Midtown Crane Watch

May 25, 2018

Midtown Crane Watch

The Birds of Another Kind of Paradise

When the number of projects under construction increases from 18 to 23 within the 1.2-square-mile center of Atlanta, the only way to go is up. And the condos for sale in Midtown Atlanta have an exceptional view. In fact, crane-watching is a longtime diversion in our busy midtown, and the watching has never been better, which suits Atlanta fine. The impact of this vitality on the value of Midtown Atlanta real estate is, obviously, significant to say the least. And the pace of this development is typical of Atlanta’s progress throughout the city’s history. About half of these 23 projects are expected to come onstream before 2018 is over.

A fantastic, interactive tour, in the form of a spotted map published by Atlanta’s Midtown Alliance, links to profiles of each of the buildings going up. Here are just a few examples:

Portman Holdings is erecting Coda, a computing centerwhere technology companies, from Fortune 500s to startups, can collocate in the orbit of Georgia Tech’s engineering and computer science ecosystem. As a cornerstone of Midtown Atlanta’s Technology Square, Coda offers 720,000 square feet of office space, serviced by 72,000 square feet of retail space, adjacent to a huge data center.

An additional 300 hotel rooms to serve the increase in coming and going that will result from these further developments in Midtown Atlanta will be provided by the dual-branded AC/Moxy hotel building. Both of these are Marriott brands, and the AC Hotel Midtown is rising 10 stories to face 14thstreet, while the Moxy Hotel, Marriott’s new brand for Millennials, will occupy five floors on 13thStreet, above a six-floor parking facility.

And typical of Atlanta’s blend of all-new and repurposed construction, Parkside Partners is completely renovating a 1960s vintage commercial structure at 16th& West Peachtree, to become the new home of worldwide flooring manufacturer Interface.

Midtown Atlanta real estate steadily gains value because of investments like these.