Looking to tap into Midtown's insurgence of upwardly mobile types, Northside Hospital has bought 1.5 acres at 12th and West Peachtree streets for $4.5 million. Though Northside has presented plans for a 17-story tower on the site — a key location to compete for the well-insured demographic — the Atlanta Business Chronicle quotes an official who says the hospital has no immediate intentions to build there. Meanwhile, tumbleweeds cartwheel on nearby parking lots. [ABC; subscriber]
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