The Midtown Development Review Committee (DRC) met on March 11th to discuss proposals for two large mixed-use developments—60 11th Street and 98 14th Street.
60 11th Street—Daniel-Selig kicked off the meeting, proposing the next phase of 12th and Midtown: a development at 60 11th Street. Located on the Northeast corner of 11th Street and Crescent Avenue, this tower is considered to be the sister project of the recently completed 77 12th residential development. With 14,000 SF of retail space on two levels of the project, Daniel-Selig continues to deliver high-quality mixed-use space to the Midtown core. Designed by Atlanta architecture firm Rule Joy Trammell + Rubio, the 20-story development will feature structured parking and 319 apartments. Construction is set to start in Fall 2014 with completion anticipated in early 2016.
98 14th Street—Additionally, Olympia Heights Management submitted to the DRC plans for a major 1.7M SF mixed-use project on the former symphony site at 98 14th Street. Designed by architecture firm Arquitectonica, the project will include three towers that range from 39 to 60 stories. Through this development, Midtown will gain 1,300 apartments, 270 hotel rooms, and 92,000 SF of retail space. According to the development team, a three-phase masterplan process is projected to start in 2015. The first phase will include construction of a mixed-use residential tower with approximately 14,690 SF of retail space and 500 apartment units.
These projects will bring an exciting influx of retail, residential and hotel offerings—and are well-positioned to take advantage of nearby MARTA transit stations.
Both developments remain in review with the Midtown DRC. The next meeting will take place at 999 Peachtree Street in the 5th Floor Conference Center on Wed, April 2nd at 5:30 p.m.
About the Midtown Development Review Committee
The Midtown Development Review Committee (DRC) was established by Atlanta City Council to provide formal recommendations on all applications for development in the Midtown Core (SPI-16 & SPI-17 zoning districts) as part of the City’s permit process. The DRC’s mission is to support and foster Midtown’s authentic urban environment, improve the community’s aesthetics, and facilitate safe, pleasant and convenient pedestrian circulation.
The Midtown Development Review Committee (DRC) met on April 2nd to finalize recommendations for two mixed-use projects, 98 14th Street and 60 11th Street They also reviewed a new application for the renovation and addition to Stonehurst Place at 923 Piedmont Ave.
98 14th Street update
Olympia Heights Management returned to the DRC yesterday, following up on its initial review last month of their proposed $650 million mixed use project on the former symphony site. The first phase of this three-tower development is projected to break ground in 2015. When completed, the project will add 1,350 apartments, 270 hotel rooms, and 92,000 SF of retail space to Midtown. The Midtown DRC has recommended conditional approval and anticipates approval by the City if conditions to resolve access and road connectivity issues are met. This decision is in line with the conditional approvals granted by both the Georgia Regional Transportation Authority (GRTA) and ARC’s Developments of Regional Impact (DRI) review process.
60 11th Street
This week wraps up the review process of the 60 11th Street, a residential mixed-use project that first came to the DRC in March. The proposed development is the next phase of 12th & Midtown, developed in partnership by Selig Enterprises and Daniel Corp. The applicant worked collaboratively to address issues raised during the March DRC meeting and the project was approved yesterday by the DRC.
923 Piedmont Avenue
Stonehurst Place, a bed and breakfast inn, is proposing a renovation and addition to an existing guest cottage. The project would rehabilitate one of two 1940’s cottages on the property and expand it to provide two additional guest rooms. The DRC has recommended approval conditional upon confirmation by the Bureau of Buildings that the project meets building code requirements.
The next meeting will take place at 999 Peachtree Street in the 5th Floor Conference Center on Tuesday, May 13th at 5:30 p.m.
A recent report on Atlanta’s intown apartment market by Haddow & Co. noted that 8,239 new units are in construction as of the first quarter of 2014 with another 8,374 units proposed. To put that in perspective, 4,146 units were delivered over the past four years. More good news is that over the last 12 months the occupancy rate for Class A apartments built in intown Atlanta since 2000 has moved above 96 percent, effective rents have grown 7.3 percent, and leasing activity is strong.
Midtown is seeing a significant portion of this development activity with a steady stream of high-density residential projects being presented to the Midtown Development Review Committee (DRC).
This month three major residential projects were reviewed, and together they would add more than 1,000 new units to the Midtown apartment market:
AMLI Arts Center – Following an initial presentation in January 2014, AMLI Residential returned to the DRC to present an update to the proposed AMLI Arts Center at West Peachtree and 15th Street. The project includes 350 apartment units, 4,350 square feet of retail space, and a 552 space precast parking structure across the street from the Arts Center MARTA Station. The DRC anticipates recommending approval for the project but will conduct a final design review with the applicant electronically to approve the proposed parking deck facade.
1163 West Peachtree Street – Novare Group, the development team behind the recently completed Skyhouse South and Skyhouse Midtown projects, is proposing a new mixed-use project on the southeast corner of 14th and West Peachtree where Einstein’s Bagels is currently located. The project is a 32-story tower with 404 residential units and 11,500 SF of retail. The DRC has recommended approval for this project. In particular, the committee noted their support of proposed community improvements, including a bike lane on West Peachtree and one to two-way conversion of 13th Street from West Peachtree Street to Peachtree Walk.
33 11th Street – Post Properties presented its proposal for Midtown Millennium, a 23-story residential building on the empty lot behind the Federal Reserve. The project is configured with 327 apartments above 7 levels of fully-enclosed parking. The DRC has recommended conditional approval based on the creation of an additional loading zone for small service vehicles.
The next DRC meeting will take place at 999 Peachtree Street in the 5th Floor Conference Center on Tuesday, June 10th at 5:30 p.m.