CRANES COMING BACK?

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.)
 
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.?
 
 
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 . . .

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

Furniture Outlet The Dump Is Getting Dumped In Atlanta

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Thor Equities Plans $1B Data Center In North Georgia: The Atlanta Deal Sheet

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Solar Projects In Georgia Meet Local Backlash As Data Centers Drive Demand For Power

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient

Sixers And Flyers Unveil Renderings Of South Philly Arena Due In 2030