DOCSLIB.ORG

Buckhead Submarket-CC.Indd

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Buckhead Submarket-CC.Indd Offi ce Submarket Report ATLANTA | BUCKHEAD Q4 2019 Key Takeaways Market Indicators Buckhead Buckhead > Buckhead posted its highest quarterly absorption number of the Relative to prior period Q4 2019 Q1 2020* year in Q4 with gains topping 134,000 square feet. This halted a VACANCY four-quarter slide, and gave the submarket its fi rst positive year since 2016. NET ABSORPTION - > A multitude of move-ins in the 20,000-25,000 square foot CONSTRUCTION -- range took place this quarter, highlighted by companies such as RENTAL RATE Salesforce, Harrison Design, and Evident ID. > The submarket’s vacancy rate fell 60 basis points (-0.6%) from *Projected Q3; however, it remains unchanged from this time last year. > Rents in Buckhead saw yet another increase overall, this time increasing by 1.0%. This marks 25 consecutive quarters with an Summary Statistics All Buckhead Offi ce Market Classes Class A Class B uptick. During this time, the average has jumped almost 50%. Total Inventory > While positive gains were welcomed this quarter, Buckhead is in for (Millions Square Feet) 21.4 16.3 4.5 a challenging year as a number of consolidations are expected. The largest of these will be AT&T vacating Lindbergh City Center. Vacancy Rate 13.5% 15.4% 8.4% Absorption, Deliveries and Vacancy Change From Q3 2019 -0.6% -0.8% 0.1% 150,000 15% Absorption YTD 43 101 -63 14% (Thousands Square Feet) 100,000 13% Construction Deliveries YTD 49 - 49 50,000 12% (Thousands Square Feet) Square Feet 0 11% Under Construction 340 340 - 4Q18 1Q19 2Q19 3Q19 4Q19 10% (Thousands Square Feet) (50,000) 9% Asking Rents (100,000) 8% Per Square Foot Per Year Absorption Deliveries Vacancy Average Quoted $36.28 $37.68 $27.45 Change From Q3 2019 1.0% 1.5% -1.4% UPDATE - Recent Transactions in the Market Notable Leasing Activity TENANT PROPERTY LANDLORD SIZE (SF) TYPE QGenda Terminus 100 Cousins Properties 47,670 Class A Lease Greenberg Traurig Piedmont Center 15 The Ardent Companies 15,860 Class A Renewal Balentine, LLC 3344 Peachtree Cousins Properties 14,438 Class A Renewal & Expansion March of Dimes 3495 Piedmont Rd. The Ardent Companies 13,459 Class A Expansion Notable Sales Activity PROPERTY SALES DATE SALE PRICE SIZE (SF) PRICE / SF BUYER Salesforce Tower 7/31/2019 $205,000,000 631,274 $325 Kohlberg Kravis Roberts & Co. Lindbergh City Ctr. - Offi ce Towers 9/26/2019 $160,000,000 955,000 $168 Rubenstein Partners 3535 Piedmont Rd. 2/6/2019 $58,000,000 300,454 $193 The Ardent Companies 135-173 W Wieuca Rd. 12/12/2019 $7,825,000 40,114 $195 Edward Andrews Homes Sources: CoStar Property, Colliers Research Skyline Review Space Available Direct Sublet 50 45 40 35 30 Floors 25 20 15 10 5 Salesforce Tower BUILDING 3344 Peachtree 3630 Peachtree Two Alliance Center Tower Place 100 Atlanta RBA 484,527 SF 631,808 SF 436,309 SF 491,888 SF 613,821 SF TYPICAL FLOOR SIZE 22,000 SF 23,000 SF 28,259 SF 25,000 SF 19,586 SF % LEASED 99.3% 85.4% 88.4% 87.6% 90.6% LARGEST SPACE AVAIL. 12,000 SF 20,469 SF 16,559 SF 33,654 SF 20,724 SF RENTAL RATE PER SF (Gross) $46.50-$47.00 $39.00-$41.50 $40.00-$43.00 $42.25 $38.00-$40.00 12345 3 3 2 7 9 3 8 4 8 5 10 7 1 5 1 1 2 4 9 11 10 6 6 2 12 2 Offi ce Submarket Report | Q4 2019 | Buckhead | Colliers International - Atlanta New Development 1 Source: CoStar Property 3354 PEACHTREE Mixed-Use Project 560,000 SF Offi ce 9,500 SF Retail 300 Apartment Units 60 Condos Construction Pending Developer: Regent Partners 2 One Alliance Terminus 100 Three Alliance Monarch Tower Monarch Plaza Center 656,000 SF 506,647 SF 527,761 SF 556,495 SF 368,688 SF THE OFFICE AT 24,259 SF 25,500 SF 23,262 SF 27,824 SF 25,124 SF BUCKHEAD ATLANTA 315,000 SF Class A Offi ce 77.3% 95.5% 91.5% 86.4% 80% Construction Pending Developer: Oliver McMillan 95,340 SF 20,800 SF 18,776 SF 50,490 SF 31,327 SF 3 $41.50-$42.50 $51.50-$52.50 $41.00 $41.50 $39.00-$40.00 67 8910 Aerial Legend Points of Interest UGA Terry College 1 Lenox Mall 7 of Business Campus 1 PHIPPS PLAZA 340,000 SF Class A Offi ce 2 Phipps Plaza 8 The Whitley Under Construction Buildings by Number Developer: Simon Property Gr. (see opposite page) Lenox Intercontinental 3 9 Market Place Hotel MARTA Rail Line 4 Tower Walk 10 New Construction Grand Hyatt 5 Buckhead Station 11 JW Marriott Atlanta History 6 12 Buckhead Atlanta Center 3 Offi ce Submarket Report | Q4 2019 | Buckhead | Colliers International - Atlanta In The News FOR MORE INFORMATION > Loudermilk moves forward on Buckhead Village offi ce project: Loudermilk has brought plans for an offi ce building in Buckhead Village before Buckhead offi cials. The Atlanta developer is Scott Amoson planning to build a 127,440 square foot offi ce building at 359 East Paces Ferry Road, to also VP, Director of Research | Atlanta include 8,000 square feet of retail space. The estimated $70 million building is slated for a +1 404 877 9286 ground-breaking in late spring of 2020. This is not the only project Loudermilk is working on in [email protected] Buckhead: they have partnered with Regent Partners to bring a Thompson Hotel to 415 East Paces Ferry Road. Those working and/or living in that area of Buckhead are going to be surrounded by new development, as CA Ventures is building a 225-foot apartment tower, and Jamestown is COLLIERS INTERNATIONAL upgrading the Shops Buckhead Atlanta, all within a few blocks of the Loudermilk project. ATLANTA OFFICE SPECIALISTS > CareerBuilder marketing Buckhead offi ce space: The employment website has decided to Allison Bittel Paul Reese market two of the three fl oors it occupies at 3445 Peachtree Road; with the potential of subleasing Frank Cannon Morgan Reynolds the third fl oor as well. This could result in potentially 58,000 square feet of space available in the nearly 300,000 square foot offi ce building overlooking Lenox Mall. CareerBuilder is not Scott DeMyer Emily Richardson leaving the Atlanta market entirely, as it maintains an IT headquarters in Peachtree Corners. The Jessica Doyle Jodi Selvey Buckhead offi ce was sales-oriented, and employed at least 200 people. The company considered Lee Evans Meredith Selvey the space to be under utilized which is the reason it is subleasing. Deming Fish Fred Sheats Josh Gregory Pete Shelton AT A GLANCE | Buckhead GA 400 Park > Signature 9-acre park in the heart Russ Jobson Hayes Swann of Buckhead. Jeff Kelley Andrew Waguespack > Over a half-mile long greenspace Dany Koe Andrew Walker to span across GA 400, connecting Eric Kulbacki Bob Ward Lenox Road to Peachtree Road. Drew Levine Stewart Yates > $250 million plan estimated to Michael Lipton draw 2.6 million visitors per year. > Buckhead CID Board approved work necessary for the planning and design phase of the park. > Ground-breaking is hoped to begin in 2020, with completion in 2022. Colliers International | Atlanta Offi ce | Buckhead Listings 1776 PEACHTREE 840-56,000 SF Lease Scott DeMyer/ Emily Richardson Colliers International | Atlanta Promenade | Suite 800 1230 Peachtree Street, NE Atlanta, Georgia, 30309 Copyright © 2020 Colliers International. +1 404 888 9000 The information contained herein has been obtained from sources deemed reliable. While colliers.com/atlanta every reasonable eff ort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional4 advisorsNorth priorAmerican to acting onResearch any of the material & Forecast contained Report in this report. | Q4 2014 | Offi ce Market Outlook | Colliers International.
Load more

Recommended publications
  • Raise the Curtain
    JAN-FEB 2016 THEAtlanta OFFICIAL VISITORS GUIDE OF AtLANTA CoNVENTI ON &Now VISITORS BUREAU ATLANTA.NET RAISE THE CURTAIN THE NEW YEAR USHERS IN EXCITING NEW ADDITIONS TO SOME OF AtLANTA’S FAVORITE ATTRACTIONS INCLUDING THE WORLDS OF PUPPETRY MUSEUM AT CENTER FOR PUPPETRY ARTS. B ARGAIN BITES SEE PAGE 24 V ALENTINE’S DAY GIFT GUIDE SEE PAGE 32 SOP RTS CENTRAL SEE PAGE 36 ATLANTA’S MUST-SEA ATTRACTION. In 2015, Georgia Aquarium won the TripAdvisor Travelers’ Choice award as the #1 aquarium in the U.S. Don’t miss this amazing attraction while you’re here in Atlanta. For one low price, you’ll see all the exhibits and shows, and you’ll get a special discount when you book online. Plan your visit today at GeorgiaAquarium.org | 404.581.4000 | Georgia Aquarium is a not-for-profit organization, inspiring awareness and conservation of aquatic animals. F ATLANTA JANUARY-FEBRUARY 2016 O CONTENTS en’s museum DR D CHIL ENE OP E Y R NEWL THE 6 CALENDAR 36 SPORTS OF EVENTS SPORTS CENTRAL 14 Our hottest picks for Start the year with NASCAR, January and February’s basketball and more. what’S new events 38 ARC AROUND 11 INSIDER INFO THE PARK AT our Tips, conventions, discounts Centennial Olympic Park on tickets and visitor anchors a walkable ring of ATTRACTIONS information booth locations. some of the city’s best- It’s all here. known attractions. Think you’ve already seen most of the city’s top visitor 12 NEIGHBORHOODS 39 RESOURCE Explore our neighborhoods GUIDE venues? Update your bucket and find the perfect fit for Attractions, restaurants, list with these new and improved your interests, plus special venues, services and events in each ’hood.
    [Show full text]
  • Piedmont Area Trans Study.Indd
    piedmont area transportation study final report Several portions of the corridor, such as near the northern and southern activity centers, do have more consistent and attractive streetscape environments. However, other portions existing of the corridor have not received improvements during recent years. This creates a disconnected corridor and provides unattractive and difficult conditions for individuals wishing to walk between the areas with nicer aesthetics and well-kept conditions streetscapes. This discontinuity between areas is even more noticeable to motorists who drive along the corridor. Zoning Structure Portions of the corridor lie within Special Public Interest (SPI) districts which provide an additional layer of zoning. These areas are located on the east side of Piedmont Road north of Peachtree Road as well as on both sides of Above: Recently completed Phase I Peachtree Road Piedmont Road in the Lindbergh Center Complete Streets streetsape area. These overlay districts allow for Right: Lindbergh Center as common goals pertaining to aesthetics, a model of good streetscape attractiveness to all user groups, and unity of appearance in these locations as development occurs. Several areas that are prime for redevelopment are currently not within overlay districts (along the west side of Piedmont Road south and north of Peachtree Road), making them vulnerable to development that does not support the common goals of the corridor. “ … We have worked with the City of Atlanta very closely throughout this process so that our recom- mendations can be put directly into the plan they create for the entire city. That gives Buckhead a fast start on making vital transportation improvements.” 22 23 piedmont piedmont area area transportation transportation study final report study final report 3.0 Existing Conditions The current state of Piedmont Road is the result of decades of substantial use without requisite investment in maintenance and improvement to the transit, pedestrian, bicycle, and roadway infrastructure along the corridor.
    [Show full text]
  • Soohueyyap Capstone.Pdf (6.846Mb)
    School of City & Regional Planning COLLEGE OF DESIGN A Text-Mining and GIS Approach to Understanding Transit Customer Satisfaction Soo Huey Yap MS-GIST Capstone Project July 24, 2020 1 CONTENTS 1. INTRODUCTION 1.1 Transit Performance Evaluation……………………………………………………………………………….. 3 1.2 Using Text-Mining and Sentiment Analysis to Measure Customer Satisfaction………… 5 2. METHODOLOGY 2.1 Study Site and Transit Authority……………………………………………………………………………….. 9 2.2 Description of Data…………………………………………………………………………………………………… 9 2.3 Text-Mining and Sentiment Analysis 2.3.1 Data Preparation……………………………………………………………………………………….. 11 2.3.2 Determining Most Frequent Words…………………………………………………………… 12 2.3.3 Sentiment Analysis……………………………………………………………………………………. 13 2.4 Open-Source Visualization and Mapping………………………………………………………………… 14 3. RESULTS AND DISCUSSION 3.1 Determining Most Frequent Words………………………………………………………………………… 16 3.2 Sentiment Analysis…………………………………………………………………………………………………. 17 3.3 Location-based Analysis…………………………………………………………………………………………. 19 4. CHALLENGES AND FUTURE WORK……………………………………………………………………………………. 24 5. CONCLUSION………………………………………………………………………………………………………………….… 25 6. REFERENCES……………………………………………………………………………………………………………………… 26 7. APPENDICES……………………………………………………………………………………………………………………… 29 Appendix 1: Final Python Script for Frequent Words Analysis Appendix 2: Results from 1st Round Data Cleaning and Frequent Words Analysis Appendix 3: Python Script for Sentiment Analysis using the NLTK Vader Module Python Script for Sentiment Analysis using TextBlob Appendix 4:
    [Show full text]
  • Peachtree Road/ Buckhead
    110 MONDAY THRU FRIDAY - DE LUNES A VIERNES l Times given for each bus trip from beginning to end of route. Read down for times at specific locations. Horarios para cada viaje de autobús desde el principio hasta el fin del trayecto. Lea los horarios para localidades específicas de arriba hacia a bajo. ño a p 110 s E n itsmarta.com / 404-848-5000 E Leave: - Salida: Arts Center Station Peachtree Rd. & Peachtree Hills Ave. Peachtree Buckhead Station Arrive: - Llegada: Brookhaven/ Oglethorpe Station Leave: - Salida: Brookhaven/ Oglethorpe Station Buckhead Station Rd. & Peachtree Hills Ave. Peachtree Arrive: - Llegada: Arts Center Station 2104 2021 - 4 3 2 1 1 2 3 4 24 WHEELCHAIR ACCESSIBLE Accesible para silla de ruedas NORTHBOUND - DIRECCION NORTE SOUTHBOUND - DIRECCION SUR METROPOLITAN ATLANTA RAPID TRANSIT AUTHORITY Rail Stations Served: Peachtree Road/ Buckhead Effective as of: 04- Arts Center Buckhead Brookhaven/Oglethorpe 5:15 5:27 5:38 5:45 4:20 4:31 4:41 4:51 5:35 5:47 5:58 6:05 4:40 4:51 5:01 5:11 5:55 6:07 6:22 6:31 5:00 5:11 5:21 5:31 6:10 6:23 6:38 6:47 5:20 5:31 5:41 5:51 6:25 6:38 6:53 7:02 5:40 5:51 6:01 6:12 6:40 6:53 7:08 7:18 6:00 6:12 6:25 6:36 6:55 7:08 7:23 7:33 6:20 6:32 6:45 6:56 7:10 7:24 7:39 7:49 6:35 6:47 7:00 7:14 7:25 7:39 7:54 8:04 6:50 7:02 7:16 7:30 7:40 7:54 8:09 8:19 7:05 7:18 7:32 7:46 7:55 8:09 8:26 8:36 7:20 7:33 7:47 8:01 8:10 8:24 8:41 8:51 7:35 7:48 8:02 8:17 8:25 8:39 8:56 9:06 7:50 8:03 8:17 8:32 8:40 8:54 9:09 9:19 8:05 8:19 8:33 8:48 8:55 9:09 9:24 9:34 8:20 8:34 8:48 9:03 9:15 9:29 9:44 9:54 8:35
    [Show full text]
  • The Transformation Alliance
    The TransFormation Alliance Strengthening Communities Through Transit The TransFormation Alliance is a diverse collaboration of organizations including, community advocates, policy experts, transit providers, and government agencies working toward a common goal to change how transit and community development investments shape the future, to offer all residents the opportunities for a high quality of life, linked by our region’s critically important transit system. Issues Driven People and Creative Placemaking Housing Choice and Transit Innovative Capital Equitable TOD Climate and Job Access Health Why It Matters Housing Cost Jobs Access 48% The percentage of income paid in 3.4% rent by City of Atlanta HH of jobs are accessible by a earning the lowest 20th 45 minute trip on transit. percentile. - Brookings Institute, 2016 Income Mobility 4% A child raised in the bottom fifth income bracket in Atlanta has just 4% chance of reaching the top fifth - Brookings Institute, 2016 MARTA links disparate communities The five highest median The five lowest median household incomes by MARTA household incomes by MARTA stop stop 1) Buckhead Station: 1) West End Station: $19,447 $104,518 2) Ashby Station: $21,895 2) Brookhaven-Oglethorpe 3) Oakland City Station: Station: $104,168 $23,000 3) East Lake Station: $97,037 4) Lakewood-Ft. McPherson 4) Lenox Station: $90, 766 Station: $25,236 5) Medical Center Station: 5) Bankhead Station: $26,168 $89,281 Station Area Typology Type A: • In/near major job centers • Improve job access Low Vulnerability + • Affluent
    [Show full text]
  • Annual Meeting
    2013 State Bar of Georgia Annual Meeting June 20-23 l Hilton Head Island, S.C. How does your firm face risk? Claims against attorneys are reaching new heights. Are you on solid ground with a professional liability policy that covers your unique needs? Choose what’s best for you and your entire firm while gaining more control over risk. LawyerCare® provides: Company-paid claims expenses—granting your firm up to $5,000/$25,000 outside policy limits Grievance coverage—providing you with immediate assistance of $15,000/$30,000 in addition to policy limits Individual “tail” coverage—giving you the option to cover this risk with additional limits of liability PracticeGuard® disability coverage—helping your firm continue in the event a member becomes disabled Risk management hotline—providing you with immediate information at no additional charge It’s only fair your insurer provides you with protection you can trust. Make your move for firm footing and call today. Call Ben Parks at 866.372.3435 for a free, no-obligation quote. Rated A (Excellent) by A.M. Best LawyerCare.com T urn to smarter tools for legal research. Visualize search results to see the best results Only Fastcase features an interactive map of search results, so you can see the most important cases at a glance. Long lists of text search results (even when sorted well), only show one ranking at a time. Sorting the most relevant case to the top might sort the most cited case to the bottom. Sorting the most cited case to the top might sort the ® most recent case to the bottom.
    [Show full text]
  • Leasing-Brochure-Midtown-Union.Pdf
    MIDTOWN UNIONSM BREATHES FRESH LIFE INTO URBAN DEVELOPMENT, uniquely connecting people, places and the Winner of the Atlanta arts with new paths. Arts Center Way, our Business Chronicle signature tree-lined, pedestrian-friendly 2019 Mixed Use thoroughfare, extends through the property Deal of the Year leading to and from specialty shops, restaurants, green office space, modern apartment homes, and a luxury boutique hotel. Getting here comes naturally, with easy access from Peachtree Street, I-75/85 and MARTA, or by car, on bicycle or on foot. WATCH THE VIDEO 2 // OVERVIEW ATLANTA — CENTER OF THE SOUTHEAST 6 MILLION population Hartsfield-Jackson International Airport is the #1 BUSIEST AIRPORT in the world since 1998 WITH 96 MILLION passengers annually 5 Fortune 500 global headquarters located in the metro area, ranking #4 IN THE U.S. Home to 14 FORTUNE 500 COMPANIES 3 // ATLANTA MARKET MIDTOWN AT A GLANCE 6.1 MILLION visitors annually 3,000 CULTURAL EVENTS annually and the largest concentration of cultural attractions in the Southeast 150+ RESTAURANTS AND SHOPPING EXPERIENCES 1.4 MILLION annual visitors to the Woodruff Arts Center 70,000 DAYTIME WORKERS and 25% of the city’s tech jobs 3 MARTA RAIL STATIONS 5 NOTABLE INSTITUTIONS in close proximity: Georgia Tech, Emory, SCAD, Georgia State University, and Atlanta University Center 2X THE NATIONAL AVERAGE in job growth 185 ACRES of recreation and fitness at Piedmont Park 4 // MIDTOWN MARKET A PLACE TO GROW YOUR BUSINESS 77% of residents within a 1 mile radius of Midtown UnionSM hold a The competition for talent is higher than ever, and BACHELOR’S a centrally located, well-designed office is a key DEGREE or higher recruitment tool to attract and retain the brightest minds in the Southeast.
    [Show full text]
  • Atlanta (Buckhead) | Georgia
    A MULTIFAMILY INVESTMENT OPPORTUNITY PRESENTED BY ATLANTA (BUCKHEAD)|GEORGIA ATLANTA The Darlington A Multifamily Investment Opportunity JLL is please to present for exclusive sale, grated retailers. Residents enjoy world class INVESTMENT HIGHLIGHTS The Darlington (“Property”), a 612-unit high- views of Midtown/Downtown skylines to the › rise centrally located on 7.47 acres fronting south, and Buckhead skyline to the north. Best of Region Employment Corridor Peachtree Street – the foremost economic › Bookended by Buckhead and Midtown’s corridor in the Southeast. This timeless main This offering is unique in that it offers multiple 220,000 Jobs on main location is further bolstered by its po- redevelopment options as well. The next own- sition in the uber high-end Brookwood Hills er will have the opportunity to redevelop the › Top of Region Demographics full 7.47-acres into a mixed-use community, or neighborhood – one of Atlanta’s oldest and › $130,000+ Avg HHI & $840,000 Avg most coveted – with the majority of homes subdivide and sell the excess land. As relates Home Value in ¼ Mile Radius costing over $1,000,000. The Property offers to the latter, the next owner could carve out immediate proximity to Atlanta’s largest office not only a 1-acre outparcel fronting Peachtree › Top of Region Schools markets including Midtown and Buckhead, Street zoned for medical or commercial use, › while providing residents walkability to all but also develop a 3.5-acre back parcel with #3 ES, #2 MS, #4 HS in Atlanta lifestyle activities. With a signalized ingress/ zoning that allows for multifamily development egress point shared with the distinguished that is entitled to accommodate approximate- › Top of Region Connectivity Piedmont Hospital and the Shepherd Center, ly 180-275 new multifamily units.
    [Show full text]
  • Suggestions for Exploring Atlanta on Your Own
    Suggestions for Exploring Atlanta on Your Own Atlanta CityPASS You can purchase a CityPASS that gets you admission to multiple attractions at a discounted rate. A CityPASS allows you entrance to: Georgia Aquarium Inside CNN Studio Tour World of Coca-Cola Zoo Atlanta OR Center for Civil and Human Rights Fernbank Museum OR College Football Hall of Fame A CityPASS is $73.25 for adults and $59.35 for children ages 3-12. You can find additional information here http://www.citypass.com/atlanta Arts: High Museum of Art: Visit the South’s leading art museum! Discover both classic and modern artists such as Monet and Rothko, and the celebrated architecture by Richard Meier and Renzo Piano (Closed on Mondays). http://www.high.org/ During the MBACSEA conference there will be an Eric Carle exhibit http://www.high.org/Art/Exhibitions/Eric-Carle . The exhibit will feature more than 80 of Carle’s signature collages from 15 of his most popular books that span his nearly 50- year career, including many original works rarely on view. He is the creator of ”The Very Hungry Caterpillar”. There will also be an exhibit on the history of sneakers http://www.high.org/Art/Exhibitions/Sneaker-Culture Transportation: Parking deck is $10 from 7am to 5 pm on weekdays. The High is located directly across the street from the MARTA Arts Center (N5) station. Exit the station at the top level and follow signs to the Museum. Cost: $19.50 for an adult’s ticket. Michael C. Carlos Museum: Located on the beautiful campus at Emory University, the Carlos Museum features an exquisite collection of Ancient American, African, and Classical art.
    [Show full text]
  • Buckhead Station Profile
    STATION ESSENTIALS BUCKHEAD STATION o Transit Oriented Development d e t h AREA PROFILE e Area Demographics at 1/2 Mile e Population 2012 3,010 n % Population Change 2000-2012 68% Daily Entries: 3,417 t % Generation Y (18-34) 19% r ParkingDaily Entries: Capacity: 0 3,417 % Singles 58% a Parking 3360 Peachtree Road NE Housing Units 2,111 Parking Capacity: 0 Utilization: N/A n Atlanta, GA 30326 Parking Housing Density/Acre 4.2 c Buckhead Station is a heavy rail rapid transit facility located on StationUtilization:* Type: AtN/A Grade e MARTA's Red Line in Buckhead north of downtown Atlanta. % Renters 43% TotalStation Land Type: Area N/AAt Grade The station sits in the median of Georgia 400, a limited access % Multifamily Housing 69% t state highway. There is a station entrance on either side of Median Household Income $101,032 Total Land Area N/A o Peachtree Street where the street bridges the highway. Buck- head Station provides rapid rail service to major destinations % Use Public Transit 4% Weekly Daily Entries including Midtown (12 minutes), Downtown (16 minutes), and Business Demographics 3,417 B Hartsfield-Jackson International Airport (32 minutes). 2,537 2,786 a Employees 35,826 n MARTA’s adopted Transit Oriented Development (TOD) Guide- Avg. Office Rent Per SF $25.01 lines classify Buckhead as an Urban Core station. The Guide- Avg. Retail Rent Per SF $41.36 k lines define Urban Core stations as “…metropolitan-level desti- h nations, at or near the center of the transportation system, Avg. Apartment Rent (1-mile) $1,567 e where peak hour congestion is most challenging and where FY13 FY14 FY15 a the region’s highest transit and pedestrian mode shares (i.e., Sources: Bleakly Advisory Group, 2012.
    [Show full text]
  • Prime Buckhead Village Property 505 Pharr Road NE, Atlanta GA 30305
    Prime Buckhead Village Property 505 Pharr Road NE, Atlanta GA 30305 O F F E R I N G M E M O R A N D U M Prime Buckhead Village Property CONTENTS 01 Executive Summary Investment Summary 4 Location Summary 5 02 Property Description Property Features 7 Aerial Map 8 Parcel Map 9 Site Plan 10 Common Amenities 11 Unit Amenities 12 Property Images 13 03 Demographics Demographics 18 Demographic Charts 19 3290 Northside Parkway NW, Suite 200 Atlanta, GA 30327 Exclusively Marketed by: Shawn Daugherty Josh Reeves Debra Dent (678) 429-4665 (404) 547-3622 (678) 521-2286 [email protected] [email protected] [email protected] We obtained the following information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent the current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. Prime Buckhead Village Property | Executive Summary 01 Executive Summary Investment Summary Location Summary PRIME BUCKHEAD VILLAGE PROPERTY ................................................ Prime Buckhead Village Property Investment Summary | 04 OFFERING SUMMARY ADDRESS 505 Pharr Road NE Atlanta GA 30305 COUNTY Fulton BUILDING SF 62,244 TOTAL SUITES 88 LAND SF 82,600 SF YEAR BUILT 1990 APN 17-0060-0008-073-0 OWNERSHIP TYPE Fee Simple FINANCIAL SUMMARY OFFERING PRICE $12,200,000 PRICE PER KEY $138,636 PRICE PSF $196.00 1.89 AC of prime property offering expansive downtown skyline views in the Buckhead Village, and buffered by the 12 AC Frankie Allen Park.
    [Show full text]
  • The Buckhead Club Is Located at 3344 Peachtree Road (Sovereign Building), Directly Across the Street from the Atlanta Financial Center
    The Buckhead Club is located at 3344 Peachtree Road (Sovereign building), directly across the street from the Atlanta Financial Center. The Club is located on the 26th floor, accessed by the high-rise elevator bank – look for our logo! Members and Guests will be able to conveniently access the Club from three points of access: Peachtree Road, Piedmont Road and the Lenox Loop. A self-park deck is accessible at all times and you may obtain parking validation at the Reception Desk of the Buckhead Club. Valet services are available after 11:00am and are also eligible for validation at the Club. Driving Directions: From South/Downtown (75/85 Northbound and 400 Northbound), access from Peachtree Road: Make your way north on I-75/85, splitting onto I-85 northbound (left lanes at the split). Exit onto GA 400 Northbound. Exit at the Buckhead/Lenox Loop. At the exit ramp, bear right and follow the signs to Peachtree Road Southbound. At Peachtree Road, turn right at the Ritz Carlton. Travel through three traffic lights, turning right at the fourth light onto Tower Place Drive (turn just after the red awnings of Bistro Niko Restaurant, located on the ground floor). The Sovereign motor lobby will be on your right. From Midtown, access from Piedmont Road: Heading north on Piedmont Road, travel across Peachtree Road. After passing the Terminus building access, you will turn right at the light onto Tower Place Drive (directly across from the Peachtree Piedmont Cross Shopping Center/“Disco Kroger”) and come to the stop sign (3 way stop).
    [Show full text]