>>>
>>> WELL
>>> WELL IT IS THAT TIME AGAIN WHERE WE TRY TO DECONSTRUCT ALL
OF THE DEVELOPMENT PROJECTS
HAPPENING AROUND METRO ATLANTA.
BACK WITH US TODAY ARE OUR
RESIDENT REAL ESTATE
AUTHORITIES.
AUTHORITIES. WE ARE GOING TO JUMP RIGHT IN.
THERE IS A LOT OF WORK GOING ON
IN MIDTOWN.
IN MIDTOWN. WE HAVE SELLICK DEVELOPMENT
WITH TWO PROJECTS . ALL OF THIS
WERE, WHO IS GOING TO MOVE INTO
THESE NEW PROJECTS.
>> WE HAVE BEEN REALLY AMAZED
AT ALL THE NEW PROJECTS COMING
TO MIDTOWN.
TO MIDTOWN. THESE ARE SKYLINE CHANGING
PROJECTS.
PROJECTS.
PROJECTS. THEY ARE ALL MIXED USES.
OFFICE SPACE, HOTELS,
RESIDENCES.
RESIDENCES. DOUG AND I INC.
THAT THERE COULD BE BROADER
ACTIVITY GOING ON IN THE
MARKET.
MARKET.
MARKET. >> WE KNOW THAT PANDORA HAS
TALKED ABOUT LIVING OPERATIONS
FROM THE WEST COAST.
WE KNOW THAT APPLE IS LOOKING
IN DIFFERENT CITIES.
OBVIOUSLY, AMAZON IS LOOKING IN
HERE.
HERE.
HERE. MIDTOWN HAS GEORGIA TECH, THEY
HAVE MODE -- THE MOST WALKABLE
OF IN TOWN NEIGHBORHOODS.
IT HAS A LOT GOING ON.
IF YOU THINK ABOUT WHERE ALL OF
THE CURRENT CONSTRUCTION FOR
OFFICE TOWERS IS UNDERWAY, IT
IS ALL CENTERED IN MIDTOWN.
>> IT IS INTERESTED --
INTERESTING TO LOOK AT MIDLIFE,
THAT IS A MIXED DEVELOPMENT.
IT IS MIXED-USE, YOU CAN GO TO
WORK, YOU CAN SHOP AND YOU CAN
DO ALL OF THESE THINGS IN A
SQUARE BLOCK.
SQUARE BLOCK. >> ONE OF THE INTERESTING
THINGS IS WE WERE TAKING A TOUR
AND TENANTS DO NOT WANT TO BE A
SHORT WALK AWAY.
>> THAT IS A LOT DIFFERENT.
YOU HAD A STORY ABOUT CHANGING
TRENDS WITH PARKING.
SOME PEOPLE DON'T THINK THIS IS
INTERESTING.
INTERESTING. TELL US HOW DEVELOPERS ARE
THINKING AHEAD AND WHAT THEY
ARE DOING WITH PARKING?
>> THEY WANT LESS OF IT.
THAT IS THE INTERESTING THING.
THE CITY WANTS TO CREATE OR
BUILD A NEW TOWER.
THEY HAVE SPOT DEVELOPED FOR
NEW TOWER.
NEW TOWER. THEY ARE PITCHING IT AS A CAR
FREE ENVIRONMENT.
FREE ENVIRONMENT. RIGHT AT CITY HALL.
>> NO PARKING DECK?
>> NO PARKING.
NO PARKING.
NO PARKING. >> PEOPLE WANT TO BE CLOSE TO
TRANSIT.
TRANSIT.
TRANSIT. THE BELT LINE IS GOING UP.
ARE PEOPLE GOING TO DO
RIDESHARING AND WALK?
IS THAT THE TREND WE ARE
SEEING?
SEEING?
SEEING? >> PARKING IS A VERY EXPENSIVE
COMPONENT OF A BUILDING.
IF YOU WANT TO TALK ABOUT
GETTING MORE AFFORDABLE HOUSING
THE GREAT WAY TO DO THAT IS TO
REDUCE THE AMOUNT OF PARKING.
>> IT IS $25,000 PER SPACE.
>> $25,000 PER PARKING SPACE?
>> YES ESPECIALLY IF YOU ARE IN
A -- ON THE DECK.
IT CAN BE THAT MUCH.
IF YOU WANT TO DO 300 BASIS
THAT ADDS UP.
>> THAT IS A GOOD WAY TO CUT
COSTS.
COSTS.
COSTS. IT
COSTS. IT IS GOOD OF PEOPLE WANT TO
WALK MORE AND YOU DON'T NEED
THAT SPACE ANYWAYS.
>> PARKING DECKS KILL STREETS.
HAVE YOU EVER BEEN ON A BLOCK
THAT IS ALL PARKING DECKS.
THERE IS NO ACTIVITY, NO LIFE.
>> YES, EXACTLY.
I WANT TO TALK ABOUT AMAZON.
THEY ARE CONSIDERING PUTTING
ANOTHER FULFILLMENT CENTER,
WITH THIS ONE CLOSER TO TOWN.
>> PEOPLE ARE MOVING INTO THE
CITY.
CITY.
CITY. WE
CITY. WE JUST TALKED ABOUT THAT.
AMAZON SEES PEOPLE LIVING INTO
THE CITY.
THE CITY.
THE CITY. THEY WANT TO BE CLOSER TO THE
URBAN CORRIDOR.
URBAN CORRIDOR. IF YOU THINK ABOUT INDUSTRIAL
DEVELOPMENT, I THINK IT ABOUT
IT BEING IN THE -- WAY OUT.
THIS IS GOING TO BE IN AN AREA
THAT YOU TALKED ABOUT.
>> STONE MOUNTAIN, WEST PARK
PLACE?
PLACE?
PLACE? >>
PLACE? >> YES, WE WERE TALKING ABOUT
THIS PLACE.
THIS PLACE. AMAZON WANTS TO PUT A 640,000
SQUARE FOOT e-COMMERCE CENTER.
1800 JOBS MAYBE.
>> AND YOU GET YOUR DELIVERIES
PRETTY QUICK.
PRETTY QUICK. >> YOU DO.
>> THAT IS -- WE WERE TALKING
ABOUT TRANSIT, TRANSIT ORIENTED
DEVELOPMENTS, THERE IS MORE
THAT GOING ON?
>> YES, WE HAVE SEEN AN INFLUX
OF NEW PROJECTS.
THAT IS BY THE STATION.
YOU MIGHT BE FAMILIAR WITH THE
ENGLISH AVENUE AREA?
>> YES ON THE WEST SIDE.
>> IT WOULD BE MIXED USE.
THE INVESTMENT WOULD BE MORE
THAN $300 MILLION.
THE JOINT VENTURE INCLUDES A
HOMEBUILDER.
HOMEBUILDER. THAT IS NOT THE ONLY PROJECT IN
TOWN.
TOWN.
TOWN. >>
TOWN. >> WE TALKED ABOUT AN AREA NEAR
THE ELLWOOD QUARRY.
>> THIS IS ANOTHER TRANSIT
ORIENTED DEVELOPMENT.
ORIENTED DEVELOPMENT. WE WILL LEAVE IT THERE.
THERE IS ALWAYS FUNNY TO TALK
WITH YOU ABOUT.
THANK YOU FOR BEING HERE.
>>> NOW, FOR THE PHOTO OF THE
WEEK.
WEEK.
WEEK. CHRONICLE PHOTOGRAPHER BYRON
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