta’s Department of City Planning mark the first permitting activity for the 355 Centennial Olympic Park Drive site since early 2023.
The project, which would overlook Centennial Olympic Park, came to market in August as a package deal for the land and permitted hotel plans, asking $14.5 million. The current project owner is listed in city records as Soneri Investment Group, a boutique, private real estate investment firm based in Texas.
Located diagonal from downtown’s signature park, the .8-acre site is a former gravel parking lot that’s been fenced-off and used sparingly for several years. Plans approved by the City of Atlanta call for the 14-story building to include 188 rooms, with guests housed on the top nine floors.
Plans for the 14-story structure with a restaurant at its base where Centennial Olympic Park Drive meets Ivan Allen Jr. Boulevard. Niles Bolton Associates
The .8-acre Centennial Olympic Park Boulevard site in relation to the Georgia Aquarium and National Center for Civil and Human Rights, at bottom left. Marcus & Millichap
The location is a mile from Mercedes-Benz Stadium, where World Cup matches will be played, and many of its hotel rooms would overlook the Georgia Aquarium, National Center for Civil and Human Rights, World of Coca-Cola, and other downtown draws.
The Residence Inn’s bottom five stories would be used for 129 parking spaces and electric-vehicle charging stations, all wrapped in a perforated screen, according to Niles Bolton Associates, the Atlanta-based architecture firm behind interior, exterior, and landscape designs. Other aspects would include a third-party bar and restaurant space at street level, a pool deck over Ivan Allen Jr. Boulevard, and a terrace with views across Centennial Olympic Park.
High End Investments, a Houston-based developer, applied for building permits with the city in early 2023 for the Residence Inn but apparently backed away from developing it. It would have marked the company’s first project in Atlanta.
High End paid $3.8 million for the parcel, which had traded for $10.5 million in pre-recession 2008, according to Fulton County property records. A 10-story Candlewood Suites was once briefly floated for the same corner site, but the COVID-19 pandemic squashed those plans.
Located diagonal from the park’s north end, near Georgia Aquarium, the hotel building would stand three stories shorter than the 17-story, 336-unit Generation Atlanta apartments next door, which finished construction in summer 2020.
According to Niles Bolton’s project description, designs for the Residence Inn are meant to strike “a balance between playfulness and sophistication,” with “décor [that] is crisp and modern, emphasizing earth tones and natural textures and materials like stone, concrete, and hardwood.”
Where the 188-key hotel’s pool amenities would be placed over Ivan Allen Jr. Boulevard. Niles Bolton Associates
Proposed stance at the corner of Centennial Olympic Park Drive and Ivan Allen Jr. Boulevard, per the latest drawings. Niles Bolton Associates; via Marcus & Millichap
The Residence Inn, should it move forward as planned, would join several hospitality ventures recently delivered or in the works near downtown’s signature park.
The 22-story Margaritaville resort condo building by Wyndham Destinations, also fronting Centennial Olympic Park Drive, opened in 2022 with 200 suites and two floors of retail near SkyView Atlanta. The Signia by Hilton project delivered almost 1,000 hotel rooms earlier this year, and Centennial Yards expects to finish its 229-room Anthem hotel sometime in 2025. Also near the Georgia Aquarium, the Moxy Centennial Olympic Park project—a 10-story, 183-room property—is scheduled open in the second quarter of 2026. It’s fully under construction now along Marietta Street.
Find more Residence Inn site context and the latest available images in the gallery above.
Marcus & Millichap
…
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Twitter / Facebook/and now: Instagram
• Downtown news, discussion (Urbanize Atlanta)
Tags
355 Centennial Olympic Park Drive NW
Residence Inn by Marriott
Niles Bolton Associates
Generation Atlanta
Kaplan Residential
Hardam Hotels
Teachers Village
Atlanta Hotels
Centennial Olympic Park
Georgia Aquarium
Atlanta Development
Downtown Development
High End Investment
RIBM
Marcus & Millichap
Images
Plans for the 14-story structure with a restaurant at its base where Centennial Olympic Park Drive meets Ivan Allen Jr. Boulevard. Niles Bolton Associates
Where the 188-key hotel’s pool amenities would be placed over Ivan Allen Jr. Boulevard. Niles Bolton Associates
The .8-acre Centennial Olympic Park Boulevard site in relation to the Georgia Aquarium and National Center for Civil and Human Rights, at bottom left. Marcus & Millichap
Marcus & Millichap
How the project would meet the corner of Centennial Olympic Park Drive and Ivan Allen Jr. Boulevard.Niles Bolton Associates; via Marcus & Millichap
Proposed stance at the corner of Centennial Olympic Park Drive and Ivan Allen Jr. Boulevard, per the latest drawings. Niles Bolton Associates; via Marcus & Millichap
Marcus & Millichap
Subtitle
Residence Inn by Marriott files construction plans for vacant corner near Centennial Olympic Park
Neighborhood
Downtown
Background Image
Image
Associated Project
Residence Inn by Marriott – Centennial Park
Before/After Images
Sponsored Post
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As World Cup looms, another downtown hotel project moves forward
Josh Green
Fri, 12/13/2024 – 16:35
Downtown Atlanta’s flurry of high-rise hotel construction in advance of the 2026 FIFA World Cup shows few signs of slowing down.
Developers filed for permits this week to start building a Residence Inn By Marriott on a vacant downtown corner near several marquee attractions where a hotel has been envisioned for more than five years.
Filings with the City of Atlanta’s Department of City Planning mark the first permitting activity for the 355 Centennial Olympic Park Drive site since early 2023.
The project, which would overlook Centennial Olympic Park, came to market in August as a package deal for the land and permitted hotel plans, asking $14.5 million. The current project owner is listed in city records as Soneri Investment Group, a boutique, private real estate investment firm based in Texas.
Located diagonal from downtown’s signature park, the .8-acre site is a former gravel parking lot that’s been fenced-off and used sparingly for several years. Plans approved by the City of Atlanta call for the 14-story building to include 188 rooms, with guests housed on the top nine floors.
Plans for the 14-story structure with a restaurant at its base where Centennial Olympic Park Drive meets Ivan Allen Jr. Boulevard. Niles Bolton Associates
The .8-acre Centennial Olympic Park Boulevard site in relation to the Georgia Aquarium and National Center for Civil and Human Rights, at bottom left. Marcus & Millichap
The location is a mile from Mercedes-Benz Stadium, where World Cup matches will be played, and many of its hotel rooms would overlook the Georgia Aquarium, National Center for Civil and Human Rights, World of Coca-Cola, and other downtown draws.
The Residence Inn’s bottom five stories would be used for 129 parking spaces and electric-vehicle charging stations, all wrapped in a perforated screen, according to Niles Bolton Associates, the Atlanta-based architecture firm behind interior, exterior, and landscape designs. Other aspects would include a third-party bar and restaurant space at street level, a pool deck over Ivan Allen Jr. Boulevard, and a terrace with views across Centennial Olympic Park.
High End Investments, a Houston-based developer, applied for building permits with the city in early 2023 for the Residence Inn but apparently backed away from developing it. It would have marked the company’s first project in Atlanta.
High End paid $3.8 million for the parcel, which had traded for $10.5 million in pre-recession 2008, according to Fulton County property records. A 10-story Candlewood Suites was once briefly floated for the same corner site, but the COVID-19 pandemic squashed those plans.
Located diagonal from the park’s north end, near Georgia Aquarium, the hotel building would stand three stories shorter than the 17-story, 336-unit Generation Atlanta apartments next door, which finished construction in summer 2020.
According to Niles Bolton’s project description, designs for the Residence Inn are meant to strike “a balance between playfulness and sophistication,” with “décor [that] is crisp and modern, emphasizing earth tones and natural textures and materials like stone, concrete, and hardwood.”
Where the 188-key hotel’s pool amenities would be placed over Ivan Allen Jr. Boulevard. Niles Bolton Associates
Proposed stance at the corner of Centennial Olympic Park Drive and Ivan Allen Jr. Boulevard, per the latest drawings. Niles Bolton Associates; via Marcus & Millichap
The Residence Inn, should it move forward as planned, would join several hospitality ventures recently delivered or in the works near downtown’s signature park.
The 22-story Margaritaville resort condo building by Wyndham Destinations, also fronting Centennial Olympic Park Drive, opened in 2022 with 200 suites and two floors of retail near SkyView Atlanta. The Signia by Hilton project delivered almost 1,000 hotel rooms earlier this year, and Centennial Yards expects to finish its 229-room Anthem hotel sometime in 2025. Also near the Georgia Aquarium, the Moxy Centennial Olympic Park project—a 10-story, 183-room property—is scheduled open in the second quarter of 2026. It’s fully under construction now along Marietta Street.
Find more Residence Inn site context and the latest available images in the gallery above.
Marcus & Millichap
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Downtown news, discussion (Urbanize Atlanta)
Tags
355 Centennial Olympic Park Drive NW
Residence Inn by Marriott
Niles Bolton Associates
Generation Atlanta
Kaplan Residential
Hardam Hotels
Teachers Village
Atlanta Hotels
Centennial Olympic Park
Georgia Aquarium
Atlanta Development
Downtown Development
High End Investment
RIBM
Marcus & Millichap
Images
Plans for the 14-story structure with a restaurant at its base where Centennial Olympic Park Drive meets Ivan Allen Jr. Boulevard. Niles Bolton Associates
Where the 188-key hotel’s pool amenities would be placed over Ivan Allen Jr. Boulevard. Niles Bolton Associates
The .8-acre Centennial Olympic Park Boulevard site in relation to the Georgia Aquarium and National Center for Civil and Human Rights, at bottom left. Marcus & Millichap
Marcus & Millichap
How the project would meet the corner of Centennial Olympic Park Drive and Ivan Allen Jr. Boulevard.Niles Bolton Associates; via Marcus & Millichap
Proposed stance at the corner of Centennial Olympic Park Drive and Ivan Allen Jr. Boulevard, per the latest drawings. Niles Bolton Associates; via Marcus & Millichap
Marcus & Millichap
Subtitle
Residence Inn by Marriott files construction plans for vacant corner near Centennial Olympic Park
Neighborhood
Downtown
Background Image
Image
Associated Project
Residence Inn by Marriott – Centennial Park
Before/After Images
Sponsored Post
Off
Bracket set to officially decide Best Atlanta Neighborhood of 2024
Bracket set to officially decide Best Atlanta Neighborhood of 2024
Bracket set to officially decide Best Atlanta Neighborhood of 2024
Josh Green
Fri, 12/13/2024 – 14:59
The people have spoken, the stakes are enormous, and Urbanize’s fourth-annual Best Atlanta Neighborhood tourney is set to begin!
As part of our efforts to spotlight the latest and greatest of Atlanta’s built environment, the time has come to start the most important quest of all: Crowning the city’s top neighborhood of the year, as determined by whatever criteria you see fit.
To come up with Best Atlanta Neighborhood 2024 seeding, we asked for neighborhood nominations over the past week on the homepage, Twitter, Facebook, and now Instagram (where exactly zero nominations were cast). ITP cities, as always, were allowed in the tourney.
Midtown takes pole position in 2024 with the most nominations of any neighborhood, followed by Inman Park, another heavyweight in Old Fourth Ward, East Atlanta, and so forth. Interestingly, all of this year’s top four (except Midtown) are past champions, which could hint at another repeat victory (a feat achieved only by West End) in the works.
Last year’s champion and current Golden Urby Chalice of Champions holder, Hapeville, didn’t garner enough nominations for the 2024 contest. (In fact, zero nods for H-ville). Ditto for 2021’s winner, Mozley Park, and 2022’s, Avondale Estates. So that means there’s plenty of room for fresh blood this year. (Unlike last year, thankfully, “Dildoville,” The Bluff, and “Anywhere But Kirkwood” were not nominated.)
So this is your Sweet 16. Get your neighborhood pride ready, ATL. The first round of competitions begins next week!
Any predictions?
…
The hallowed pantheon of Best Atlanta Neighborhood tournament winners:
2011: Inman Park
2012: Old Fourth Ward
2013: Kirkwood
2014: Reynoldstown
2015: West End
2016: East Atlanta
2017: West End (again)
2018-2020: (forced hiatus)
2021: Mozley Park
2022: Avondale Estates
2023: Hapeville
2024: TBD
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• All hail Hapeville, your 2023 tournament champion! (Urbanize Atlanta)
Bracket set to officially decide Best Atlanta Neighborhood of 2024
Josh Green
Fri, 12/13/2024 – 14:59
The people have spoken, the stakes are enormous, and Urbanize’s fourth-annual Best Atlanta Neighborhood tourney is set to begin!
As part of our efforts to spotlight the latest and greatest of Atlanta’s built environment, the time has come to start the most important quest of all: Crowning the city’s top neighborhood of the year, as determined by whatever criteria you see fit.
To come up with Best Atlanta Neighborhood 2024 seeding, we asked for neighborhood nominations over the past week on the homepage, Twitter, Facebook, and now Instagram (where exactly zero nominations were cast). ITP cities, as always, were allowed in the tourney.
Midtown takes pole position in 2024 with the most nominations of any neighborhood, followed by Inman Park, another heavyweight in Old Fourth Ward, East Atlanta, and so forth. Interestingly, all of this year’s top four (except Midtown) are past champions, which could hint at another repeat victory (a feat achieved only by West End) in the works.
Last year’s champion and current Golden Urby Chalice of Champions holder, Hapeville, didn’t garner enough nominations for the 2024 contest. (In fact, zero nods for H-ville). Ditto for 2021’s winner, Mozley Park, and 2022’s, Avondale Estates. So that means there’s plenty of room for fresh blood this year. (Unlike last year, thankfully, “Dildoville,” The Bluff, and “Anywhere But Kirkwood” were not nominated.)
So this is your Sweet 16. Get your neighborhood pride ready, ATL. The first round of competitions begins next week!
Any predictions?
…
The hallowed pantheon of Best Atlanta Neighborhood tournament winners:
2011: Inman Park
2012: Old Fourth Ward
2013: Kirkwood
2014: Reynoldstown
2015: West End
2016: East Atlanta
2017: West End (again)
2018-2020: (forced hiatus)
2021: Mozley Park
2022: Avondale Estates
2023: Hapeville
2024: TBD
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• All hail Hapeville, your 2023 tournament champion! (Urbanize Atlanta)
Tags
Best of Atlanta 2024
Best Atlanta Neighborhood
Best Atlanta Neighborhoods
Neighborhood Tournament
Mozley Park
Summerhill
Avondale Estates
Hapeville
Golden Urby Chalice of Champions
Candler Park
Buckhead
East Atlanta
Midtown
Downtown
Downtown Atlanta
Old Fourth Ward
West End
Adair Park
Decatur
Virginia-Highland
Cabbagetown
College Park
Lake Claire
Ponce-Highland
Images
Subtitle
The people have spoken. Ladies and gentlemen of ATL, meet your 16 tournament contestants!
Background Image
Image
Before/After Images
Sponsored Post
Off Read More
Bracket set to officially decide Best Atlanta Neighborhood of 2024
Josh Green
Fri, 12/13/2024 – 14:59
The people have spoken, the stakes are enormous, and Urbanize’s fourth-annual Best Atlanta Neighborhood tourney is set to begin!
As part of our efforts to spotlight the latest and greatest of Atlanta’s built environment, the time has come to start the most important quest of all: Crowning the city’s top neighborhood of the year, as determined by whatever criteria you see fit.
To come up with Best Atlanta Neighborhood 2024 seeding, we asked for neighborhood nominations over the past week on the homepage, Twitter, Facebook, and now Instagram (where exactly zero nominations were cast). ITP cities, as always, were allowed in the tourney.
Midtown takes pole position in 2024 with the most nominations of any neighborhood, followed by Inman Park, another heavyweight in Old Fourth Ward, East Atlanta, and so forth. Interestingly, all of this year’s top four (except Midtown) are past champions, which could hint at another repeat victory (a feat achieved only by West End) in the works.
Last year’s champion and current Golden Urby Chalice of Champions holder, Hapeville, didn’t garner enough nominations for the 2024 contest. (In fact, zero nods for H-ville). Ditto for 2021’s winner, Mozley Park, and 2022’s, Avondale Estates. So that means there’s plenty of room for fresh blood this year. (Unlike last year, thankfully, “Dildoville,” The Bluff, and “Anywhere But Kirkwood” were not nominated.)
So this is your Sweet 16. Get your neighborhood pride ready, ATL. The first round of competitions begins next week!
Any predictions?
…
The hallowed pantheon of Best Atlanta Neighborhood tournament winners:
2011: Inman Park
2012: Old Fourth Ward
2013: Kirkwood
2014: Reynoldstown
2015: West End
2016: East Atlanta
2017: West End (again)
2018-2020: (forced hiatus)
2021: Mozley Park
2022: Avondale Estates
2023: Hapeville
2024: TBD
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• All hail Hapeville, your 2023 tournament champion! (Urbanize Atlanta)
Tags
Best of Atlanta 2024
Best Atlanta Neighborhood
Best Atlanta Neighborhoods
Neighborhood Tournament
Mozley Park
Summerhill
Avondale Estates
Hapeville
Golden Urby Chalice of Champions
Candler Park
Buckhead
East Atlanta
Midtown
Downtown
Downtown Atlanta
Old Fourth Ward
West End
Adair Park
Decatur
Virginia-Highland
Cabbagetown
College Park
Lake Claire
Ponce-Highland
Images
Subtitle
The people have spoken. Ladies and gentlemen of ATL, meet your 16 tournament contestants!
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Before/After Images
Sponsored Post
Off
North Carolina apartment developer Aventon opens Atlanta office, plans more Georgia projects
North Carolina apartment developer Aventon opens Atlanta office, plans more Georgia projects
A North Carolina-based apartment developer is expanding in Georgia thanks to the state’s population growth and economic development.
A North Carolina-based apartment developer is expanding in Georgia thanks to the state’s population growth and economic development. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
A North Carolina-based apartment developer is expanding in Georgia thanks to the state’s population growth and economic development.
North Carolina apartment developer Aventon opens Atlanta office, plans more Georgia projects
North Carolina apartment developer Aventon opens Atlanta office, plans more Georgia projects
A North Carolina-based apartment developer is expanding in Georgia thanks to the state’s population growth and economic development.
A North Carolina-based apartment developer is expanding in Georgia thanks to the state’s population growth and economic development. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
A North Carolina-based apartment developer is expanding in Georgia thanks to the state’s population growth and economic development.
Fast Growing NC Town Greenlights Transformative Rezoning
Fast Growing NC Town Greenlights Transformative Rezoning
Fuquay-Varina had 18,000 people in 2010. Now it’s near 40,000, and town leaders are moving fast to accommodate the growth. A rezoning was for nine parcels totaling 87.98 acres that went from residential agriculture to commercial mixed-use.
A development, to be called Vaughan Park, will include a medical building, two multifamily buildings, six commercial buildings and six mixed-use buildings. The multifamily projects will consist of 742 units. DR Horton is the lead developer. In addition to the commercial component, the company will also build hundreds of homes.
The project will be divided into two distinct developments, each with its own unique features. Amenities for the west side will include a swimming pool, a promenade with public art, two playgrounds and a greenway around the wetlands and ponds.
The east side’s amenities include a swimming pool, clubhouse, a playground, food truck area with shelter and a dog park.
The post Fast Growing NC Town Greenlights Transformative Rezoning appeared first on Connect CRE.
Fuquay-Varina had 18,000 people in 2010. Now it’s near 40,000, and town leaders are moving fast to accommodate the growth. A rezoning was for nine parcels totaling 87.98 acres that went from residential agriculture to commercial mixed-use. A development, to be called Vaughan Park, will include a medical building, two multifamily buildings, six commercial buildings …
The post Fast Growing NC Town Greenlights Transformative Rezoning appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
Fuquay-Varina had 18,000 people in 2010. Now it’s near 40,000, and town leaders are moving fast to accommodate the growth. A rezoning was for nine parcels totaling 87.98 acres that went from residential agriculture to commercial mixed-use. A development, to be called Vaughan Park, will include a medical building, two multifamily buildings, six commercial buildings …
The post Fast Growing NC Town Greenlights Transformative Rezoning appeared first on Connect CRE.
The National Observer: Real Estate: 2025 rental market could closely resemble this year’s
The National Observer: Real Estate: 2025 rental market could closely resemble this year’s
While rental-housing supply could still outstrip demand, the gap between the metrics is expected to narrow in 2025 after significant inventory finished construction this year.
While rental-housing supply could still outstrip demand, the gap between the metrics is expected to narrow in 2025 after significant inventory finished construction this year. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
While rental-housing supply could still outstrip demand, the gap between the metrics is expected to narrow in 2025 after significant inventory finished construction this year.
The National Observer: Real Estate: 2025 rental market could closely resemble this year’s
The National Observer: Real Estate: 2025 rental market could closely resemble this year’s
While rental-housing supply could still outstrip demand, the gap between the metrics is expected to narrow in 2025 after significant inventory finished construction this year.
While rental-housing supply could still outstrip demand, the gap between the metrics is expected to narrow in 2025 after significant inventory finished construction this year. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
While rental-housing supply could still outstrip demand, the gap between the metrics is expected to narrow in 2025 after significant inventory finished construction this year.
Builder: OTP modern ‘dream homes’ from $190K beckon first-time buyers
Builder: OTP modern ‘dream homes’ from $190K beckon first-time buyers
Builder: OTP modern ‘dream homes’ from $190K beckon first-time buyers
Josh Green
Fri, 12/13/2024 – 08:05
South of Atlanta, an interesting residential experiment is afoot that combines modern design, dirt-cheap land, and proximity to the growing downtown of what homebuilders call a “hidden gem” and one of Georgia’s “most promising, up-and-coming cities.”
A group of partners with a new company called Griffin Modern has completed the first space-conscious, contemporary “dream home” of many planned in blocks near historic downtown Griffin.
Working with the Griffin/Spalding County Landbank, off-market sellers, and other landholders, the homebuilders have been buying abundant, vacant lots priced at less than $10,000—many of them far cheaper, often less than an unthinkable $1,500—within a 10-minute walk of downtown’s restaurants and shops.
According to Dennis Tidwell, a Griffin Modern partner, the idea is to pass savings to homebuyers—especially first-time buyers—who’ve been priced out of homeownership in other metro cities but still covet designs that buck cookie-cutter traditionalism. (Think: bold exteriors, glass balcony railings, floating staircases, oversized windows, and body-spray panels in frameless showers, et cetera).
The company recently finished its model home, the two-story Aura Plan, on Quilly Street. It sold for $275,000, which bought two bedrooms and two and ½ bathrooms in 1,204 square feet, with off-street parking in front and a patio behind.
Tidwell says Griffin Modern’s goal is to keep all homes attainable for buyers earning 100 percent of the area median income, or AMI.
“Having lots below $10,000 within a 10-minute walk to a vibrant downtown is unheard of,” says Tidwell, who also heads Atlanta-based Rockethouse Design+Build, the company behind an ADU finished near Atlantic Station last year. “This secret will not last long.”
Calebe Souza Araujo
The first complete Griffin Modern home counts two bedrooms and two and 1/2 bathrooms in 1,204 square feet for $275,000. Calebe Souza Araujo
As the county seat of Spalding County and home to roughly 24,000 residents, Griffin is located west of Interstate 75, about 40 miles from downtown Atlanta, or roughly the same distance as downtown Buford. Griffin’s open-container downtown counts local spots like Safehouse Coffee Roasters, Lola Cigars, Bunjee’s Comics, and Piedmont Brewery, with Atlanta’s Fire Maker Brewing Company set to open a taproom in 2025.
Two more Griffin Modern homes are under construction near the model now.
Prices for current floorplans range from $190,000 (the two-bedroom Jones Plan, with a bathroom and ½ in 1,184 square feet) up to the deluxe offering at $365,000 (the three-bedroom Atlantis plan, with three and ½ bathrooms in 1,654 square feet).
Calebe Souza Araujo
Calebe Souza Araujo
According to Tidwell, each Griffin Modern product is considered affordable by FHA standards, and first-time homebuyers can qualify for $12,000 grants for down payments. For the Aura plan, that means a mortgage with no money down and all-inclusive monthly payments around $1,800 is possible, per Tidwell.
The Griffin homebuilding initiative “is transforming the local housing market by designing entry-level homes packed with modern features that were once thought impossible for first-time buyers,” reads the company spiel. “This home is not just a place to live—it’s a vision of the future.”
Swing up to the gallery for more context and a closer look at Griffin Modern’s first finished dwelling.
Contributed photo
Proximity of the first Griffin Modern project on Quilly Street to the city’s historic downtown south of Atlanta. Google Maps
…
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• OTP news, discussion (Urbanize Atlanta)
Proximity of the first Griffin Modern project on Quilly Street to the city’s historic downtown south of Atlanta. Google Maps
The first complete Griffin Modern home counts two bedrooms and two and 1/2 bathrooms in 1,204 square feet for $275,000. Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Contributed photo
Contributed photo
Contributed photo
Contributed photo
Contributed photo
Contributed photo
Contributed photo
Contributed photo
Contributed photo
Downtown Griffin in relation to metro Atlanta’s southside. Google Maps
Downtown Griffin today. Contributed photo
Builder: OTP modern ‘dream homes’ from $190K beckon first-time buyers
Josh Green
Fri, 12/13/2024 – 08:05
South of Atlanta, an interesting residential experiment is afoot that combines modern design, dirt-cheap land, and proximity to the growing downtown of what homebuilders call a “hidden gem” and one of Georgia’s “most promising, up-and-coming cities.”
A group of partners with a new company called Griffin Modern has completed the first space-conscious, contemporary “dream home” of many planned in blocks near historic downtown Griffin.
Working with the Griffin/Spalding County Landbank, off-market sellers, and other landholders, the homebuilders have been buying abundant, vacant lots priced at less than $10,000—many of them far cheaper, often less than an unthinkable $1,500—within a 10-minute walk of downtown’s restaurants and shops.
According to Dennis Tidwell, a Griffin Modern partner, the idea is to pass savings to homebuyers—especially first-time buyers—who’ve been priced out of homeownership in other metro cities but still covet designs that buck cookie-cutter traditionalism. (Think: bold exteriors, glass balcony railings, floating staircases, oversized windows, and body-spray panels in frameless showers, et cetera).
The company recently finished its model home, the two-story Aura Plan, on Quilly Street. It sold for $275,000, which bought two bedrooms and two and ½ bathrooms in 1,204 square feet, with off-street parking in front and a patio behind.
Tidwell says Griffin Modern’s goal is to keep all homes attainable for buyers earning 100 percent of the area median income, or AMI.
“Having lots below $10,000 within a 10-minute walk to a vibrant downtown is unheard of,” says Tidwell, who also heads Atlanta-based Rockethouse Design+Build, the company behind an ADU finished near Atlantic Station last year. “This secret will not last long.”
Calebe Souza Araujo
The first complete Griffin Modern home counts two bedrooms and two and 1/2 bathrooms in 1,204 square feet for $275,000. Calebe Souza Araujo
As the county seat of Spalding County and home to roughly 24,000 residents, Griffin is located west of Interstate 75, about 40 miles from downtown Atlanta, or roughly the same distance as downtown Buford. Griffin’s open-container downtown counts local spots like Safehouse Coffee Roasters, Lola Cigars, Bunjee’s Comics, and Piedmont Brewery, with Atlanta’s Fire Maker Brewing Company set to open a taproom in 2025.
Two more Griffin Modern homes are under construction near the model now.
Prices for current floorplans range from $190,000 (the two-bedroom Jones Plan, with a bathroom and ½ in 1,184 square feet) up to the deluxe offering at $365,000 (the three-bedroom Atlantis plan, with three and ½ bathrooms in 1,654 square feet).
Calebe Souza Araujo
Calebe Souza Araujo
According to Tidwell, each Griffin Modern product is considered affordable by FHA standards, and first-time homebuyers can qualify for $12,000 grants for down payments. For the Aura plan, that means a mortgage with no money down and all-inclusive monthly payments around $1,800 is possible, per Tidwell.
The Griffin homebuilding initiative “is transforming the local housing market by designing entry-level homes packed with modern features that were once thought impossible for first-time buyers,” reads the company spiel. “This home is not just a place to live—it’s a vision of the future.”
Swing up to the gallery for more context and a closer look at Griffin Modern’s first finished dwelling.
Contributed photo
Proximity of the first Griffin Modern project on Quilly Street to the city’s historic downtown south of Atlanta. Google Maps
…
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• OTP news, discussion (Urbanize Atlanta)
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316 E. Quilly St
233 E. Tinsley St.
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modern design
Modern Homes
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Images
Proximity of the first Griffin Modern project on Quilly Street to the city’s historic downtown south of Atlanta. Google Maps
The first complete Griffin Modern home counts two bedrooms and two and 1/2 bathrooms in 1,204 square feet for $275,000. Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Contributed photo
Contributed photo
Contributed photo
Contributed photo
Contributed photo
Contributed photo
Contributed photo
Contributed photo
Contributed photo
Downtown Griffin in relation to metro Atlanta’s southside. Google Maps
Downtown Griffin today. Contributed photo
Subtitle
Lots for $10K (or less) keep home prices relatively low near Griffin’s lively downtown, sellers report
Neighborhood
OTP
Background Image
Image
Before/After Images
Sponsored Post
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Builder: OTP modern ‘dream homes’ from $190K beckon first-time buyers
Josh Green
Fri, 12/13/2024 – 08:05
South of Atlanta, an interesting residential experiment is afoot that combines modern design, dirt-cheap land, and proximity to the growing downtown of what homebuilders call a “hidden gem” and one of Georgia’s “most promising, up-and-coming cities.”
A group of partners with a new company called Griffin Modern has completed the first space-conscious, contemporary “dream home” of many planned in blocks near historic downtown Griffin.
Working with the Griffin/Spalding County Landbank, off-market sellers, and other landholders, the homebuilders have been buying abundant, vacant lots priced at less than $10,000—many of them far cheaper, often less than an unthinkable $1,500—within a 10-minute walk of downtown’s restaurants and shops.
According to Dennis Tidwell, a Griffin Modern partner, the idea is to pass savings to homebuyers—especially first-time buyers—who’ve been priced out of homeownership in other metro cities but still covet designs that buck cookie-cutter traditionalism. (Think: bold exteriors, glass balcony railings, floating staircases, oversized windows, and body-spray panels in frameless showers, et cetera).
The company recently finished its model home, the two-story Aura Plan, on Quilly Street. It sold for $275,000, which bought two bedrooms and two and ½ bathrooms in 1,204 square feet, with off-street parking in front and a patio behind.
Tidwell says Griffin Modern’s goal is to keep all homes attainable for buyers earning 100 percent of the area median income, or AMI.
“Having lots below $10,000 within a 10-minute walk to a vibrant downtown is unheard of,” says Tidwell, who also heads Atlanta-based Rockethouse Design+Build, the company behind an ADU finished near Atlantic Station last year. “This secret will not last long.”
Calebe Souza Araujo
The first complete Griffin Modern home counts two bedrooms and two and 1/2 bathrooms in 1,204 square feet for $275,000. Calebe Souza Araujo
As the county seat of Spalding County and home to roughly 24,000 residents, Griffin is located west of Interstate 75, about 40 miles from downtown Atlanta, or roughly the same distance as downtown Buford. Griffin’s open-container downtown counts local spots like Safehouse Coffee Roasters, Lola Cigars, Bunjee’s Comics, and Piedmont Brewery, with Atlanta’s Fire Maker Brewing Company set to open a taproom in 2025.
Two more Griffin Modern homes are under construction near the model now.
Prices for current floorplans range from $190,000 (the two-bedroom Jones Plan, with a bathroom and ½ in 1,184 square feet) up to the deluxe offering at $365,000 (the three-bedroom Atlantis plan, with three and ½ bathrooms in 1,654 square feet).
Calebe Souza Araujo
Calebe Souza Araujo
According to Tidwell, each Griffin Modern product is considered affordable by FHA standards, and first-time homebuyers can qualify for $12,000 grants for down payments. For the Aura plan, that means a mortgage with no money down and all-inclusive monthly payments around $1,800 is possible, per Tidwell.
The Griffin homebuilding initiative “is transforming the local housing market by designing entry-level homes packed with modern features that were once thought impossible for first-time buyers,” reads the company spiel. “This home is not just a place to live—it’s a vision of the future.”
Swing up to the gallery for more context and a closer look at Griffin Modern’s first finished dwelling.
Contributed photo
Proximity of the first Griffin Modern project on Quilly Street to the city’s historic downtown south of Atlanta. Google Maps
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• OTP news, discussion (Urbanize Atlanta)
Tags
316 E. Quilly St
233 E. Tinsley St.
Griffin
Calebe Souza Araujo
Alternate Housing
modern design
Modern Homes
Southside
Southern suburbs
OTP
Affordable Housing
Rockethouse Design+Build
Rockethouse
Fire Maker Brewing Company
Atlanta City Centers
Historic Suburbs
Suburban Atlanta
Suburban Development
Suburban Construction
Piedmont Brewery
First-time homebuyers
Griffin/Spalding County
Images
Proximity of the first Griffin Modern project on Quilly Street to the city’s historic downtown south of Atlanta. Google Maps
The first complete Griffin Modern home counts two bedrooms and two and 1/2 bathrooms in 1,204 square feet for $275,000. Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Calebe Souza Araujo
Contributed photo
Contributed photo
Contributed photo
Contributed photo
Contributed photo
Contributed photo
Contributed photo
Contributed photo
Contributed photo
Downtown Griffin in relation to metro Atlanta’s southside. Google Maps
Downtown Griffin today. Contributed photo
Subtitle
Lots for $10K (or less) keep home prices relatively low near Griffin’s lively downtown, sellers report
Neighborhood
OTP
Background Image
Image
Before/After Images
Sponsored Post
Off
SC Marina Operator Obtains $400M Refi
SC Marina Operator Obtains $400M Refi
Newmark Group has arranged a $400 million credit facility for PORT 32 Marinas to refinance its existing portfolio of coastal marinas, and to fund the future acquisition of marinas. Newmark’s Jordan Roeschlaub, Chris Kramer and Jonathan Firestone arranged the financing, which was provided by the Austria-based bank, BAWAG Group.
Based in Charleston, South Carolina, PORT 32 is a leading owner, operator and developer of dry and wet slip coastal marina properties. PORT 32 provides expertise in the development and management of marina assets to bring customers an unparalleled level of service within the industry. PORT 32 owns and operates a growing collection of Class A marina assets in premier markets. Besides Charleston, the company runs one marina in North Carolina, and nine in Florida, including Jacksonville, Marco Island, Cape Coral, Naples, Tampa, Fort Lauderdale, Tierra Verde, Palm Beach Gardens and Lighthouse Point.
The post SC Marina Operator Obtains $400M Refi appeared first on Connect CRE.
Newmark Group has arranged a $400 million credit facility for PORT 32 Marinas to refinance its existing portfolio of coastal marinas, and to fund the future acquisition of marinas. Newmark’s Jordan Roeschlaub, Chris Kramer and Jonathan Firestone arranged the financing, which was provided by the Austria-based bank, BAWAG Group. Based in Charleston, South Carolina, PORT 32 is a leading …
The post SC Marina Operator Obtains $400M Refi appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
Newmark Group has arranged a $400 million credit facility for PORT 32 Marinas to refinance its existing portfolio of coastal marinas, and to fund the future acquisition of marinas. Newmark’s Jordan Roeschlaub, Chris Kramer and Jonathan Firestone arranged the financing, which was provided by the Austria-based bank, BAWAG Group. Based in Charleston, South Carolina, PORT 32 is a leading …
The post SC Marina Operator Obtains $400M Refi appeared first on Connect CRE.
Nearly 2,200 Midtown apartments delivered in 2024, data shows
Nearly 2,200 Midtown apartments delivered in 2024, data shows
This vibrant Atlanta district saw its second-largest wave of apartments delivered this year.
This vibrant Atlanta district saw its second-largest wave of apartments delivered this year. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
This vibrant Atlanta district saw its second-largest wave of apartments delivered this year.