Metro Atlanta’s Hottest CIDs
by Peyton McWhirter

Currently 27 Community Investment Districts (CIDs) span Metro Atlanta, with many making a huge impact through unique and thoughtful improvements in the communities they serve.

 

“Land and property owners willing to invest in themselves and the communities around them have seen a tremendous return on investment,” says the Council for Quality Growth. “They are also valuable in strengthening the unique character of each Metro Atlanta area.”

 

Here are a few examples of unique CID projects successfully working to improve, connect and evolve Metro Atlanta’s neighborhoods:

 

Cumberland CID: SunTrust Park is using nearly $5 billion to enhance public infrastructure and other area improvements.

Aerotropolis Atlanta CID: Installing an extensive greenway space around The Georgia Department of Transportation’s $10 million Diverging Diamond Interchange project.

West End CID: In partnership with MARTA, Atlanta United and the city of Atlanta, two new soccer fields will be installed at the Wet End MARTA station as part of the “Soccer in the Streets” initiative.

Buckhead CID: Plans for a signature park over GA400 consisting of a 9-acre green space is being explored as an opportunity to tie together residential and commercial districts on opposite sides of the highway.

Doraville Assembly CID: Grant money has been allocated for the collaborative effort to repurpose the General Motors Plant into the “Assembly Yard,” a one-of-a-kind hub for art, technology, creativity, living, recreation and commerce, slated for completion in 2022-2025.

 

These unique CID projects are only a part of Metro Atlanta’s vision to become an even more attractive city to live and work.

 

Market Report:  Kennestone Hospital—Marietta Market
by Dan Buyers and Justin Carswell

The commercial real estate market in Marietta is experiencing substantial growth in residential, retail, entertainment and office.
 

The expansion of Kennestone Hospital’s Emergency Department, located in “the triangle” between Cherokee, Church and Cherry Street, is significantly impacting the areas ability to attract new businesses. The highly anticipated Marietta Square Market, an 18,500 SF food hall located near the historic Marietta Square, is ramping up the restaurant and retail scene with the addition of nearly 20 vendors.
 

McWhirter Realty Partners is currently offering medical office and retail property in the area including:
 

709 & 711 Canton Road: Class A medical office development in Kennestone East Office Park.
 

732 Cherokee Street: Join Panera Bread and Tropical Smoothie Café in this new retail/restaurant development directly across from WellStar Kennestone Regional Medical Center.
 

50 Plaza Way: 9k sf MOB for Lease that is located in close proximity to WellStar’s campus and is poised for future redevelopment.

 

Market Spotlight

DEVELOPMENT OPPORTUNITY

20± & 25± ACRES

S. 120 LOOP/MARIETTA PKWY @ I-75

MARIETTA, GA 30067

 

 ·  High Profile Development Opportunity with I-75 Visibility in Marietta, GA

 ·  20± Acres - Southeast Quadrant of I-75 & South Marietta Pkwy (S. 120 Loop)

 ·  25± Acres - Northeast Quadrant of I-75 & South Marietta Pkwy (S. 120 Loop)

 ·  Two of the largest remaining tracts in Marietta

 ·  Located within Gateway Marietta CID and City of Marietta’s Opportunity Zone

 ·  Excellent access to Cobb Parkway (Highway 41), I-285, and I-75

 ·  Surrounding Properties include: Atlanta United Training Facility, Future Ikea, Future    
    Drive Shack, Red Hare Brewery, Home Depot IT Center & WellStar
    Administrative Offices

 ·  Inquire for Price

 

Winter Preparedness for Property Managers
by Greer Hughes

It’s not uncommon for Georgia to experience erratic weather during the winter and businesses need to be properly prepared. Here are some tips from our Property Management team to ensure you’re prepared:
 

Extreme Cold

Set thermostats to 55 degrees or warmer
Ensure water heaters and HVAC systems are cleaned and serviced regularly
Cover exposed pipes with insulation sleeves or heat tape
Leave faucets dripping to relieve pressure
Remove hoses from exterior faucets and leave water dripping
 

Snow and Ice

Ensure roof water runoff is directed away from the building structure and clear of walkways
Clear areas around vents and exhaust pipes
Clear snow from roofs to prevent excess drainage and weight
Clear sidewalks using salt, chemical pellets, and sand
 

Be sure to assess how well your property weathered the cold and make note of any tasks that could be done better next winter.

Self-Storage Report
by J.L. "Chip" Mack III

McWhirter Realty Partners has represented The Amsdell Companies/Compass Self Storage in the acquisition of storage centers for more than 18 years. In 2018, we arranged for Amsdell’s acquisition of four storage centers in metro Atlanta. Now the company has16 storage centers in the Atlanta market and 85 nationwide. McWhirter Realty Partners is responsible for 25 percent of their total portfolio acquisitions.

If you need assistance buying or selling a storage center, please call Chip Mack at 678 385-2707.