Could the unsightly parking lot where two gleaming Donald Trump towers failed finally see construction activity? It's possible. AMLI Residential — already a player in the Atlanta apartment game at Historic Fourth Ward Park and elsewhere — is mulling whether to build a 20 to 30-story apartment tower at the 15th and Peachtree streets site, the Atlanta Business Chronicle reports, citing industry insiders. Back in 2006, Trump created a substantial buzz when he formed a local partnership and announced Trump Towers Atlanta (our #5 pick for top ATL towers that never happened). Plans called for a $260-million, 48-story story high-rise — in Phase 1 alone — to support restaurants, retail and Kenny Rogers' interior designs! Plans were later curtailed to reflect the tough times. Then the whole shebang fell into foreclosure in 2010.
The newspaper reports that AMLI has been pricing the project, and that a proposal might come before the Midtown Development Review Committee soon. AMLI's proposal could join a handful of new towers at various stages in the Midtown pipeline. Those include a proposed mixed-use hub topped with a tower at the Midtown MARTA station; two apartment towers on Spring Street geared toward Georgia Tech students; a Yoo tower near Piedmont Park; the SkyHouse South tower set to open on Juniper Street soon and Tivoli's 51-story proposed tower between Crescent Avenue and Peachtree Streets. To hell with overbuilding: Rise up, Atlanta! Rise up!
[ABOVE: Trump Towers rendering via worldclasscondohotels]