Only in Midtown Atlanta
Only in Midtown Atlanta
1
Imagine the kind of place where people and businesses thrive. A place that is at once welcoming and memorable, with unparalleled walkability, tree-lined streets and robust transportation options. World-class arts and culture, parks and a flourishing restaurant scene. A magnet for talent and innovation. A place where both established businesses and startups alike can plant their flag and grow.
It’s right here, in the heart of it all.
Contents
04 Overview
08 Thriving Business District
10 Innovation & Talent
14 Livable
16 Connected
18 Arts & Culture
20 Hospitality & Lifestyle
22 Urban & Green
24 About Midtown Alliance
26 Resources A 1.2 mile area in the heart of the City of Atlanta, overview Midtown is one of the region’s defining urban districts— a premier business location, a center of innovation and talent, and an exceptional urban experience. Midtown is a commercial and Peachtree corridor Atlanta region cultural hub located GA 400 I-75 at the center of I-85 buckhead the Atlanta region. midtown I-285
downtown I-20 midtown
I-85 I-75
Atlanta’s Peachtree Corridor
The Peachtree Corridor comprises less than 4% of the City’s land area:
$ Annual Economic 87B Impact
% of the City’s jobs (241,000); 58 70% of tech jobs
Real Estate Value: 37% of total value $ in the City; $5.5 billion new construction 21B in the pipeline (80 new projects)
Population growth compared 5x to the City of Atlanta
of residents are Millennials 2/3 or Gen Xers
4 In Midtown, people, business and culture converge to create a live-walk-work and play community with a personality all its own, and a quality of life virtually unmatched in the Southeast.
Sense of Community 79% strong sense
Workers, residents and visitors who feel a strong sense of community or personal attachment toward Midtown. (June 2013 survey of 1,960 people)
Walkability
Midtown’s pedestrian-oriented environment has consistently been named Atlanta’s most walkable neighborhood by Creative Loafing.
“Walker’s Paradise” 90 84 Midtown
“Very Walkable” 70
“Somewhat Walkable” 50
“Car Dependent” <49
(walkscore.com)
5 overview Thriving business district Midtown is a place where live-work-walk Central location with great accessibility and play is a reality. Rich array of transit and mobility options
150+ restaurants and shopping experiences
One of Atlanta’s hottest residential markets
Top-ranked anchor institutions bridging technology, healthcare and the arts
Largest concentration of arts and cultural attractions in the Southeast
Adjacent to Piedmont Park and Atlanta BeltLine Eastside trail
…and all within an easy walk
6 MARKET INVENTORY: 20M SF OFFICE 12,000 RES. UNITS MULTIPLE TRAVEL CHOICES: 1.9M SF RETAIL 122 BLOCK STREET GRID 4,000 HOTEL ROOMS 22 MILES OF STREETS 170 INTERSECTIONS
SCAD ATLANTA
300 ACRES OF GREENSPACE INCLUDING PIEDMONT PARK 4 MARTA TRANSIT 19TH ST & ATLANTA BOTANICAL STATIONS & 70+ GARDEN TRANSIT ROUTES
PEACHTREE ST NE ANSLEY PARK ATLANTIC STATION 17TH ST
K WOODRUFF L
A ARTS CENTER
W ATLANTA
E T BOTANICAL
U
SPRING ST NW N
I 15TH ST GARDEN
WEST PEACHTREE ST PEACHTREE WEST M
6
14TH ST 14TH ST
IMMEDIATELY ADJACENT TO I-75/85 12TH ST PIEDMONT FEDERAL RESERVE PARK BANK OF ATLANTA
JUNIPER ST 6 PIEDMONT AV
M
I N
U 65,000 WORKERS 10TH ST T E
14,000 RESIDENTS W A
6M TOURISTS L
K
8TH ST TECHNOLOGY 2-WAY CYCLE TRACK SQUARE CONNECTING TO ATLANTA BELTINE
GEORGIA TECH
5TH ST 11 MILES OF BIKE FACILITIES EXISTING OR UNDERWAY 96% OF ALL OFFICE & 97% OF ALL RESIDENTIAL
K ARE WITHIN A 6-MIN WALK L 3RD ST OF A MARTA RAIL STATION A W
E
T PONCE DE LEON AV
U
N
I M
EMORY UNIVERSITY 6 NORTH AV HOSPITAL MIDTOWN
$2.7B OF NEW 6 M DEVELOPMENT IN I N THE PIPELINE U T
E
PINE ST W
A 0.3 mile
L
K
6 min. walk7 THRIVING BUSINESS DISTRICT Today’s businesses need access to the best talent, strong transit linkages and quality amenities within an easy walk. Welcome to Midtown—a business address of choice. Midtown is a mecca for the Major Employment Center creative class jobs within a 1.2 square and a nexus for mile area (less than 1% technology 65,000 of the City’s land area) and innovation. of the City’s professional, technology, science, % and management jobs*, forecasted to grow 25 41% over the next decade
of the City’s finance and insurance jobs, % with 56% growth forecasted over the 20 next decade *up 40% over the last decade
By 2020, nearly half the U.S. workforce will be made up of Millennials. In a recent poll, 62% of Millennials indicated they prefer to live in mixed-use communities found in urban centers, where they can be close to shops, restaurants and offices. Another survey cited affordable and convenient transportation alternatives are important for 81% of Millennials. – Urban Land Institute, “America in 2013: A Survey of Views on Housing, Transportation and Community”
8 Premier Office Market Midtown Atlanta has a very favorable cost structure compared to other major CBDs. (Colliers International, 2014)
Los Angeles square feet of San Francisco 20M office space Boston
Midtown Manhattan % of offices within a 6-minute walk Washington, D.C. of MARTA rail 96 Chicago Denver
Houston % Increase in new jobs forecast 28 over the next 10 years Midtown Miami-Dade
$0 $10 $20 $30 $40 $50 $60 $70 $80 Price Per Square Foot (Class A Office)
Highly-educated, fast-growing residential population. Midtown’s residents are growing at 5 times the City average and 68% are college educated.
9 INNOVATION & TALENT • Globally-ranked anchor institutions bridging technology, healthcare and the arts Midtown’s status • Top-tier startup incubators and accelerators • Strong entrepreneur support network as a world-class • Corporate innovation centers technology innovation • Robust technology infrastructure hub is formidable and growing. A Pipeline for Talent 275,000+ undergraduate and graduate students across 66 colleges and universities in Metro Atlanta
10 G t’s high Top-Ranked Institutions Georgia Institute of Technology performance A U.S. top 10 and global top 25 university computing center moves foward 600k+ sf office and data center coming to tech square
Atlanta Business Chronicle May 19, 2015
Kaiser Permanente Emory University Hospital Midtown to put $20M IT 6th in the U.S. among academic medical centers campus in Midtown and affiliated hospitals TRANSIT, WALKABILITY KEY FACTORS IN DECISION
Atlanta Business Chronicle April 16, 2015
NCR move brings 3,600 jobs to Midtown SCAD Atlanta Atlanta Business Chronicle Atlanta campus of Savannah College of Art and Design, January 16, 2015 the largest and most comprehensive private arts university in the U.S. tech firms prefer midtown int par because of being close to georgia tech and marta
Atlanta-Journal Constitution November 26, 2014
11 INNOVATION & TALENT Innovation & Research Centers Midtown is a place where talent and innovation can flourish.
Georgia Tech’s Technology Square Technology Square is a 1.4 million square foot project sponsored by Georgia Tech that encompasses education, research, hospitality, office and retail. It serves as a new urban “main street” for the campus and the Midtown Atlanta community.
Innovation Anchors:
1. Advanced Technology Development Center (ATDC): Rated “Top 12 Business-based Incubators Changing the World” 2. Venture Lab: Ranked #2 university-based incubator worldwide 3. Flashpoint: Teams entrepreneurs with mentors, technical, marketing and design experts and investors. 4. enterprise Innovation Institute (EI2): Outreach to businesses, industries, entrepreneurs and economic developers 5. the Interoperability & Integration Innovation Lab (I3L): Solving health IT communication problems 6. technology Association of Georgia (TAG): Membership organization uniting Georgia’s tech community and representing 2000+ companies 7. tech Square Ventures: A seed and early stage fund 8. georgia Tech Institute for Leadership and Entrepreneurship: Center for education and scholarship in values-based business leadership and socially responsible entrepreneurship. 9. georgia Tech Research Institute (GTRI): Non-profit applied research arm of Georgia Tech. 10. Georgia Department of Economic Development: Plans, manages and mobilizes state resources to attract new business investment to Georgia 11. Technology Enterprise Park: Atlanta’s premier biotech research park.
12 Corporate Innovation Centers Coming Soon at Tech Square:
1. AT&T Foundry 2. Panasonic Automotive Innovation Center 3. Thyssenkrupp Elevator America R&D Center 4. GE’s Smart Grid Innovation Laboratory 5. Home Depot Innovation Center 6. NCR Hosted Solutions Group Innovation Center 7. AT&T Drive Studio 8. Coca-Cola Enterprises Innovation Center 9. Southern Co. Energy Innovation Center (announced) 10. Black & Decker Digital Accelerator (announced)
Co-Working Spaces
Collider A tech startup workspace for entrepreneurs and early stage teams maturing into startups. Georgia Tech High Performance Computing Center Industrious Future home of a new 20+ story building that will drive Co-working space for freelancers, growing startups innovation in high performance computing. The next step and small businesses. (447 Peachtree Street) forward in the development of Technology Square as Atlanta’s most sought after neighborhood for technology Strongbox West and scientific based companies. 600K+ sq ft. Occupancy Desks, offices, suites and meeting rooms for startups, will be half Georgia Tech, half private sector. small businesses, entrepreneurs and freelancers. Emory’s Proton Therapy Center World’s most advanced radiation treatment for cancer patients, due to open in 2016.
Tech Square Labs Innovation center and co-working space focused on information security, marketing automation and B2C startups.
NCR Global Headquarters Global HQ for Fortune 500 fintech company plans relocation to Tech Square with 3600 jobs. Strongbox West Kaiser Permanente IT Facility Information technology center for one of America’s leading health care providers will create 900 jobs.
Industrious
13 livable
Big city life with a neighborhood feel. Today, Midtown is one of the hottest residential markets in Atlanta.
Residential Growth
Since 2000, Midtown residential units have 4,282 more than doubled and are poised for phenomenal growth in the coming years. 5,049 2119
5,435
5,494 Proposed
Existing Before 2000 2000–2012 After 2012*
*Includes development under construction
14 Housing Choices
housing choices within a 3-mile radius of Midtown, from new + high-rise apartments, condos, and converted lofts to single-family 300,000 homes in a variety of in-town neighborhoods
Population Growth
Atlanta
Midtown (5x)
Since 2000, Midtown’s resident population has boomed, growing 5 times faster than the City of Atlanta.
Residential Units In the Pipeline 8,000+ residential units planned or under construction within Midtown’s 1.2 square mile district
15 Connected A tight, 120-block street grid offering abundant travel choices Midtown has a and unparalleled walkability true, multi-modal Ranked by Creative Loafing as transportation system “The Best Neighborhood for that is unrivaled Walking and Biking” in 2014 in the Southeast,
Central location with exceptional providing easy I-85 access to local and interstate access global destinations.
5 miles of bike lanes with 11 more planned and a future bikeshare program slated for 2015
4 MARTA rail stations with access to more than 76 miles of public transit and local/regional bus routes.
300+ acres of green space and a network of well-lit, tree-lined sidewalks
Direct connections to Piedmont Park and the Atlanta BeltLine’s Eastside Trail
One-seat ride to Hartsfield-Jackson International Airport, the busiest airport in the world
Coming Soon: Atlanta Streetcar East-West connection through Midtown via North Avenue
16 Traffic Signal Optimization Public Transit Access
The Midtown Traffic Signal Optimization Program is of commercial and residential retiming more than 100 traffic and pedestrian signals % buildings are within a 6-minute throughout Midtown. Early results have shown a 28% 96 walk to a MARTA station reduction in average trave times across 10 major corridors.
minute 6 walk
Interstate Access
Midtown is located right next to the I-75/I-85 connector, offering quick access to major interstates and highways.
400
85 75
midtown
20
17 As a major commercial and residential center, Midtown Arts & Culture is bustling with energy and offers a full complement of unique experiences.
Midtown arts and cultural institutions include: Midtown is home • Woodruff Arts Center • The Center for Puppetry Arts to the largest • High Museum of Art • Museum of Design • Atlanta Symphony • Bremen Museum concentration of Orchestra • Center Stage • Alliance Theatre • SCAD Show Theater arts and cultural • The Fox Theatre institutions in the Southeast. Annual Cultural Events 3,000+
The Woodruff Arts Center
“Mi Casa, Your Casa” installation on the Woodruff Arts Center plaza
18 The Fox Theatre—deemed one of “The Best Big Rooms in America” by Rolling Stone Magazine
Atlanta Streets Alive! is an “open streets” Live concert at the Atlanta event held along Peachtree Street Botanical Garden
19 Hospitality & Lifestyle Restaurants
Midtown Atlanta has + dining options including nationally made its mark on the 150 acclaimed and one-of-a-kind restaurants international culinary map with some of the city’s most acclaimed restaurants.
20 Annual Visitors Retail
people visit Midtown $ 6.1M attractions each year 540M retail sales on an annual basis, with Atlanta Food & Wine Festival retail space more than doubling since 2000
Hospitality
rooms in a variety of + luxury, boutique and 4,000 historic hotels
College Sports
Division I football at Bobby Dodd Stadium and Division I basketball at the new McCamish Pavilion
21 urban & green Green Space
Amid a vibrant + acres of green space and landscape, you’ll 300 multi-use trails find a dedication to parks, plazas, tree canopy, recreational opportunities and a commitment to environmental sustainability.
The Atlanta Botanical Garden’s Canopy Walk
Piedmont Park
22 Midtown EcoDistrict Pocket Parks
In 2012, Midtown Alliance formed the first urban Midtown Alliance focuses on creating green places and EcoDistrict in the Southeast, as a platform for spaces for recreation and relaxation throughout the collaboration on improved environmental and district. economic performance. Initiatives include energy savings, water conservation, green space, recycling and transportation alternatives.
of bike lanes with another 5MI 11 miles planned by 2016 The 15th Street Arts Center Plaza
Badminton at 10th & Peachtree Streets
The Atlanta BeltLine’s Eastside Trail Pershing Point Park
23 about midtown alliance Midtown Alliance is a non-profit organization of business and community leaders dedicated to building a vibrant urban experience in the heart of Atlanta. Guided by a visionary master plan, Blueprint Midtown, and in We’re committed partnership with the Midtown Improvement District, Midtown has become a national model to strengthening for urban excellence. Midtown as a place where people want to be and where businesses What We Do want to invest.
Capital Improvements Enhancing the public realm by investing in new sidewalks, street trees, pedestrian lighting, bike lanes, parks and plazas.
Public Safety Providing a safe environment through our round-the-clock public safety operations with an extensive high-definition video camera network and over 40 off-duty APD officers.
Clean & Green Keeping Midtown clean and green with full-time landscaping and maintenance operations.
Transportation Increasing transportation accessibility with intersection and road improvements, district-wide signal management, and wayfinding signage.
Urban Design Advocating for high-quality development projects consistent with local zoning codes and Blueprint Midtown, our community-designed master plan, and facilitating review and approval through the City.
Sustainability Positioning the area as a market leader in sustainability and improving its competitive edge by establishing the South’s first urban eco-district.
Innovation Catalyzing growth in high-tech and creative industries that attract investment and business growth through a district- wide innovation strategy.
24 Results Since 2000
$ + in new 4B investment
in public and private $ improvements for 400M streetscapes/bridges
+ residential units and retail space 2x has more than doubled
~ commercial property tax digest 3x has almost tripled
25 resources Midtown Alliance works with the private sector to build a livable and sustainable Midtown Atlanta by providing proactive planning and development assistance. Additionally, the following resources are We provide a wide available online at MidtownATL.com/ResourceCenter range of resources and support to Maps businesses, property Includes Commercial Real Estate Opportunity Maps, Midtown Walking Map, Midtown Context owners, developers, Map, Greater Midtown Boundaries, Midtown leasing agents, Improvement District Boundaries and site selection agencies. Incentives Fact Sheets Opportunity Zone Fact Sheet, New Markets Tax Credits, Georgia State Tax Credits.
Development Information Development Tour, Major Development Projects in 2014-2015, Existing Development Summary
Zoning & Design Guidelines Midtown Zoning District Map, SPI-16 Zoning Regulations/Design Guidelines, SPI-17 Zoning Regulations, SAP Application, Streetscape Standards Matrix, Streetscape Elements Cutsheets
Retail Information Retail Inventory Map, Midtown Retail Trade Area and Psychographics, Storefront Design Manual, Retail Nodes and Merchandise Mix
Data & Demographics Midtown Demographics, Weekday Traffic Counts, Weekday Traffic Balance
26 ATLANTA INFRASTRUCTURE INVESTMENT
MIDTOWN IMPROVEMENT DISTRICT MidtownATL.com [email protected] STREETSCAPES Completed Proposed 0 0.1 0.2 To miles Streetscapes Streetscapes Gwinnett Streetscape investments are County transforming Midtown’s major corridors with new sidewalks and bicycle facilities, lighting, street trees, and improved crosswalks - all of which reinforce the district’s strong urban identity.
to Cobb BRIDGESCAPES County Savannah College Completed Bridgescapes of Art & Design Atlanta campus Bridgescapes In Design
Planned Bridgescapes
Bridgescapes at all 7 bridges in 19TH ST midtown improvement district Midtown will celebrate these gateways into Atlanta’s urban core. Aesthetic enhancements will include new gateway 18TH ST features, bridge fencing, Atlantic lighting, and pedestrian and bicycle facilities. Station PEACHTREE ST NE Ansley Park 17TH ST neighborhood tcirtsid tnemevorpmi nwotdim to Kennesaw tnemevorpmi tcirtsid BICYCLE INFRASTRUCTURE Bike Facilities Proposed Bike Facilities ARTS CENTER 16TH ST STATION Midtown’s bicycle network Woodruff covers over 5 miles within the Arts Center 1.2 square mile district. 3 additional miles of bike facilities 15TH ST Atlanta are planned for Peachtree St, Botanical 10th St, 5th St, and West Garden Peachtree St.
14TH ST m
i
14TH ST d NETWORK CONNECTIVITY
t o
w Proposed One- to Two- Way Street
13TH ST n
i
KLAW EERTHCAEP KLAW m Conversions 13TH ST
p 6th St: Peachtree to Juniper r
o
v 7th St: West Peachtree to Piedmont e 12TH ST Piedmont 12th St: West Peachtree to Crescent 12TH ST m e
n Turner GNIRPS TS Park
TS SMAILLIW TS Proposed Street Extension t d
Broadcasting i Midtown Alliance is pursuing 11TH ST ts Campus cr the extension of 15th Street 11TH ST t from West Peachtree Street Federal Reserve to Williams Street to improve Bank of Atlanta 10TH ST congestion relief to 14th 10TH ST Street, and enhance the value
to BeltLine of adjacent properties. t
ci PEACHTREE PL
r MIDTOWN ts
i STATION
d tn d GATEWAYS 8TH ST
e Proposed MARTA Station Enhancements m evorpmi evorpmi Plans for each of Midtown’s 7TH ST JUNIPER ST stations - North Avenue, Midtown, and Arts Center - will
n transform them into attractive
w
o 6TH ST and engaging destinations.
t
midtown improvement district improvement midtown
id Projects include elements such TS EE RT H C A EP TSE W
m as pop-up cafés, bicycle service Technology facilities, and public artwork. 5TH ST Square Georgia Institute of Technology REGIONAL TRANSIT 4TH ST MARTA Rail Stations Regional Bus Routes 3RD ST GRTA Xpress, GCT, CCT
Proposed Cobb County Bus Rapid t
cirt PONCE DE LEON AV Transit (BRT) s
i Cobb County BRT is a future regional d t d transportation project that proposes express bus ne service in managed lanes on I-75. The service will mev NORTH AVENUE NORTH AV extend from Arts Center Station to Kennesaw
or STATION State University.
p
m
i
n
w
o LOCAL TRANSIT
t
d i m Emory University Bus Routes Hospital Midtown Local Shuttles/Circulators Long Range Planned Streetcar Routes
PINE ST Future phases of the Atlanta Streetcar will connect the east and west sides of the Atlanta CIVIC CENTER Beltline to Midtown via North Avenue and 10th STATION Street routes. 27 999 Peachtree Street, Suite 730 Atlanta, Georgia 30309 404-892-0050
MidtownATL.com
28