MIDTOWN COMMERCIAL REAL ESTATE MAPS, Q3 2017 the Midtown Commercial Commercial District District Is Divided Into 5 Walkable Subareas
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MIDTOWN COMMERCIAL REAL ESTATE MAPS, Q3 2017 The Midtown Commercial Commercial District District is divided into 5 walkable subareas. Each subarea is a Opportunity Zone 6-minute walk radius anchored by a major point of interest. Midtown Improvement District Subarea A: Savannah College of Art & Design (SCAD) 6 Min Walk 19TH ST 18TH ST 17TH ST Atlantic Subarea B: Station Woodruff Arts Center (WAC) 6 Min Walk 16TH ST ARTS CENTER STATION 15TH ST 14TH ST 13TH ST Piedmont Park 12TH ST Subarea C: Federal Reserve Bank of Atlanta PEACHTREE WK 11TH ST 6 Min Walk WILLIAMS ST WEST PEACHTREE ST 10TH ST MIDTOWN STATION JUNIPER ST 7TH ST SPRING STNW SPRING 6TH ST Subarea D: 5TH ST Tech Square 6 Min Walk PEACHTREE ST NE Georgia Institute 4TH ST of Technology 3RD ST NORTH AVE STATION Subarea E: LINDEN AV Emory University Hospital Midtown (EUHM) 6 Min Walk CIVIC CENTER N STATION 1/4 mi MIDTOWN COMMERCIAL REAL ESTATE MAPS, Q3 2017 | SCAD ATLANTA A1 lk wa e ut in m 6 I-85 2 BUFORD SPRING CONNECTOR Amtrak Station America’s Best Value Inn The Temple WSB TV 4 1660 Peachtree PEACHTREE ST 3 WEST PEACHTREE ST 1 BEVERLY RD Peachtree Equifax Christian Church 1 Rhodes Hall PEACHTREE CIR 2 1 19TH ST 3 Breman 2 Museum 1 18TH ST 1 PEACHTREE ST 1400 West Center for Peachtree Puppetry Arts OPPORTUNITY ZONE job creation tax credit: $17,500 per new job PREPARED BY MIDTOWN ALLIANCE N ATLANTA, GA | Q3 2017 MidtownATL.com 1/4 mi MIDTOWN COMMERCIAL REAL ESTATE MAPS, Q3 2017 | SCAD ATLANTA A2 ANCHORS PROPOSED DEVELOPMENTS 1. SCAD Atlanta 1. SCAD Student Housing 592 bed dorms in Phase 1 redevelopment by SCAD Atlanta CLASS A OFFICE CLASS B OFFICE 1. Pershing Park Plaza 3. One Peachtree Pointe 1. Peachtree St Of ce Condos 1420 Peachtree St NE 1545 Peachtree St NE 1430 West Peachtree St NW 159,891 SF / 8 oors 159,448 SF / 7 oors 74,000 SF / 7 oors Percent Leased: 97% Percent Leased: 63% Percent Leased: 95% Year Built: 1991 Year Built: 1999 Year Built: 1955 Year Renovated: - Year Renovated: - Year Renovated: 2007 Lease Rate: $35/SF/YR FSG Lease Rate: $33.50/SF/YR, FSG Lease Rate: $20/SF/YR, MG 2. Federal Home Loan Bank 4. Two Peachtree Pointe 2. 1438 W. Peachtree 1475 Peachtree St NE 1555 Peachtree St NE 1438 West Peachtree St NW 235,314 SF / 11 oors 300,000 SF / 18 oors 42,340 SF / 2 oors Percent Leased: 90% Percent Leased: 83% Percent Leased: 81% Year Built: 1986 Year Built: 2007 Year Built: 1955 Year Renovated: 2012 Year Renovated: - Year Renovated: 2009 Lease Rate: $28.50/SF/YR, FSG Lease Rate: $35/SF/YR, FSG Lease rate: $28.50/SF/YR, FSG 3. Silhouette Midtown 1447 Peachtree St NE 115,838 SF / 10 oors Percent Leased: 80% Year Built: 1964 Year Renovated: 2007 Lease rate: $15.34/SF/YR, FSG LARGE-SCALE COMMERCIAL DEVELOPMENT SITES 1. Dewberry Capital site 2. Dewberry Capital site REQUIRED SITE CHARACTERISTICS Lot size: 1.70 acres Lot size: 7.42 acres Supports 500,000+ SF Base buildable area: 370,260 SF Base buildable area: 1,616,510 SF Unique property ownership With retail bonus: 518,364 SF With retail bonus: 2,263,114 SF With transit bonus: N/A With transit bonus: N/A SPI-16 DEVELOPMENT CONTROLS Non-residential FAR: 5 Ground- oor retail bonus: +2 Transit area bonus: +3.2 Max FAR including bonuses: 10.2 THRESHOLD PROPERTY SIZES Min. lot size outside transit area: 1.64 ac Min. lot size within transit area: 1.125 ac Sources: Class A and Class B Of ce, Xceligent, 2017; Large-scale commercial development sites, Midtown Alliance, 2017 MIDTOWN COMMERCIAL REAL ESTATE MAPS, Q3 2017 | WOODRUFF ARTS CENTER B1 OPPORTUNITY ZONE 6 m job creation tax credit: inu $17,500 per new job te w al 6 k 5 4 John Marshall Law School 18TH ST 4 1400 West 8 Peachtree 3 Center for 3 Puppetry Arts 5 7 17TH ST Center Residence Stage Inn 2 17TH ST 6 5 2 3 First Perkins & Will Presbyterian Church WEST PEACHTREE ST PEACHTREE ST One Artmore 4 16TH ST Museum Hotel Place 1270 Spring 2 1 Street 1 Arts SPRING ST WILLIAMS ST Center Christian Science AMLI Arts Center Station Reading Room Hampton Inn & Suites 15TH ST TECHWOOD DR Promenade 4 Promenade I 1 parking (Norfolk Southern) 2 parking 1 1 3 14TH ST 14TH ST Proscenium Atlantic Wimbish House House 13TH ST JUNIPER ST PREPARED BY MIDTOWN ALLIANCE N ATLANTA, GA | Q3 2017 MidtownATL.com 1/4 mi MIDTOWN COMMERCIAL REAL ESTATE MAPS, Q3 2017 | WOODRUFF ARTS CENTER B2 ANCHORS PROPOSED DEVELOPMENTS 1. Woodruff Arts Center 1. 98 14th St 3. Peachtree at 17th High Museum of Art, Atlanta Symphony 1,300 apartments, 213 hotel rooms, and 190,000 SF of ce, 12,200 SF retail, 206 Orchestra, Alliance Theatre 135,000 SF retail in 3 towers by Olympia residential units, and 140 guest rooms by Heights Management The Simpson Organization 2. Interface Corp. HQ Renovation 4. SCAD Student Housing Façade renovations and sustainability 592 bed dorms in Phase 1 upgrades to an existing three-story redevelopment by SCAD Atlanta of ce building to house new HQ for Interface CLASS A OFFICE 1. Regions Plaza 4. Promenade 7. Pershing Point Plaza 1180 West Peachtree St NE 1230 Peachtree St NE 1375 Peachtree St NE 545,076 SF / 24 oors 774,610 SF / 38 oors 410,357 SF / 7 oors Percent Occupied: 88% Percent Occupied: 96% Percent Occupied: 61% Year Built: 2001 Year Built: 1990 Year Built: 1960 Year Renovated: - Year Renovated: - Year Renovated: 2000 Lease Rate: $35.29/SF/YR, FSG Lease Rate: $32/SF/YR, Net Lease Rate: $25.61 /SF/YR, FSG 2. One Atlantic Center 5. One Midtown Plaza 8. Pershing Park Plaza 1201 West Peachtree St NW 1360 Peachtree St NE 1420 Peachtree St NE 1,100,312 SF / 50 oors 232,733 SF / 13 oors 159,891 SF / 8 oors Percent Occupied: 91% Percent Occupied: 89% Percent Leased: 97% Year Built: 1987 Year Built: 1984 Year Built: 1991 Year Renovated: Year Renovated: - Year Renovated: - Lease Rate: Negotiable Lease Rate: $28.50/SF/YR, FSG Lease Rate: $35/SF/YR FSG 3. 1180 Peachtree 6. Two Midtown Plaza 1180 Peachtree St NE 1349 West Peachtree St NW 670,000 SF / 41 oors 273,375 SF / 20 oors Percent Occupied: 99% Percent Occupied: 69% Year Built: 2006 Year Built: 1986 Year Renovated: - Year Renovated: - Lease Rate: $42/.54SF/YR, FSG Lease Rate: $28.5/SF/YR, FSG Sources: Class A and Class B Of ce, Xceligent, 2017; Large-scale commercial development sites, Midtown Alliance, 2017 MIDTOWN COMMERCIAL REAL ESTATE MAPS, Q3 2017 | WOODRUFF ARTS CENTER B3 CLASS B OFFICE 1. 1275 Peachtree 3. 1389 Peachtree 5. 1438 W. Peachtree 1275 Peachtree St NE 1389 Peachtree St NW 1438 West Peachtree St NW 142,752 SF / 6 oors 42,000 SF / 3 oors 42,340 SF / 2 oors Percent Occupied: 95% Percent Occupied: 82% Percent Leased: 81% Year Built: 1984 Year Built: 1986 Year Built: 1955 Year Renovated: - Year Renovated: - Year Renovated: - Lease Rate: $24.25/SF/YR, FSG Lease rate: - Lease rate: $28.50/SF/YR, FSG 2. The Peachtree 4. 1401 Peachtree St 6. Silhouette Midtown 1355 Peachtree St NE 1401 Peachtree St NE 1447 Peachtree St NE 345,245 SF / 20 oors 87,276 SF / 5 oors 115,838 SF / 10 oors Percent Occupied: 82% Percent Occupied: 77% Percent Leased: 77% Year Built: 1989 Year Built: 1955 Year Built: 1964 Year Renovated: Year Renovated: - Year Renovated: 2007 Lease Rate: $28/SF/YR, FSG Lease rate: - Lease rate: $22.50/SF/YR, FSG LARGE-SCALE COMMERCIAL DEVELOPMENT SITES 1. Selig Enterprises site 4. Arts Center site 2.01 acres Lot size: 1.67 acres REQUIRED SITE CHARACTERISTICS Base buildable area: 437,290 SF Base buildable area: 364,270 SF Supports 500,000+ SF With retail bonus: 612,206 SF With retail bonus: 509,978 SF Unique property ownership 743,110 SF With transit bonus: N/A With transit bonus: SPI-16 DEVELOPMENT CONTROLS Non-residential FAR: 5 2. Metlife site 5. Dewberry Capital site Ground-oor retail bonus: +2 4.69 acres Lot size: 1.27 acres Transit area bonus: +3.2 Base buildable area: 1,021,918 SF Base buildable area: 275,740 SF Max FAR including bonuses: 10.2 With retail bonus: 1,430,685 SF With retail bonus: 386,036 SF THRESHOLD PROPERTY SIZES With transit bonus: 2,084,711 SF With transit bonus: 562,509 SF Min. lot size outside transit area: 1.64 ac Min. lot size within transit area: 1.125 ac 3. Metlife site 4.48 acres Base buildable area: 975,744 SF With retail bonus: 1,366,041 SF With transit bonus: 1,990,517 SF Sources: Class A and Class B Ofce, Xceligent, 2017; Large-scale commercial development sites, Midtown Alliance, 2017 MIDTOWN COMMERCIAL REAL ESTATE MAPS, Q3 2017 | FEDERAL RESERVE BANK C1 OPPORTUNITY ZONE job creation tax credit: $17,500 per new job 8 Promenade 13 Parking alk w 12 te Colony u Square n 9 6 i 10 m 8 11 6 14TH ST Marriott Apogee Suites 6 5 Midtown Dual- 7 Atlantic branded Wimbish 5 4 House hotel House PEACHTREE WALK PEACHTREE 13TH ST 7 3 Northside 1 Medical Building 2 4 4 1 Skyhouse Midtown WEST PEACHTREE ST PEACHTREE WEST 12TH ST 12TH ST JUNIPER ST CRESCENT AVE CRESCENT 77 3 12th Street 1010 Adult Swim Midtown (TBS) Peachtree Walk 60 11th 3 Condominiums Street 1052 W.