News
CRANES COMING BACK?
June 29, 2011
| One of Midtown's bigger landlords says the neighborhood will have cranes by this fall. Kim King Associates ' Beau King tells us he fully expects to see new high-rise multifamily development. (We're excited, of course, because the return of cranes means the return of Spiderman.) | |||
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| We caught up with Beau, right, with Regent Partners' Keith Mack during the joint AIA, Green Scene, and Circle of Trusts' Summer Social at OPERA. ?No new condo or high-rise apartment product has hit this market in two years,? Kim says. Given a 20-month average build-out, developers are vying to be the first out of the ground. (This certainly rings true, given Daniel Corp's Steve Baile recently said his company hopes to move forward with a high-rise apartment complex at 12th and Midtown.) Beau, who's father—the late Kim King—built the Centergy mixed-use project and helped Georgia Tech's campus expand over the connector, is less optimistic about office. ?Unless we get Sears who's looking for a million square feet … I can't see a catalyst that will kick off a project.? | |||
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| We also got to welcome back an up-and-coming CRE pro who just finished graduate studies. We snapped Clemson University's Travis Rice, Atlanta Housing Authority's Marissa Williams, Project REAP's Jonathan Moore, Shaunda Beauman, Keith, and CBRE's Brian Day. Brian, who previously directed research at Ackerman & Co, just finished his degree at Columbia U and has now joined up with CBRE in Atlanta. Welcome back to the same old place that you laughed about . . . |
