Although a Curbed poll indicates that only 38 percent of readers believe that the ambitious three-tower project on 14th Street (just across from the Four Seasons) will actually happen, the project keeps moving forward — albeit at a glacial pace. After starting its initial review in March, the Midtown Development Review Committee (DRC) conditionally approved the $650 million project on the former Symphony Center site at its April 2 meeting. The Arquitectonica-designed towers would add 1,300 apartments, 270 hotel rooms, and 92,000 square feet of retail space to Midtown and are optimistically expected to break ground next year.
There are just a couple of more teeny-tiny issues for developer Olympia Heights Management to overcome. Their to-do list looks like so... Step one: Resolve access and road connectivity issues (these caused the project to get conditional rather than full approval from the Georgia Regional Transportation Authority, the DRC, and the Atlanta Regional Commission's Developments of Regional Impact review). Step two: Get the full approval of the city after addressing the aforementioned conditions. Step three: Nail down financing and begin building the 1.7 million-square-foot towers, the likes of which Atlanta ain't ever seen — one 60 stories, one 57, and the last 39 stories. For comparison, the Bank of America building is 55 stories, but would appear to be taller, based on early renderings. Easy peasy! Surely no one is still skeptical, right? RIGHT?
· Significant Midtown residential, hotel and retail projects proposed [Midtown Development Review Committtee]
· Rendering: Midtown Towers To Be Slender, Twisty, Sexy [Curbed Atlanta]