Core Spaces is seeking permission from the city of Atlanta to demolish the Cheetah Club and construct Georgia Tech student housing on the site. Core is coordinating its effort with Capstone Communities. The 27-story tower, to be called Hub Spring Street, will feature over 1,000 beds spread across 532 units, with approximately 6,500 square feet of retail space also planned. The breakdown of the units runs the gamut from studios to six-bedroom units.
Amenities include a pool on the 27th floor and a hot tub on the 26th floor.
The Atlanta Business Chronicle reports this proposal will be a yearslong project. The northwest portion of the site, located at the intersection of Spring Street and 8th Street, will be reserved for a future phase, to be determined at a later date, according to the permit application.
The developers are not required to build any parking due to the site’s proximity to the Midtown MARTA station.
Northwood Ravin demolished a dated Charlotte public library in order to make way for a 300-unit apartment development. The Charlotte Business Journal reports the plan is to include 21,400 square feet of retail as well. The 4.5-acre south-end property is at 101 Scaleybark Road. The retail component is part of a larger mixed-use development that...
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Terra and Fortune International Group secured a $220 million predevelopment loan from Blackstone Real Estate Debt Strategies for their planned ultra-luxury condominium development on the former Silver Sands Beach Resort property at 301 Ocean Drive in Miami’s Key Biscayne. Walker & Dunlop Capital Markets Institutional Advisory, led by Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean...
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BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 units nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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