THE EDGE
SITE PLAN
2. MARTA T.O.D. FROM BANK OF AMERICA PODIUM 15
Proposed
TURNING CONSTRAINTS INTO OPPORTUNITIES
1
Retail & Flex Tech Space 7
2
Renovated 3rd Street Tunnel
3
Housing, Retail & Flex Tech Space
4
Housing, Retail & Laboratory Space
5
Technology & Arts Academy
6
Ponce De Leon Pedestrian Street
7
West Edge Park - The “Wedge”
8
Midtown Public Library
9
MARTA Station & Housing
17
16
10 Proposed Streetcar Stops 11 Housing & Retail 7
12 MARTA 2.0 Housing & Retail
P
P
1
1
P
13 Renovated Bank of America Tower 14 Bank of America Podium P
2
Proposed Underground Parking 18
Existing 15 5th Street Bridge
P
16 Georgia Tech Global Learning Center 7
17 Scheller College of Business
CONNECT
OPPORTUNITY FOR ICONIC OPEN SPACE
712,800 SQ FT OF CLASS A OFFICE SPACE 52% VACANT
UNINTERRUPTED EDGE
ROOM FOR 475 CONDOMINIUMS
A NEIGHBORHOOD WITHOUT A STRONG IDENTITY
A NEW VIBRANT COMMUNITY
20 Fox Theatre 6
21 Children’s Center at All Saints’
8
STRONG OUTSIDE FORCES
DISTRICT CONNECTIONS
MIDTOWN CONNECTIONS
FIGURE GROUND BEFORE
FIGURE GROUND AFTER
Piedmont Park
North-South MARTA Line
24 25
CONSTRUCTION
5 2 %
23 22
10 10
TYPICAL CONDO FLOOR UNIT MIX
North Ave NW
2
12
Existing Parking
11
P
13
26
4 BEDROOM 3 BEDROOM 2 BEDROOM 1 BEDROOM STUDIO
2 3 2 5 10
FLOOR TOTAL
22
CONVERT
V A C A N T
DEVELOPMENT SUMMARY
CONDO SALES
SOLD.
475 units sold
SOLD.
CONSTRUCTION
14 AVERAGE UNIT SIZE 1,377 SF *1 parking space sold per condo unit
2016 P
PHASE ZERO 2016 - 2017
Allocation Residential: 0 units Retail: 0 ft2 Office: 602,648 ft2 Public: 0 ft2 Open Space: 0 ft2
Streetcar
2019
YEAR 1
YEAR 2
TOWER CASH FLOW
250
500 Feet
THE “WEDGE” WEST EDGE PARK
A DAY IN THE LIFE SITE USERS & FORCES
1. THE WEDGE
Summary Purchase and renovation of Bank of America Tower, to convert unused office space to condominiums.
Young Child & Family Support Local medical services, neighborhood child care, early education programs, and affordable family housing.
AGE 24
After graduation, her and two friends create a tech start-up.
Summary Development of Blocks A & B and MARTA station air space. Additional development (MARTA 2.0) on NW corner of Block F to support TOD development.
High School & University Education Magnet program at Technology & Arts Academy, and a top-tier higher education institution (Georgia Tech).
1996 Summer Olympics in Atlanta 1961 Georgia Tech voluntarily desegregates
Residential Retail Office Public Open Space
Cumulative Total
0 Units 0 ft2 602,648 ft2 0 ft2 0 ft2
Residential Retail Office Public Open Space
1,447 Units 110,500 ft2 908,648 ft2 45,000 ft2 133,500 ft2
1,822 Units 133,500 ft2 908,648 ft2 254,000 ft2 133,500 ft2
Continuous Loop
Accentuated Street Ends
Reduced Traffic Noise
Provided Views
E. RESOLVING THE EDGE
A Timeline of Art
SOUND
Average Highway Noise: 70-80 dB at 50 ft Noise Reductions: Median: 5-10 dB; Cantilevered Earth Berm: 10-15 dB; Vegetation: Psychological Relief
URBAN FORESTRY
Mitigate heat island effect while improving human experience 510 trees in site area: 3 lbs of CO2 sequestered per tree per year = 1,530 lbs total, 1 ton every 15 months
HYDROLOGY:
The family moves into an affordable unit with a view of downtown.
SOUND SHADOW
PREVAILING W
INDS
75,000 ft2 IMPERVIOUS SURFACE
Emory University Hospital Midtown
A baby is born at Emery University Hospital.
30,000 ft3 BIOCELLS
6 hrs- rainwater exceeds 6” paver and biocell storage, improved overflow directed to cistern storage and sewer PEAK FLOW = 8.25 ft3/second
213,000 GALLONS TREATED
24+ greywater available for water availabe for irrigation, clean H2O enters Peach Creek
TO GEORGIA TECH >
INCREASE MASS
AGE 0
0 hrs - rainwater infiltrates. suspended particulates removed
50’ VEGETATED BUFFER
Georgia State University Dorms
SPRING ST. BIOCELLS
10 YR, 24 HR STORM EVENT (6” ACCUM.)
RETAIL FRONTAGE
AGE 30
They lease a larger space, and their business continues to grow.
PARK ING
SCULPTURAL AIR SCRUBBING FACADE
Dashboard Co-op Gallery
BIOSWALE
The young child attends the Children’s Center at All Saints’.
LID Principles: Slow, Soak, Spread Total stormwater managed for quality control: Green Roof= 45,000 sf // Permeable Pavers= 30,000 sf // Bioretention Cells = 60,000sf
EDGE CIT Y C YCLES
Fox Theatre
CISTERN SYSTEM FOR IRRIGATION
AGE 3 Georgia Tech Campus
1,822 Units 133,500 ft2 908,648 ft2 254,000 ft2 133,500 ft2
65’ min. Vegetated buffer scrubs VOCs, reduces particulate pollution by 40-75% (USDA) Cantilevered berm redirects prevailing winds, barriers move plume upwards Experimental titanium dioxide facade breaks down NOx and VOCs with sunlight
She attends the Technology & Arts Academy with a focus on programming.
AGE 1
Residential Retail Office Public Open Space
AIR QUALITY
1864 Atlanta is rebuilt Existing Consistent Edge
Cumulative Total
Residential Retail Office Public Open Space
AGE 14
She begins pursuing a BS in Computational Media at Georgia Tech.
0 units 0 ft2 0 ft2 0 ft2 0 ft2
Summary Stabilization of built-out parcels to take advantage of existing cash flow and build value before liquidation.
Cumulative Total
1921 The Varsity opens
Early Career & Entrepreneurship Post-grad opportunities at Tech Square and local incubators, and support for burgeoning companies.
AGE 18
Allocation Residential: Retail: Office: Public: Open Space:
2003 Tech Square innovation district opens Cumulative Total
Technology Square
PHASE THREE 2025 - 2027
Summary Construction of public library adjacent to the Varsity, and middle/high school with adjacent mixed-use buildings. Mixed-use development on BP station site.
SOUND BARRIER
125
Allocation Residential: 375 units 23,000 ft2 Retail: 0 ft2 Office: Public: 209,000 ft2 Open Space: 0 ft2
TUNNEL ART
0
PHASE TWO 2022 - 2024
Allocation Residential: 1,447 units 110,500 ft2 Retail: 306,000 ft2 Office: Public: 45,000 ft2 200k ft2 Open Space:
EXTENSIVE GREEN ROOF
N
PHASE ONE 2018 - 2021
PUBLIC ACCESS
I-75/85 Connector
2018
3,413,643 ft2 20% 23%
Total Ft2 Developed Unleveraged IRR Leveraged IRR
27
North Ave Bridge
Ped Street I-75/85 Connector
OPPORTUNITY YEARS
2017
STREET TREES EVERY 40’ PRIMARILY WILLOW OAKS
East-West MARTA Line
Bike
PERMEABLE PAVER
Site
PARKING EXISTING NOI
BIOCELL S
Crosstown/Midtown Streetcar
1,189 units 158 units 475 units 306,000 ft2 133,500 ft2 1,286 spaces 120,000 ft2 134,000 ft2
Market-rate Residential Affordable Residential Condominiums Flex Office Space Retail Structured Parking School Expansion Library
SOLD.
CONSTRUCTION
STREET DIET
Midtown Site
RENOVATION RENOVATION
7
27 Melia Hotel P
RENOVATION
9
25 All Saint’s Episcopal Church
5th St Bridge Atlanta BeltLine
RENOVATION
23 The Varsity Sign
GROWING CONNECTIVITY
Current Value $17,054,488
OFFICE EXISTING NOI
21
26 Georgia Center REGIONAL CONNECTIONS
CAPTURE
22 North Avenue Bridge
24 The Varsity
UNDESIRABLE SPACE
Projected Value $1,553,844,481
19 20
18 DEVELOPABLE ACRES A PLACE FOR A LINEAR COMMUNITY PARK
AVERAGE RENTABLE SF = 23,280 SF / FLOOR
19 AT&T Tower
OPPORTUNITY FOR A VIBRANT COMMUNITY
300,000+ CARS PER DAY
CREATING VALUE
MASTERPLAN REDEVELOPMENT BEGINS
5
18 Olympic Tower
CREATE
GLASS HALF FULL CAPTURING RESIDUAL VALUE IN BANK OF AMERICA TOWER
VISUAL BUFFER
OPPORTUNITY FOR ADAPTIVE REUSE
P
P
4
CONSISTENT PAVING
CATALYZE
3
TEAM 169810