From Buckhead apartments to Ponce City Market and a vacant downtown office tower, the repurposing of older properties seems to be all the rage in Atlanta — and it's a breath of fresh air in a city known for haphazardly razing its historical character. On a smaller but nonetheless interesting scale is this circa-1925 building at 907 Marietta St., near Georgia Tech and an easy stroll from Westside attractions like 5 Seasons Brewery and Octane Coffee. Plans call for a $1 million renovation here that will hopefully capitalize on panoramic rooftop views.
What Now Atlanta reports Osteria del Figo will be relocating from Westside Provisions District later this year and building out a 6,000 square-foot restaurant in the two-story brick structure. Located just south of the Marietta Street/Howell Mill Road split, the building includes 35 parking spaces, which was probably imperative in the deal. The Italian restaurant filed a building permit application earlier this week, indicating plans to move from its current location where a substantial retail expansion is planned, the website reports.
Elsewhere across the city, Paces Properties plans to covert an empty 20-story building downtown to apartments — similar to plans for the nine-story 550 Pharr Road Building in Buckhead and an abandoned hotel downtown that will become Georgia State University student housing. Elsewhere, successful restaurants like The Optimist, STATS and Bocado have repurposed smaller buildings and capitalized on an aesthetic authenticity few ground-up restaurant builds can capture.
It's all part of a national adaptive-reuse trend, in which investors are scooping up and converting low-demand office buildings into residential or mixed-use developments. One huge perk: cost savings. What other properties around town would you love to see converted?
(NOTE: The 907 Marietta St. building has been vacant for years — so long we can't recall a previous tenant. If you can, please drop some knowledge in the comments section.)
· 907 Marietta [LoopNet]
· Westside's Osteria del Figo relocating to new $1 MM dollar space [WhatNowAtlanta]
· Vacant Downtown Tower Could Become Apartments [Curbed Atlanta]