South Midtown Bustling with Major Construction
Work begins on a 280 apartment mixed-use project near Juniper and Ponce de Leon avenues, while developers are ready to begin building the Georgia Proton Treatment Center across the street.
The sites and sounds of construction are going to be even more prevalent in south Midtown in the days ahead.
Last month, work began on 131 Ponce de Leon Avenue, a 280 apartment mixed-use project on a 2.5-acre property bounded by Juniper Street, and Ponce de Leon, North and a portion of Piedmont avenues. The site — located at 131 Ponce — sold last year for $6.5 million and includes the entire block except for St. Paul's Presbyterian Church, which was once home to the well-known Abbey restaurant.
The property includes famed architect I.M. Pei's first office building, the former Gulf Oil Building, which most recently had been used as office space by small businesses and architects.
The buyer was a joint venture between Sereo Group and Faison Enterprises Inc. and the Charlotte, N.C. headquartered firms are now constructing a $50 million project that will include 3,800 square feet of street front office space. The garden-style apartments will incorporate two levels of concrete podium with four stories of wood frame construction above.
About 80 percent of the apartments will be studios or one-bedrooms while 393 internal parking spaces will not be visible from the street.
About one-third of the "Pei" building near the intersection of Ponce and Juniper will be retained/restored and will include many of the project's amenities including a leasing office, fitness club, pool, lounge and business area.
And to the west across the street, ground will very soon break on a state-of-the-art, $225 million, 115,000 square-foot cancer-treating proton facility on a 2.39-acre property bounded by Peachtree St., North Ave., Juniper St., and Ponce de Leon Ave.
The Georgia Proton Treatment Center at 615 Peachtree St., the state’s first proton therapy facility and just the 10th in the country, is a joint venture by Emory Healthcare and Advanced Particle Therapy, LLC of San Diego. When completed, it will employ approximately 110 professionals and treat around 1,900 patients annually.
It will feature five treatment rooms, four with 270-ton rotational gantries that will be positioned along Juniper. The service vehicle entrance will be on North while another entrance, which will lead to an interior 180-car parking lot, will be positioned on Ponce.
The main pedestrian entrance to the project will be at the corner of Peachtree and North with retail space stretching along portions of Peachtree - the only retail space offered in the plans.
It is expected to take about three years to build and open, utilizing as many as 300 on-site construction workers.
And in addition to these two projects, ground broke last month a few blocks to the north on the $63 million high-rise 100 6th Street, which will feature 320 apartments and 11,500 square feet of retail in a 23-story tower situated between Juniper and Peachtree streets.
Busy building in the area for sure.