100 6th Street Breaks Ground Thursday
The $63 million Midtown apartment high-rise immediately creates hundreds of temporary construction jobs and will result in 80-100 long term positions once the 23-story, 320-unit mixed-use project is completed.
Novare Group and Batson-Cook Development Co. broke ground Thursday morning on a second environmentally friendly 23-story, 320-home luxury high-rise apartment community in Midtown.
The $63 million high-rise 100 6th Street follows SkyHouse Midtown, which opened this month at the corner of West Peachtree and 12th streets. 100 6th Street will stand behind the existing 36-story Viewpoint condo tower.
100 6th Street, which will be built along Juniper Street, will have floor-to-ceiling glass, wood floors, granite countertops, and other features for which Novare Group has been known since the delivery of Metropolis in the summer of 2002. Similar to SkyHouse Midtown, 100 6th Street will have a “house” on the 23rd floor 230 feet above street level complete with a pool, lounges and fire pit.
The development will be environmentally sustainable and ENERGY Star certified. The project is also another economic catalyst for the city and will immediately create hundreds of temporary construction jobs and result in 80-100 long term positions once completed while also enhancing the City’s tax basis.
An investor account advised by the U.S. real estate business of UBS Global Asset Management is providing construction and permanent financing for the project, and NGI Investments, LLC, led by Jim Borders, and Batson-Cook Development Company are providing equity.
“Midtown Atlanta is a long-time and familiar market to us, with our first development here being Peachtree Lofts in 1995. Seventeen years later and one block south, we are continuing our commitment to one of the best urban neighborhoods in the southeast. We like it, our residents really like it, and it is just a great place to live, work, or do both,” said Novare Group President Borders.
“Our collaboration with Batson-Cook Development Company, UBS Global Asset Management, and Invest Atlanta has worked very well, and we are all pleased to be continuing to add to the Atlanta skyline, in this instance with an affordable component that we hope will attract police officers, firefighters, and teachers to the mix."
The city’s economic development arm, Invest Atlanta, announced last month the approval of tax abatements worth about $3 million for the project that is expected to be completed by late 2013.
Invest Atlanta Director of Business Development Dr. Eloisa Klementich said the mixed-use development was a winner all the way around for those who like to live, work and play in the community. “We’re focused on bringing projects that are really going to continue to drive the economic vitality of the community and really the job growth aspects,” said Klementich, who said the construction portion would generate “about $18 million of new economic output” for Midtown.
She added that when completed, the retail component of the project would within about 10 years generate an economic output of about $3.5 million for Midtown. “These are the type public-private projects where the community wins, the company wins and the city wins.”
Batson-Cook Development Co., Director of Investments Mark Stewart stressed the team approach of the project.
“By leveraging our relationships with parent company Kajima USA and sister company Batson-Cook Construction, we are bringing a new and lasting methodology to product delivery and an alignment of interests that is a powerful formula for success,” Stewart said.
Smallwood, Reynolds, Stewart, Stewart is the architect and Batson-Cook Construction, sister company of Batson-Cook Development Company, is the general contractor.
"You’ll be able to come out of the building and walk 400 feet and be on the southern portion of the Midtown Mile," Borders said. "It’s one of the most walkable mix-use neighborhoods in the Southeast. … You can walk to Starbucks in one minute. You can walk to Technology Square in four minutes. You can walk to the Fox Theatre in five minutes. You can walk to the Varsity in eight minutes. You can walk to Bobby Dodd Stadium and Grant Field in 10 minutes, and I can’t for the life of me understand why anyone would ever want to live anywhere else in the whole world but on this spot."
John Sarine
1:04 pm on Friday, February 1, 2013
I dig that photo
KamdenATL
1:05 pm on Friday, February 1, 2013
I'd be interested in hearing what Novare is planning on doing to fill up all the vacant retail spaces currently at Viewpoint. Are there plans to convert either 6th Street or 7th Street to 2-way traffic? It's very difficult to attract retail tenants when a business has to rely almost solely on foot traffic (even in Midtown). Access to the Viewpoint parking structure is very difficult, since you have to drive 1 block north past the building on Peachtree, turn right onto 8th Street, then drive 2 blocks south along Juniper just to park! It would be nice to see some exciting additions to the retail mix along Peachtree in this part of Midtown.
JEFFREY
11:03 am on Saturday, February 2, 2013
I heard from a reliable source that there are lots of retail activities going on which obviously has not been finalized. The list includes Apple (yes, Apple), grocery store (something like Whole Foods), a dentist office.
I also heard that 7th street will be two way street when all done.
Starbucks will move into Viewpoint retail section or be in retail section of a new apartment building which will come in where Starbucks is now and where the Neel Reid building was. There may be a pocket parking behind the Sprint to make easy parking.
I'm not sure how much of what I heard would come true, but I pray for Apple.
Wavie Davie
1:05 pm on Friday, February 1, 2013
Um, why? Why do we need another high rise in Midtown? Is there a housing shortage? "Dozens" of temporary jobs will go to skilled and semi-skilled construction workers, who have been pretty busy this year already. An "environmentally friendly" 23 story building? I do not think you understand what those words mean. a "park" is environmentally friendly, dude.
Forget all this fluff and say "we want to make even more obscene amounts of money off Midtown than days past." Hell, at least it would be honest.
Urbanist
10:22 am on Tuesday, February 5, 2013
Let me help - There are these things called cities. A City can be described as the entity that embodies innovation, progress, economic growth, cultural expansion, and social advancement. In order to do these things a city needs people, and guess what people need - places to live! So while you might be ok living in a rut of mediocrity, most others are not. Instead of criticizing the densification of our city, they welcome it. Oh, and by the way, there's a pretty nice park about 200 yards from this site.
Wavie Davie
1:05 pm on Friday, February 1, 2013
Also, isn't that photo from a construction site. Doesn't OSHA require helmets and steel toe footwear on the job site? I smell fines coming for that perfectly coiffed photo op. Black suits with shovels, LOL.
CL
1:51 pm on Saturday, February 2, 2013
OMG! Apple store.....wow! I hope it's here before iPhone 6. There will be no need for Starbucks....we can all hang out at the cool Apple store.
Wavie Davie
6:57 pm on Saturday, February 2, 2013
if you walked 2.5 blocks to the west of that site, you will find a spiffy Apple Store located at Spring and 5th.
A "real" Apple store, not a kiosk, btw.
Why do people not understand that there really is civilization west of Glass Box Canyon?
Urbanist
10:24 am on Tuesday, February 5, 2013
As much as I enjoy seeing the city of Atlanta build up and try to become a real city of the future, I hate that it's at the hands of Novare. Their product is the mid-rise equivalent of a slapstick subdivision in the burbs, and will eventually leave Atlanta's skyline looking outdated, drab, and uninspiring.
Dan Armstrong
11:19 am on Tuesday, February 5, 2013
@Wavie Davie.....the one thing I hate is "misinformation"....as much as Id like an APPLE store at Spring and 5th THERE IS NONE
Wavie Davie
12:12 pm on Tuesday, February 5, 2013
Look in the Barnes & Noble at the southwest side of the building. There is a fully authorized Apple Store there. Has been for years. Why is a 'stand alone' store different from what you can obtain there?
Gee Dan, do I have to take you hand and walk you there?
Wavie Davie
12:16 pm on Tuesday, February 5, 2013
@ urbanist. Let me introduce you to the concept of over-development.
Do you REALLY think that neighborhood NEEDS more 'places to live'?
Does it REALLY need more retail?
No and no. Your position has no bounds for growth. Urbanists like you would prefer the high rises to single family units. Because...PRETTY!
Please.
Tyler Blazer
2:55 pm on Tuesday, February 5, 2013
Actually the neighborhood DOES need more places to live. There is a demand in this area as given proof from the pre-leasing numbers for Skyhouse & 77 12th Street among other projects in the area there has been an increasing demand for rental units in Midtown. Also this property is ZONED for density. It would be too expensive not to mention economically challenging to build single family dwellings on a property like this.
Urbanist
10:35 pm on Tuesday, February 5, 2013
Do I really think the city of Atlanta needs more residences for the influx of people who want to / may want to live in the city? Yes. you'd be an idiot if you didn't think so, and I'm fairly certain the occupancy of the building, once built will testify to that.
Does it really need more retail? Absolutely. You know, an expansionary retail presence signifies economic growth, right? It also means more development, which means more tax dollars, which means (theoretically) improvement at the municipal level.
My position has plenty of boundaries for growth....just not in a place that's underdeveloped. Simple minds come to simple conclusions, but thanks for sharing...
Dookie Doo
10:12 am on Wednesday, February 6, 2013
@urbanist, I think we should wait until all the retail space in viewpoint is filled before harking about midtown needing more retail space.
Urbanist
3:31 pm on Wednesday, February 6, 2013
@ Dookie - short-sighted as usual. That's clearly a sign of the leasing rep, and not the demand. Look at the leasing activity going on in 12th & Midtown right now....they're filling spots left and right. Novare isn't very good at what they do...that doesn't have anything to do with the market.
Dookie Doo
4:03 pm on Wednesday, February 6, 2013
Novare no longer owns or manages the retail space at viewpoint. They sold it allong with the parking garage in mid 2012.
Urbanist
5:22 pm on Wednesday, February 6, 2013
What's your point - Novare isn't very good at what they do, and clearly the new owner isn't either. Still has nothing to do with the market, like you suggested.
Dookie Doo
3:03 pm on Thursday, February 7, 2013
You just can't admit when you're wrong can you. Everybody here knows that Peachtree south of 10th is considered low rent compared to north of 10th. It doesn't matter who manages the viewpoint retail, no first rate retailer wants to be there. Your simple minds chalks it up to poor management from both novare and the new company. I chalk it up to your ignorance and uninformed opinions which mean nothing in the grand scheme of things. Wise up and you might get somewhere in life. ;)
Dan Armstrong
12:48 pm on Tuesday, February 5, 2013
@Wavie Davie....thanks....I had no idea, I spoke with Barnes and Noble and you are correct, except no genius bar, but a tech there ! preicate it.
Tyler Blazer
2:57 pm on Tuesday, February 5, 2013
Best Buy is an authorized retailer of Apple products but that doesn't by any means justify it as an Apple Store.
Wavie Davie
7:53 pm on Tuesday, February 5, 2013
@ Dan, thanks, that is what neighbors are for! :)
@ Tyler: Apple sub leases 1/3 of the B&N floorspace, and have their own cashier who works for Apple, not B&N. Up to a few years ago, the Apple store took much of the 2nd floor of the building.
Not quite Apples to Apples in comparison. :D
JustinK
8:44 pm on Tuesday, February 5, 2013
They sell Dells & Lenovos there too...it's not an Apple Store nor has it ever been. It's a GT owned/licensed reseller. Try finding it on the Apple site as a store listing.
Or visit:
techstuff.gatech.edu/
Wavie Davie
9:32 pm on Tuesday, February 5, 2013
@Justin: contamination by windows machines AND books AND coffee?
*horrors* Can't have that at an "Apple Store"!
*eyeroll*
You can still buy or order anything Apple there. It is an Apple Store where Apple things are sold. Why is an 'exclusively Apple' box of walls, floor and ceiling so superior to what Go buy an Apple *anything* there and prove me right.
Your position is to build the big box, so you don't have to look at books or Dells? It even LOOKS like an Apple Store in there. It's a store where you buy Apple products and get tech support just like at Lennox.
*suspicious eye* do you work for Lennox Mall?
JustinK
5:19 pm on Wednesday, February 6, 2013
Except you can't...they don't sell 1/2 of the product line. If your iPhone camera dies, iPad cracks, or your Mac goes on the fritz(have dealt w/ all of these) they'll take it and mail it to an Apple repair depot at best and you'll see it in a few weeks. Yes, you can buy Apple anywhere (I prefer online) but you can't get it serviced just anywhere esp while under warranty. They carry only a subset of items and can't do on the spot replacement like Apple can. The differentiator isn't the pile of expensive Apple stuff or the prices but the fact that Apple will pull something off the shelf when your first two iPads won't hold a wifi connection (I've had this happen). The Dell folks will show up next business day and fix my laptop in my condo but good luck getting a warranty repair from the B&N.
I don't work for Lenox but I've wasted enough time dealing w/ mall traffic and the Genius bar queue to know the benefits of having an actual store nearby. I'm not a fan of Apple products for the most part but if you have an Apple store nearby, the service aspect is vastly improved.
Wavie Davie
8:45 pm on Wednesday, February 6, 2013
@JustinK: You have pretty much proven my point during our banter and repartee. This is confusion: what makes you think the words "Apple Store" in the article, out of the lips of a corporate spokesperson means the same type store as the Lennox store, or the Tech Square store? We just went through several rounds of what they have yet to define.
If on requires an Apple cord or device in Midtown, you can go North to Lennox (ugh) or you can go to Tech Square (Tech students have no convenient electronic box store that carries same cords and devices). If you require on-the-spot replacement, then by all means, go to Lennox.
But I speculate you will NOT get in this building project what you get at Lennox, rather, more like Tech Square.
Be well.