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A Pretty Render, But Midtown Lot In Wait-And-See Mode

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The building shown here is coming to a parking lot on the Midtown Mile. Sort of. Eventually. Maybe. Healy Weatherholtz Properties has owned the smallish lot at 736 Peachtree St. since 2001, at one point pouring a pretty penny into design and concept work that produced the eye-pleasing rendering for an office or residential tower. Still, the property sitting primarily along 4th Street has been a regular old parking lot for years — and despite a flurry of activity in the area, it may stay that way for the foreseeable future. "At this point it seems like it's better to just sit on the sidelines and let the market sort of play itself out," partner Quill Healey II told Curbed, adding that the site is "slightly outside of where the heat is at the moment."

The "heat" Healey's referring to is the bounty of towers proposed, generally speaking, for the more northern reaches of Midtown. The potential high-rise explosion includes two new residential towers for the 12th & Midtown site; THREE ginormous towers for the so-called Symphony Center site; and other apartment projects by Integral, AMLI and Tivoli.

Healey — whose group did the Shops Around Lenox development and is currently working on a mixed-use project on Howell Mill Road — said construction at the 736 Peachtree site "could move pretty quickly if the timing is right." Until then, parking-lot detractors will have to grin and bear it.

— By Curbed Atlanta contributor Tyler Estep

· 736 Peachtree [HW Properties]
· Looking Up: Proposed Tower Bonanza Continues In Midtown [Curbed]
[ABOVE: Renderings via Healey Weatherholtz Properties]

Shops Around Lenox

3400 Around Lenox Road NE, Atlanta, GA