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Where Retailers Go Shopping ATLANTA WORLD SHOWCASE & GOVERNOR’S INTERNATIONAL AWARDS Top 10 Honoring Atlanta’s foreign-owned international business leaders. subsidiaries 6B SPECIAL SECTION • SECTION B October 3-9, 2014 56 PAGES • $2.00 City in talks for Underground deal BY MARIA SAPORTA AND AMY WENK [email protected]; [email protected] tlanta Mayor Kasim Reed is in the midst of negotiating a deal with a BYRON E. SMALL A potential buyer who would trans- From warehouse to movie studio: form Underground Atlanta into a high- Eagle Rock’s warehouse in Stone density development above ground. Mountain is now used to produce “I think we will make an announcement TV shows. about Underground before Dec. 1,” Reed said after the Sept. 26 meeting of the Atlanta Committee for Progress. “And I think we WAREHOUSE Center for will be talking about an investment in the $100 million to $250 million range.” Leadership As described by Reed, the concept being OWNERS JUMP Urban Land Institute considered is “to create a customer base” Atlanta training for Underground through the density of the INTO MOVIE BIZ tomorrow’s leaders. development above ground. “Th e vision is to turn Underground into BY ELLIE HENSLEY INDUSTRY FOCUS: [email protected] COMMERCIAL REAL ESTATE a residential living room,” Reed said, add- URBAN LAND INSTITUTE ing that the plan would be to “keep most” of tl anta is getting another big fi lm what is now known as Underground. production studio, less than a “It would have a diff erent feel,” the mayor JOANN VITELLI mile away from developer Jim Mayor Kasim Reed: Hopes to make an A Jacoby’s planned studio in Gwinnett CONTINUED ON PAGE 21A announcement before Dec. 1. County. When it opens March 31, Eagle Rock COVER STORY Studios’ Atlanta facility will have four 30,000-square-foot sound stages under one roof — more space in a single building than any other studio in metro Atlanta. Th e studio isn’t owned by a devel- oper or Hollywood bigwigs. It is a venture of Eagle Rock Distributing Co., a second-generation family-owned The Insider beverage distributor that serves 19 Jason Carter and CONTINUED ON PAGE 25A Gov. Nathan Deal at Nobel Peace Summit STRATEGIES kickoff gala. • 8A © American City Business Journals - Not for commercial use BYRON E. SMALL BYRON Where retailers IN SEASON go shopping Employers turn to seasonal workers in busy times, Many Atlantans have never heard of look for exceptional talent AmericasMart. But it’s kind of a big deal. to hire permanently. STORY BY Amy Wenk, 22A 33A-42A OCTOBER 3-9, 2014 ATLANTA BUSINESS CHRONICLE 27A INDUSTRY FOCUS: COMMERCIAL REAL ESTATE: ULI Contact Industry Focus Editor Lisa R. Schoolcraft at [email protected] Center for Leadership URBAN LAND INSTITUTE ATLANTA TRAINING TOMORROW’S LEADERS BY RANDY SOUTHERLAND big trends that shape the industry. themes of ULI,” said this year’s chairman, Contributing Writer Despite the time requirement, which Matt Mason. include an outside project, and cost (tui- In addition to classes, the group n an industry as big, diverse and tion ranges from $2,000 to $2,500), the forms teams that tackle projects called a complex as Atlanta commercial real program has no trouble attracting appli- mini-Technical Assistance Panel (m-TAP). Iestate, it can be hard to get a handle cants. Organizers have to winnow down Th ese eff orts focus on providing assis- on just how it all works. Ensuring that the list from 75 or more to just 36 for this tance and recommendations for a local the city’s young real estate profession- year’s class. Participants see the program organization. als don’t lose track of the big picture is as a boost for their careers and path to “You spend 100 hours together over the mission of the Urban Land Institute making themselves more valuable to their the course of the year and for any group, Atlanta’s Center for Leadership. employers. doesn’t matter what you’re doing, that cre- Now in its sixth year, the center is “I started asking myself two years ago ates a bond,” Mason said. “It creates a deep still giving real estate professionals the what I wanted to do next and what do understanding of the subject material. In big picture. Th is nine-month program I love to do,” said 2013 alumnus Terri applying to be a member of the class, I takes 35 up-and-coming leaders from a Lee, deputy commissioner of planning though it an opportunity to learn and variety of real estate-related industries and development for the city of Atlanta. to get to know a group of my peers that and immerses them in the big ideas and “What’s next wasn’t leaving the city of would likely be working together in the trends shaping the industry. Th e goal is to JOANN VITELLI Atlanta. It was ‘what could I off er the city world of real estate for a long time.” learn how to work together to promote Matt Mason and Michael Phillips help to make an impact?’ ” Th e center is not the traditional lead- responsible development of the area. lead ULI’s Center for Leadership. After 15 years in the public and non- ership program, according to Lee. “It gives you a holistic understanding profi t sector, Lee saw the program as a “You’re not going through a class where of what a real estate venture involves,” meet in monthly daylong sessions way to gain a greater understanding you’re learning all theoretical leadership said 2015 co-chair Michael Phillips, dedicated to a particular aspect of of how development really works. She principles. Th at’s not what it’s about,” she marketing manager at FrontDoor Com- the industry. Each meeting covers a gained an in-depth knowledge of the said. “It’s a practical, hands-on experience munities LLC. “What often happens is we, diff erent area, such as regionalisms and process and what it takes to make deals in understanding the leadership princi- as professionals, focus on the one part of infrastructure, the development process work for the private sector and public ples it takes to be successful in making the project we’re involved with. We’re not and capital markets, design and con- interest. change within your environment. One of totally aware of all the moving parts that struction. Woven into the program are “You get a chance to work with folks it takes to bring a project to fruition.” concepts like sustainability, regionalism, that are like-minded and you’re learn- CONTINUED ON PAGE 30A During the program, participants public/private partnerships and other ing about concepts that are around the OPENED SEPT. 18 Buckhead Atlanta ULI Project of the Year BY TONYA LAYMAN R BUCKHEAD ATLANTA Contributing Writer Buckhead Atlanta, which Location: Buckhead fter being stalled for many years opened Sept. during the recession with a gaping Scope: More than 1.5 million square 18, is a massive hole and idle cranes in the mid- feet, comprising six city blocks A redevelopment dle of Buckhead, the reimagining of the Developer: OliverMcMillan of the former recession-derailed Streets of Atlanta into Buckhead Village Buckhead Atlanta became a reality with © American City Business Journals - Not for commercial use area. the Sept. 18 opening. “Adapting the existing construction Th is project turned around when San SPECIAL from the original design concept to incor- Diego-based developer OliverMcMillan porate that new program and refl ect the purchased the land and started devel- new architectural vision was the greatest oping Buckhead Atlanta, named Urban design challenge for SRSSA on the proj- Land Institute Atlanta’s Project of the ect,” Van Duys said . Year, into an upscale, mixed-use devel- fi nancing and then restarting construc- contemporary architectural elements. Use Helping make this deal possible opment featuring 275,000 square feet of tion midway through development rather of lush, mature landscaping brings scale fi nancially, PNC Bank, Regions Bank, retail, restaurants and cafés, more than than ground-up,” said OliverMcMil- and precision to each street junction and CIT Finance LLC and SunTrust Bank all 125,000 square feet of luxury offi ce, and lan Managing Director of Development blends with the existing environment. served as equity partners. approximately 400,000 square feet of Hunter Richardson. “Th ese combined Those charged with designing the Richardson said it was OliverMcMil- high-rise residential. efforts have led to Buckhead Atlanta project include architects at Gensler, lan’s intention to design a district that “There were numerous challenges being 80 percent committed in terms of Pappageorge Haymes and Smallwood, will thrive in the heart of Buckhead for along the way with Buckhead Atlanta, commercial space and off to a strong start Reynolds, Stewart, Stewart & Associ- the next 100 years. starting with defi ning the right deal struc- with residential leasing.” ates Inc. Hoerr Schaudt served as the “We engaged four architecture fi rms ture to resuscitate the project, analyzing With the fi rst fi ve retail stores open- landscape architect. so that our buildings would fi t into the the existing structure to determine how ing last month, a plan is in place to open Jim Van Duys, associate with Small- existing fabric of Buckhead and look like it could be reused and repurposed, repro- a store or restaurant every week through wood, Reynolds, Stewart, Stewart & they were developed over time and drawn gramming and redesigning the develop- the end of the year. Associates (SRSSA), said when Oliver- by diff erent hands,” he said. “W e’re proud ment, rebranding it and launching new By balancing the pedestrian expe- McMillan took over the project in 2011, it of the redevelopment of the Buckhead leasing initiatives after multiple years rience with automotive convenience, brought a new vision and new program Village for its walkability, mix of uses and of marketing, attracting construction Buckhead Atlanta uses traditional and to the development.
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