Through the history of Atlanta, large-scale development has trended slowly northward. From Five Points, the city grew north along Peachtree, out of downtown to Midtown and eventually to Buckhead. With the economy moving in the right direction and less than 10 percent availability for office space in the Central Perimeter area, real estate investor George Wells tells Bisnow Atlanta that it's about time for some new buildings along the Ga. Highway 400 corridor around the northern edge of Interstate 285. But with demand, obstacles abound.
With the Perimeter market heating up, Sandy Springs and Dunwoody face the dilemma of what scale is appropriate in areas not so long ago relegated to low-slung suburban. In the past six months, many large-scale projects have been floated along Ga. Highway 400, including a proposed 50-story mixed-use tower some say would be the tallest suburban skyscraper in the nation. While the cities have a lot to gain from the influx of offices and residents, the current infrastructure, already heavily taxed during rush hour, is in no shape to handle an increase in use.
For now, according to Wells and Bisnow, development will likely stay in the mid-rise range and sit ITP, next to already developed areas such as Glenridge Highlands at the Glenridge Connector.
· Race to be Atlanta's Next Office Tower [Bisnow]
· Cities think it's time for a plan for Perimeter [Reporter Newspapers]
· Holy Skyscraper! It's the Tallest Suburban Tower in the Country [Curbed]
· Abernathy 400 Proves Perimeter is Cuckoo for Office Space [Curbed]