MIXED-USE LAND. High Density Zoning (MRC-3) in Atlanta, Georgia. +/- 11 acres

Transcription

1 MIXED-USE LAND High Density Zoning (MRC-3) in Atlanta, Georgia +/- 11 acres

2 Table of Contents For additional information, please contact: Mike Cahalan, MBA Vice President Land & Developer Services (404) x146 John DeYonker V.P. Land & Developer Services (404) x 142 JDeYonker@BullRealty.com Executive Summary Property Information Aerial View Area Developmetns Atlanta Beltline Zoning Map Surveys Property Photos Location Maps Aerial Views Demographics About the Area Broker Profiles Bull Realty, Inc. 50 Glenlake Parkway Suite 650 Atlanta, GA P. 2 of 20

3 Executive Summary Zoned Mixed Use Land (MRC-3) The Echo Street Mixed-use project is an approximately 11 acre assemblage located near the corner of Northside Drive and Donald Lee Hollowell Parkway on the burgeoning west side of Atlanta. The site is conveniently located near Georgia Tech, Coca Cola World headquarters, Atlantic Station, the Georgia Aquarium, Phillips Arena and the many amenities of Midtown Atlanta. Positioned at the corner of Echo Street, the site currently consists of abandoned and under utilized industrial buildings and is prime for redevelopment. Echo Street is on the leading edge of the urban core development corridor more commonly know as Westside Atlanta. The many recent new developments on the adjacent Marietta Street/Howell Mill Road corridor makes this site the next logical development in the area. The MRC-3 zoning allows for up to 660,000 sq ft of residential and up to 35,000 sq ft of commercial development with a maximum building height of 65 ft. This zoning allows for great flexibility in design which could include mid-rise multifamily, stacked flats, townhomes, student housing, restaurants and retail. In addition, the property is located inside the Westside Tax Allocation District which may provide funds to help with the development funding. Two notably future developments in the area include the third largest urban park in the country, Bellwood Quarry Park (Westside Park) with 350 acres of green space and the new Atlanta Falcons stadium that is to be completed by This $1.2 billion dollar project will be the cornerstone of sports activities and entertainment for the entire city of Atlanta. For additional information please contact Mike or John. P. 3 of 20

4 Property Information Address County Lot Size Residential Commercial Zoning Price Echo Street & Donald Lee Hollowell Parkway Atlanta, GA Fulton +/- 11 acres 660,000 square feet 35,000 square feet MRC-3 C Please contact Brokers P. 4 of 20

5 Aerial View Subject Property P. 5 of 20

6 Area Developments 1016 Lofts The Foundry at Puritan Mill King Plow Arts Center 10 Side Apartments WestMar Student Lofts Brickworks Atlanta GA Power M Street Lofts Subject Property P. 6 of 20

7 Atlanta Beltline Subject Property P. 7 of 20

8 Zoning Map P. 8 of 20

9 Property Survey 1 P. 9 of 20

10 Property Survey 2 P. 10 of 20

11 Property Photos (1 of 4) Property facing north from Donald Lee Hollowell Avenue Wheeler Street off Echo Street P. 11 of 20

12 Property Photos (2 of 4) Property facing Donald Lee Hollowell Avenue Property facing north on Echo Street P. 12 of 20

13 Property Photos (3 of 4) Property facing south on Echo Street Apartment development behind subject P. 13 of 20

14 Property Photos (4 of 4) Close proximity to downtown Atlanta One mile from the Georgia Dome P. 14 of 20

15 Location Maps P. 15 of 20

16 Aerial Views P. 16 of 20

17 Demographics 2013 Demographics (STDB) 3 mile Population 142,200 Households 63,877 Average Household Income $65,756 5 mile Population 313,305 Households 140,648 Average Household Income $71, mile Population 893,718 Households 384,168 Average Household Income $72,274 P. 17 of 20

18 About The Area Atlanta Atlanta is an exciting destination with world-class restaurants, a festive nightlife, several major league sports teams and an abundance of cultural attractions. Atlanta's arts and culture scene is complemented by in-town neighborhoods that give the city even more depth. These locations are in the neighborhoods of Midtown, Virginia-Highland, Little Five Points and Inman Park - a short cab ride away. Home to the busiest and most efficient airport in the world, Hartsfield-Jackson Atlanta International Airport, and the Maynard H. Jackson International Terminal, getting to Atlanta is easy. With a variety of transportation options throughout the city, our guides, maps, shuttles, tours and Atlanta Ambassadors make getting around Atlanta easy too. Encompassing $304 billion, the Atlanta metropolitan area is the eighth-largest economy in the country and 17th-largest in the world. Corporate operations comprise a large portion of the Atlanta s economy, with the city serving as the regional, national, or global headquarters for many corporations. Atlanta contains the country s third largest concentration of Fortune 500 companies, and the city is the global headquarters of corporations such as The Coca-Cola Company, The Home Depot, Delta Air Lines, AT&T Mobility, UPS, and Newell-Rubbermaid. Over 75 percent of Fortune 1000 companies conduct business operations in the Atlanta metropolitan area, and the region hosts offices of about 1,250 multinational corporations. P. 18 of 20

19 Echo Street & Donald Lee Hollowell Broker Profile MIKE CAHALAN Mike Cahalan has experience in all types of commercial real estate and is engaged in several projects in the Southeast. Among other investment properties he is involved in hotels and large land tracts for all uses. He has an extensive background in the commercial real estate business throughout the region from his past experience as a broker, investor and developer. Mike is a member of the Atlanta Commercial Board of Realtors and recent award winner for closing over $60,000,000 in real estate sales since He was also honored as a Top Ten Producer in his field of expertise. Mike Cahalan, MBA Vice President Land & Developer Services (404) x146 MCahalan@BullRealty.com Bull Realty, Inc. 50 Glenlake Parkway Suite 650 Atlanta, GA He received his BA from the University of West Georgia in 1979 where he majored in Business Administration. In 1998, he graduated with honors from the Keller Graduate School of Management with an MBA in Marketing. Mike takes an active role in volunteering his personal time for Blessed Trinity where his two daughters attend. His is also involved in church volunteer work for St. Benedicts Catholic Church where he annually participates in the building of a home for Habitat for Humanity. Mike has been married for 23 years to his wife Sonia and resides in Duluth. Bull Realty is a U.S. commercial real estate sales and advisory firm headquartered in Atlanta, Georgia. The firm was founded in 1998 with two primary missions that drive the firm s decisions every day: to grow a company known for stellar integrity and reputation, and provide the best commercial real estate marketing in the nation. Commercial real estate services include acquisition, disposition, leasing, tenant representation and advisory. Areas of expertise include office, retail, industrial, multifamily, land, healthcare, single tenant net lease, special asset and daycare properties. Disposition services, for appropriate properties, include exposure on up to 350 websites, 17 marketing systems and 4 to 7 e-marketing systems. Additional disposition and lease marketing services include video marketing, social media, auctions and national radio exposure. The firm hosts the Commercial Real Estate Show, a talk radio show about commercial real estate that airs on 12 radio stations throughout the nation. The show is available on-demand on itunes and the show website CREshow.com. P. 19 of 20

20 Echo Street & Donald Lee Hollowell Broker Profile JOHN DEYONKER John DeYonker has been selling and developing real estate in the Atlanta area for the past 20 years, 15 years as Managing Broker of his own real estate brokerage and development company. Mr. DeYonker joined Bull Realty in 2008 to provide his clients a marketing platform proven to maximize asset value in this economic cycle. The Atlanta Commercial Board of Realtors named John the #5 land broker for 2009, the #4 land broker for 2010, and again in 2012 he was recognized as a top 10 producing land broker. John uses his experience in land sales, commercial acquisitions and development skills to add value to his clients real estate transactions. John DeYonker V.P. Land & Developer Group (404) x 142 JDeYonker@BullRealty.com Bull Realty, Inc. 50 Glenlake Parkway Suite 650 Atlanta, GA Originally from the state of Michigan, John received a B.A. in Business Administration from Michigan State University and has called Atlanta home since He currently resides in North Buckhead with his wife and two sons. John spends much of his free time coaching and watching his two sons in their sports endeavors while also serving as a director on the Baseball Committee at the Northside Youth Organization. John is a member of the National Association of Realtors, the Atlanta Commercial Board of Realtors, and the Urban Land Institute. Bull Realty is a U.S. commercial real estate sales and advisory firm headquartered in Atlanta, Georgia. The firm was founded in 1998 with two primary missions that drive the firm s decisions every day: to grow a company known for stellar integrity and reputation, and provide the best commercial real estate marketing in the nation. Commercial real estate services include acquisition, disposition, leasing, tenant representation and advisory. Areas of expertise include office, retail, industrial, multifamily, land, healthcare, single tenant net lease, special asset and daycare properties. Disposition services, for appropriate properties, include exposure on up to 350 websites, 17 marketing systems and 4 to 7 e-marketing systems. Additional disposition and lease marketing services include video marketing, social media, auctions and national radio exposure. The firm hosts the Commercial Real Estate Show, a talk radio show about commercial real estate that airs on 12 radio stations throughout the nation. The show is available on-demand on itunes and the show website CREshow.com. P. 20 of 20