Residential towers are rising from the martini-soaked soil of Midtown at a dizzying clip — and the development shows few signs of stopping. The next tower in line could be the long-discussed "Yoo On The Park," a swanky apartment high-rise on 13th Street near Piedmont Park. Back in 2013, city officials and developers told Curbed Atlanta the Yoo project could launch as early as the first quarter of last year. A small apartment complex was razed at the site, fences went up, but construction by developer Trillist never commenced. But now, an item on Mayor Kasim Reed's to-do list hints that that inactivity could soon change. The mayor's calendar lists "Yoo On The Park Groundbreaking" as an upcoming event on Juniper Street, scheduled for 11 a.m. on Feb. 18. If cranes do rise on that prime property, they'll have plenty of neighbors to mingle with.
In September, Trillist president and CEO Scott Leventhal said the project was in final permitting stages, with financing deals scheduled to close. Developers have billed the project as a new level of rental luxury in the vicinity of Piedmont Park with touches "that are immediately and singularly recognizable" as those of international designer Yoo. Officials have previously said the tower would rise 25 stories, with 245 units and a small amount of retail space, likely for a coffee shop. Those specifics may have changed by now.
Trillist has much larger ambitions for a parking lot next door to Club Opera, where the spectacular Mandarin Oriental plans never came to fruition years ago. On a site that fronts Peachtree Street and Crescent Avenue, Trillist envisions a 51-story mixed-use development that Leventhal said was in early planning stages, as of last fall.
A quick look around the neighborhood suggests that large-scale construction might be roaring in Midtown for years to come.
Work has begun at 60 11th St., where the 12th & Midtown mega-project's second apartment and retail tower is expected to be completed by spring 2016. A few yards away from there, Post Properties is expected to break ground soon on Midtown Millennium at the corner of 11th Street and Peachtree Walk, currently a vacant lot behind the Federal Reserve Building. The Post project will reportedly offer 356 units in 23 stories.
Moseying to the west, we see that Novare Group broke ground a few days ago on a 32-story apartment project called Atlantic House. A few blocks south of that, Wood Partners is building a mixed-use project with the largest footprint of all, where a life-sucking surface lot was. 33 Peachtree Place, they call it, will have high-and-mid-rise apartment living atop 20,000 square feet of retail, with a 1/2 –acre urban park weaved in.
And that's only the tip of the proverbial boomtown iceberg.
· Mayor Reed's Calendar [The Calendar]
· Developer: Midtown 'Yoo' & Peachtree Project Alive, Well [Curbed]
· Readers Rant About Rents, Tower Quality, Buckhead Drunks [Curbed]