Intentional Development Around Stadiums: Can It Work?

Intentional Development Around Stadiums: Can It Work?

1 year ago 0 0 452

In my last blog “The Not-So-Obvious Connection Between Stadiums and Community”, I admitted my skepticism related to the community-building aspect of erecting new stadiums while acknowledging my hope for the success of such projects, like the Mercedes-Benz Stadium. But there’s an exception. And that’s the new Georgia State Football Stadium. Once Turner Field. Once the Olympic Stadium. (In fact, did you know this is one of the longest sustainable stadiums in the history of the Olympics?) What’s Different? Why do I think this example is different? It’s all in the approach. And I see private co-developers Georgia State University (GSU) and Atlanta-based Carter & Associates creating Summerhill, a development around the stadium, in an intentional and realistic way. In other words, this is not a “build it and they will come” project. GSU and Carter appear to be assessing what the community needs and then building it. To me, this

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Georgia State University Spurs Downtown Atlanta Development

1 year ago 0 0 748

Georgia State University (GSU) has been experiencing unprecedented growth. It’s recent acquisition of Georgia Piedmont College has boosted the student population from 36,000 to 50,000. And as we know, with any population growth comes development. A recent Atlanta Business Chronicle article states, “And during the past two decades, roughly since Atlanta’s 1996 Centennial Olympic Games, the school’s evolution has been accompanied and exemplified by sustained growth of GSU facilities in Atlanta’s core.” Let’s take a look at the impact GSU’s population and development growth has had in downtown Atlanta. The growth impacts many different real estate types, including: Student Housing Student housing is a major component of GSU’s facilities growth. The same Atlanta Business Chronicle article notes that GSU recently added 1,152 with the opening of Piedmont Central in August 2016, located on the corner of Piedmont and John Wesley Dobbs Avenue. Private developers are active in GSU student housing

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Top Takeaways from GSU’s Views From the Top 2017

1 year ago 0 0 1081

Each year, I start the new year with an economic conference hosted by Georgia State University’s Department of Real Estate, and it rarely disappoints. This year was no different. Views From the Top 2017: “Connectivity & Atlanta’s Urban Transformation” delivered insightful viewpoints on a variety of economic topics. First up was Sun Trust Economist KC Conway. Here were his top comments: Real estate sector predictions: Housing and Industrial are real estate’s strongest sectors, with commercial storage and manufactured housing yielding the best returns. Retail is regressing, and Hotel is overbuilt with declining values. Cost for new or renovated Office space is extremely high. Atlanta + Southeast predictions: The Southeast region, including Atlanta, will outperform the nation in 2017. Atlanta will continue to be plagued by traffic This is a “Must Solve” problem. Millennials will move elsewhere if not resolved, resulting in stymied growth. General insights: Capital for commercial real estate

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