A Midtown Rebuttal

Leave it to Midtown Alliance to rebut our story from yesterday. We heard from Midtown Alliance CEO Kevin Green (here with his 12-year-old daughter Maris on a recent trip to NYC) after we called Midtown "the new bedroom community" of the Intown area. He says that headline "gave me a double-take." "When I think 'bedroom community' I don't think of a place with more than 20M SF of office, 80,000 daytime workers, 25,000 students, 4,000 hotel rooms and six million annual visitors." (Wilt Chamberlain's bedroom?) Bedroom communities are usually reserved for suburban cities where people live, and who often commute to work elsewhere. While Kevin says, yes, Midtown does have a burgeoning residential component, it instead has become the poster child for live-work-play urban environments.

His response comes at a great time because Midtown Alliance COO Shannon Powell is a featured panelist at Tuesday's 2nd Annual Future of Midtown event at TWELVE Hotels Atlantic Station (get your tickets here). Kevin says with more than 750 new rooftops underway and another 4,400 announced in Midtown, retail will be the next significant product in demand. So far, developers will include 250k SF of new retail space as part of many of these projects. "But it won't get built overnight, and we'll see exactly what the mix will be," he says.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

Pace Of NYC Housing Construction Plunges As Developers Play Small Ball

Alliance Building Houston-Area Complex Amid Declining Multifamily Construction

PMC Proposes 31-Story Apartment Building In Center City West

Jemals Sell Georgetown Building To Developer Planning Conversion

How Will Opportunity Zones 2.0 Impact Seattle? One Expert Weighs In

After Departing Trump Admin, HUD's Former Philly Head Joins Local Planning Commission

Cross Ocean Partners, Fuller Realty Acquire 829K SF Houston Office Campus

Investors Anchor Big Capital Into Marinas, Betting On Shallow Supply

Developers Eyeing Dallas' 50-Mile Trails Loop For Uptown-Like Opportunities

Sandy Springs Shopping Center Gets Incentives For Major Overhaul: The Atlanta Deal Sheet

Developers Line Up To Convert Boston Offices To Housing, But Most Still Stuck At Starting Gate

NYC Office Investor Warns It Could Go Under As Defaults Pile Up