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Fall 08 Newsletter Final.Pdf BEST NEWSLETTER IFEA Fall 2008 2008 WWHAT’SHAT’S see page 11 UUPP DOWNTOWN Mayor Shirley Franklin launches the City’s panhandling prevention Inside campaign with City Council members, APD and Downtown leaders. This Issue Offi ce Market Update ......... 2 Luckie Marietta Development Offers Commercial Helipad ........3 What’s New in the Downtown Dining District................................4 Downtown Crime Stats Continue to Improve ......5 TMA Initiatives To Help Commuters Save Money .................................6 Why Does the Children’s Museum Eco-Bus Smell Like Chick-fi l-A? ...............7 From our President CAP Unveils “Give Change n this issue, we’ll bring you up to the magnetic effect it has had, drawing That Counts” Panhandling date on the important things driving thousands of diners to Downtown. Prevention Effort ...............8 Downtown’s growth. From vending to • Meet Downtown’s new top cop, Major capital projects, panhandling prevention Khirus Williams, now the APD Zone Five King Tut To Visit Atlanta to political campaigns, commercial Commander. Civic Center ......................8 Igrowth to a change in our transportation • Find out about our upcoming Downtown Downtown Special habits, if it’s good for Downtown, that’s where Development Day and what it offers we’ve been focused. to economic development in our Events ..................................9 neighborhood. Our three top stories are the recently rolled • Learn the latest on TADs and new projects Downtown Atlanta out panhandling prevention strategy, the 13-1 being driven by that growth incentive. Restaurant Week ...........10 triumph of new vending legislation at City • Catch up on a host of other programs and Council, and the overwhelming approval of projects. Wednesdays In Woodruff the long-term Woodruff Park Master Plan. Fall Season ......................11 Sit back, relax, and enjoy this inside view of Also in this issue: Atlanta’s fastest moving market – Downtown. City Council Approves • Get briefed on our new website design, TAD Funding for Civil and which makes it easier to fi nd what you need to know online. Human Rights Center ..12 • Dig into the spectacular results of Downtown’s Restaurant Week and A.J. Robinson, President Cushman & Wakefi eld lobby at 55 Allen Plaza Development Day – Nov. 6 Exploring initiatives and opportunities The 2008 Downtown Development Day is Thursday, Nov. 6, at the Atlanta Marriott Marquis. In 2007 the event sold out in advance, with close to 500 industry leaders in attendance. We anticipate an even better program and a bigger audience this year with experts exploring the different facets of the real estate industry as it impacts Downtown. The program includes: ‘08 DOWNTOWN Development Day ATL Offi ce Market Update • The offi cial launch of Conditions favorable, outlook positive the Downtown Dining District ver the last year, the Downtown submarket delivered one new offi ce initiative building – the 349,010-square-foot 55 Allen Plaza – adding to the 17 million • Breakout sessions with topics such as Osquare feet of existing offi ce space. By mid-year 2008, Downtown had Learn from the Experts, Downtown absorbed 121,860 square feet, increasing the overall occupancy to 83.26 percent. Attraction & Tourism Industry, and While absorption is down in other urban submarkets this quarter, Downtown is the Green Line Plan experiencing positive absorption and is among the top fi ve of all Atlanta submarkets. • Downtown Development Expo The outlook for the Downtown offi ce market for the rest of the year is favorable. Winners of the Atlanta Downtown We can expect absorption to be positive as several large users are in play, newer Design Excellence award will be offi ce buildings continue to fi ll up, and no new deliveries are scheduled for the remainder of 2008. We also expect rental rates to increase. announced at the event. Awards will be given for the best design of With gasoline prices and traffi c congestion as they are, a number of companies restaurant/bar, offi ce, residential, hotel, are considering an urban location where public transportation is readily available. and institutional spaces throughout Downtown is in a great position, given its pedestrian-friendly environment, Downtown. For more information concentration of business, government and entertainment facilities, and favorable about the event and the awards visit economics. www.atlantadowntown.com. Atlanta New Century School A state-of-the-art learning environment for elementary students he Atlanta New Century School universities, libraries, and educational population and (ANCS) has relocated to a resources of Downtown Atlanta. have a full- new, permanent home at 120 The new site on Ralph McGill between day academic Ralph McGill Blvd., across from Piedmont and Courtland provides a program that Tthe Civic Center and the Georgia Power state-of-the-art learning environment for begins at age building. This move is a major step for elementary students. It also enables the 3,” said Angela Downtown Atlanta’s premier independent school to expand its classroom capacity Edmond, president of ANCS. “With school. The completely renovated facility to meet the growing demand by in-town open enrollment, we’re providing many allows for more programs and is crucial residents for a high-performing, intown professionals and families moving into the to upholding the school philosophy that private elementary school. city a high-quality, global education for their the classrooms encompass the museums, “We’re increasing our student children.” 2 Central Atlanta Progress/Atlanta Downtown Improvement District N E W S Luckie Marietta District 180 Peachtree The former Macy’s/Davison’s department store has Something for all tastes – and a new Helipad been purchased by 180 Peachtree Retail Group, a Luckie Marietta delivers the city experience Atlantans partnership of Atlanta investors. The group plans deserve, helping to revitalize in-town leisure with to bring shops and restaurants back to the historic easy, accessible offerings to fi t all tastes. Legacy Peachtree Street site. Property Group continues to expand the $200 In July, the group closed on its purchase of the lower million, six-acre development that encompasses three fl oors of the building, some 185,000 gross three blocks of Atlanta’s most preferred destinations square feet. The previous owner was Peachtree including 300 Marietta St., 275 Baker St., 250 Park Ave. Carnegie LLC. The upper fi ve fl oors, still owned by and 267 Marietta St. The innovative mixed-use district draws Peachtree Carnegie, were converted to offi ce space an astounding 14 million visitors a year and continues to fl ourish in several years ago and will retain that use for the the midst of an exciting Downtown Atlanta revival. foreseeable future. The latest stage of the Luckie Marietta development is the Hilton The 180 Peachtree Retail Group plans to convert Garden Inn, which opened in March 2008. A modern mid-rise the ornate, historic department store into a lively building with a unique contemporary feel, the hotel features: multi-tenant retail complex to serve the growing • The fi rst functioning commercial Helipad in Downtown Atlanta offi ce, residential, convention and tourist populations • An aquatic art gallery on each fl oor Downtown. The partnership has hired Cushman & • Legal Sea Foods, a 9,000-square-foot, award-winning Boston Wakefi eld, a national retail broker, to identify and sign seafood restaurant and bar tenants for the space. Museum of Patriotism to Open Downtown This Fall The National Museum of Patriotism will Georgia Aquarium, CNN Center, the • The Hall of Patriots soon be added to the impressive roster New World of Coca-Cola, Centennial • The Founding Fathers of attractions already surrounding Olympic Park and the future Center for • The Tuskegee Airmen Centennial Olympic Park. The news Civil and Human Rights. The signature exhibit is the Hall of was announced by the museum in Visitors to this interactive museum will Patriots, featuring Congressional Medal conjunction with Legacy Property experience such exhibits as: of Honor recipients, Congressional Group and Richard Bowers & Co. • One America (a salute to the heroes Gold Medal recipients, Carnegie Medal The museum will occupy space at 275 of 9/11) recipients and Medal of Freedom Baker St. and will complement other • The Symbols of America recipients. Downtown destinations that include the • The Immigrant Experience A new market just opened in the This new addition to Downtown Marketplace at Museum Tower Condominium building retail has both outdoor and indoor on Centennial Olympic Park Drive. seating. It serves the residents of Centennial Open The market combines a convenience the condominiums above as well as store with an ample selection of tourists visiting the World of Coca- for Business groceries, a sandwich counter, coffee, Cola and the Georgia Aquarium across and an upstairs bar and lounge with a the street. loft-like feel. WWW.ATLANTADOWNTOWN.COM 3 New Downtown restaurants serving selections to suit every palate n astounding 30 new restaurants Il Mulino were added in 2008 to the This famed Greenwich Village restaurant makes Downtown Dining District, which its fi rst Atlanta outpost in the One Ninety One now boasts more than 300 dining Peachtree Tower this fall. Voted the number one Aestablishments. Restaurants range from elegant Italian restaurant in New York by Zagat’s for the to casual, local to national, and vegetarian to last two decades, it is sure to impress with its steakhouse. The newest restaurants include: fresh Old World cuisine. Legal Sea Foods Straight from New England, Atlanta’s fi rst Legal Sea Foods serves fresh seafood that is fl own in daily, as well as award-winning clam chowder. The restaurant is in the Hilton Garden Inn. Dogwood Located at The Reynolds on Peachtree, Dogwood fuses elegance and sophistication in its Southern cuisine. Everyone’s talking about the grits bar, where you can add low country shrimp, Noni’s Bar and Deli fried oysters, and ham and pimento cheese.
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