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Monti

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Posts posted by Monti

  1. Transit in Atlanta is viable enough to rank eighth in the country in terms of transit ridership, higher than three of the cities on that list.

    Link

    Dallas and Houston don't surprise me since I've heard that they have an even greater "car-hugging" culture than Atlanta. The stats on Seattle, however, do surprise me. It's true that Seattle has a smaller metro population and more people probably live in their downtown so they can bike/walk, but still...I wouldn't have guess that Atlanta would score higher.

    One thing I do notice from the chart is that all of the cities proceeding Atlanta on the list are strong mass transit cities. Position #8 (Atlanta) seems to be the dividing line...interesting.

    As always, thanks Martinman for the info :D

  2. We're number 10?

    Tenth worst isn't really reason for celebration but thats actually a bit better than the traffic here is usually protrayed.

    Kirkland, Wash.-based Inrix, which provides traffic information to various customers such as MapQuest and Microsoft Corp., ranked the nation's 100 most congested cities.

    10 Most Congested

    1. Los Angeles

    2. New York

    3. Chicago

    4. Washington D.C.

    5. Dallas-Fort Worth

    6. San Francisco

    7. Houston

    8. Boston

    9. Seattle

    10. Atlanta

    ABC article

    I agree that this info is no cause for celebration, especially since these other cities offer viable alternatives to the traditional car commute while ATL is lacking in this respect.

  3. Which is worse; property taxes with some income producing tenants, or eliminating all income for two years and spending millions on construction for condos or office/retail where the market cannot support the additional supply?

    The last Midtown Alliance development tour from Aug. 28, 2007 has Dewberry's Midtown Square as a 2010 construction start for delivery in 2012. The program for the project listed there is:

    • 1.2 million SF of office
    • 225 hotel rooms
    • 320 residential units
    • 150,000 SF of retail

    As much as we'd like to see something built, that's probably appropriate timing given the current economy and the surpluses in the condo and office markets. Also, by 2010, they'll have real performance from the Viewpoint and 12th & Mid. retail to justify/market the retail in their project.

    Thanks for the link to the tour...looks like a lot of projects will come online in the next couple of years. Speaking of MA, anyone going to the meeting next week (Dec 4)?

  4. ^^Martinman probably knows more detail, but as far as I know it is still owned by Dewberry Capital who had plans for a development called Midtown Square several years ago that never went through. They still own the land but have not made any sort of moves on it development wise, instead concentrating on their office development further up Peachtree.

    I agree - that land has to be one of the most coveted pieces of real estate in the city and it is a blight of surface parking right now.

    How can the owner afford to hold on to a piece of property like that w/o maximizing usage and profits? I mean, the property taxes must be killing them, no?

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