Tag Archives: atlanta custom homes

Where Growth Is Headed: ATLANTA!

29 Nov

WSJ 

November 26, 2012

By Robbie Whelan

A new projection of household formation growth by geographic region, by market research firm Pitney Bowes Software PBI +2.00%, lays out which metro areas saw the most growth over the first decade of the 21st century, and which metro areas are projected to see the most growth over the next five years. (Pitney Bowes sells its projections and other data to retailers and other businesses looking to make strategic growth decisions.)  

What they found is that while most of the top 20 places expected to grow fastest in the next five years are the same ones that grew the most last decade. But some of them reshuffled by a few places in the rankings, and there are a few surprises on the list.

Houston and Atlanta lead the list from both 2000 to 2010 and are expected to top it again for 2012 to 2017.  Other areas set to continue seeing big gains are Dallas, Washington, Phoenix, Riverside-San Bernardino, Austin, Orlando, San Antonio and Charlotte. Just six of the top 50 projected growth markets are in the Northeast, the region that showed the weakest construction growth in the latest Census figures, while 16 of them are in the West, the region that has seen the most single-family construction growth.

Metro Atlanta Adds 200 People a Day to its Population

29 May

Atlanta the Seventh-Fastest Growing Metro Area

Atlanta Business Chronicle by Jacques Couret, Senior Online Editor

Tuesday, May 29, 2012

Metro Atlanta adds 200 people a day to its population, or about one person every seven minutes, making it the seventh-fastest growing metro in America.

According to On Numbers analysis of newly released population estimates from the U.S. Census Bureau, metro Atlanta added 72,909 residents between July 2010 and July 2011 for a total population of 5,359,205.

Click here to see the full analysis.

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A member of Custom Builders Atlanta

  Growth of over 70,000 people per year demands more than the 7,000 new housing permits issued last year.  Our annualized new home starts for Q1 of this year was less than 6,000 but our closings was greater than 7,000.

According to Metro Study and FMLS, Atlanta has a current housing inventory of 5.3 months.  A six month inventory is considered the equilibrium point and less than that, it becomes a seller’s market.

It’s not hard to realize that if you want a new home in Atlanta, you better hurry, we’re running out!

Thank God For Hapeville

14 Sep
One of the newest ALPs yet to become operation...

Image via Wikipedia

When house exploded, Fulton was short on fire trucks.

The fatal house explosion that shook a south Fulton neighborhood last month exposed a weakness in the county’s fire coverage.

When a house near Fairburn blew up in flames — rattling nearby houses, filling the the street with black smoke and setting the house next door ablaze — all Fulton County Fire and Rescue could send to the scene was a single ambulance.

The nearest fire station, Station 15 on Gullatt Road, had no working engine that Saturday afternoon, Channel 2 Action News and The Atlanta Journal-Constitution have learned. That truck had been moved to Station 7 on Buffington Road because its engine was out of service. Station 7’s regular backup truck was out of commission, too.

However, Hapeville, only 2.2 square miles, has TWO fire stations with average response times of less than four minutes to all areas of the city.  The Hapeville Fire Department has a staff of 33 Firefighters, EMTs, and Paramedics on shift rotation of 24/48, and four administrative personnel.  Their Department adopts an aggressive proactive approach towards the community.  They offer training to the residential and corporate community.   Their training involves the surrounding areas as well as the Atlanta Hartsfield-Jackson International Airport.

Currently there are two engines, one aerial ladder truck, one ALS ambulance, and one tactical rescue truck.  In reserve, they have an additional ambulance.  The Department’s call volume is between 125 and 150 calls monthly, with an average response time of less than four minutes from either of our two stations.

Porsche Conceptual Designs

13 May
Control tower for Atlanta's Hartsfield-Jackson...

Image via Wikipedia

Porsche Cars North America’s relocation to Atlanta’s Aerotropolis could be the engine that motors the 130-acre mixed-use development from blueprint to brick-and-mortar.  

The move by the German sports car company is also a bet on the popularity of airport-centric business districts among multinationals seeking global connectivity. The move was first reported by Atlanta Business Chronicle last October and formally announced by Gov. Nathan Deal and Atlanta Mayor Kasim Reed on May 12.

With Aerotropolis, Atlanta follows in the footsteps of cities such as Washington, D.C., and Los Angeles that have sprouted major office enclaves around their airports.

The Jacoby Group Inc. development will be a 6.5 million-square-foot, aviation-intensive business district expected to include office, retail, restaurant, hotel and airport parking. Aerotropolis, on the site of a former Ford plant, is estimated to bring more than 10,000 jobs over a decade.

Conceptual designs for Porsche's new facility

The Porsche deal is vital for the future development of Aerotropolis, already a year behind schedule.

The first deal is always the most important, Reed said.

“To have a world-class organization choose to make the kind of investment [Porsche is] getting ready to make,” Reed said, “will be an important leading indicator for other firms as they look at Aerotropolis.”

Atlanta Business Chronicle first reported Porsche’s plans to invest up to $100 million in a 26-acre headquarters campus at Aerotropolis. Porsche will employ about 400 people and occupy a 150,000-square-foot office building.   The campus campus will offer a World of Coke-like marketing attraction, including a classic Porsche restoration shop and a fine-dining restaurant. The development will feature a 1.6-mile driving circuit with off-road and on-road courses.

The Porsche relocation legitimizes the airport as an office submarket for corporate headquarters, said Ken Ashley, senior director with Cushman & Wakefield of Georgia Inc.

“I would have to believe that Jacoby’s phone is going to be ringing off the hook after this deal,” said Ashley, who along with Sam Hollis represented Porsche on the relocation.

The Porsche move suggests the Southside can be a viable competitor for office developments.

“We’ve historically developed to the north and here we are starting to get these types of extraordinary corporate commitments in that part of the city,” Leithead said.

“These guys at Aerotropolis have really landed a fabulous customer to get started with,” said John Heagy, a senior vice president at Hines.

“[Porsche has] immediate name recognition that people will connect now to that piece of property.”

Interest in Aerotropolis is building as Hartsfield-Jackson Atlanta International Airport nears completion of the international terminal and the economy strengthens. About half a dozen companies have expressed interest in office space at Aerotropolis, including two who are in “serious talks,” said Scott Condra, a senior vice president at Jacoby Development.

“Atlanta is ready for an airport-related development,” Condra proclaimed.

Jacoby plans to build out Aerotropolis’ remaining 50 acres based on demand, rather than speculation.

“Our plans are to secure the tenant and then build,” Condra said. “Building speculative real estate right now is still too risky.”

Porsche is emblematic of the niche tenant Aerotropolis is likely to attract.

While having jumbo jets roar overhead could be a turn-off to some companies, it is indispensable for others. Aerotropolis is being marketed to Fortune 500 headquarters, accounting and consulting firms, logistics-related companies and multinationals.

Porsche North America, headquartered in Sandy Springs for 13 years, sought roomier digs as it consolidated operations from suburban Chicago. “We needed a facility where we could house all of our departments in one building,” Porsche spokesman Steve Janisse said.

Porsche, which looked at about 70 sites in several states, could have found office space in tonier ZIP codes than Atlanta’s gritty south side. What it couldn’t find elsewhere was a place to put a test driving circuit, which Janisse referred to as a “sales tool” for Porsche.

“At Aerotropolis you can build a racetrack where your neighbors aren’t going to mind cars driving around a track,” he said.

Being minutes from the world’s busiest airport also made sense for the global company, whose operations stretch from Seattle to Shanghai.

Atlanta’s Aerotropolis project makes “perfect sense” for a multinational automaker that needs to move executives and employees around the world, said Greg Lindsay, who has written about airport-centric mixed-use developments and is author of the recently published book “Aerotropolis: The Way We’ll Live Next.”

“Developments likes these are being designed as maximum connectivity hubs for multinational corporations,” Lindsay said.

He points to a development called The Squaire — which is as long as the Empire State building is tall — developed outside the Frankfurt airport in Germany.

“KPMG Europe is moving its headquarters there,” Lindsay said. “So, you’re going to have 2,500 accountants flying across Europe from there.”

With Aerotropolis, Jacoby seeks an encore of its nationally recognized Atlantic Station — a redevelopment that transformed a dilapidated Midtown steel mill into a 138-acre live-work-play hub. If successful, Aerotropolis could spur interest in rehabbing other “sick” areas around the airport, Lindsay said.

“Jacoby basically took a site that was a rusting emblem of America’s industrial economy, unused space next to the busiest airport in the world and converted into something that is mixed-use and great for the tax base,” Lindsay said.

For metro Atlanta’s economic developers, having class A office space next to the world’s busiest airport is a juicy carrot to lure national and global companies to the region. High-profile, multi-use developments such as Peachtree Center, Atlantic Station and Cobb Galleria have made Atlanta into a major corporate market, Leithead said. “Aerotropolis is Atlanta’s next [big] project,” he said.

Despite its promise, Aerotropolis has gotten off to a halting start, thanks to the Great Recession. Construction of the first phase, a 4,000 parking spot surface lot, was supposed to begin a year ago, but is now expected to start by summer.

“Any project worth doing dies at least 10 times before its successful,” Leithead said. “In our business you don’t embrace delays, but you’re not surprised by it.”

Read more: Aerotropolis hits gas with Porsche | Atlanta Business Chronicle

It’s Official: Porsche Porsche to build $100 million HQ in Hapeville

12 May

By Rachel Tobin

The Atlanta Journal-Constitution

By 2013, passengers arriving at Hartsfield-Jackson Atlanta International Airport will be greeted by a huge red sign for one of the world’s most iconic luxury brands: Porsche.

The German automaker announced details today of its plan to build its North American headquarters and a 1.6 mile test drive track right beneath the wings of landing aircraft at the Atlanta airport on the former Ford plant in south metro Atlanta.

“It will be absolutely unique,” said Detlev von Platen, president and CEO of Porsche Cars North America, at a press conference at the state Capitol Thursday morning. The company has been based in Sandy Springs for the last 13 years, but the available land of the Ford site for the test track was a major reason for wanting to put the $100 million headquarters and its 200 local jobs to the Southside. “It will be much more than a headquarters,” he said.

The track itself will be meant as a place for potential Porsche customers to test drive options. Porsche expects about 20,000 people a year to visit it.

Mayor Reed was excited for the message the Porsche building will send to passengers arriving atHartsfield-Jackson. “They will see the Porsche sign and associate excellence with the city of Atlanta,” he said.

The state offered $1.75 million in job tax credits, as Porsche will be moving a division from Chicago and creating about 100 new jobs in Georgia. The headquarters in general is expected to employ up to about 400 people in about five years. The Georgia Department of Transportation is adding $800,000 in infrastructure improvements to the package. Other local incentives were not yet made public, but the former Ford plant site does qualify for several programs meant to encourage development on the former industrial site, officials said.

Von Platen said that 17 sites competed aggressively for the headquarters, including other states.

He said he would have to make some calls to some governors today to tell them that “Georgia won the race.”

That fact was not lost on Gov. Nathan Deal, who said, “Detroit is just a little bit jealous.” Georgia has about 300 auto-related companies that employ about 20,000 people, he said, and the new Porsche jobs will add to that.

Porsche cars are built in Germany. Company officials said they don’t have current plans to move any assembly operations to Georgia.

Artist rendering of Porsche's test track to be built on the former Ford site in Hapeville.

Porsche Moving to Hapeville Aerotropolis

12 May

Porsche Silverton, Engalnd

The announcement of Porsche’s move of its North American Headquarters to Hapeville‘s Aerotropolis is set for today at the State Capital.  Exciting news for Hapeville as it promises to bring jobs and jump start the Jacoby Development.

When the Atlanta Business Chronicle reported this last October, it said that Porsche’s plans are reported to call for development for an expanded headquarters, which could involve a roughly $69 million investment and nearly double the company’s local employment.  Also included is a 20 acre test track similar to its Silverton, England facility (http://www.porsche.com/silverstone/).  There driving lessons are offered under various conditions for the sport enthusiasts as well as for those just wanting to be more skillful drivers.

Many think that a top rated hotel will soon follow.

Welcome to Hapeville Porsche!

Gas prices continue to inch closer to $4 a gallon

26 Apr

Atlanta gas prices continued to inch their way toward the $4-a-gallon mark on Monday, the average climbing about a half-cent since Sunday and 3 cents in the past week.  See http://www.ajc.com/news/gas-prices-continue-to-923926.html

The average price of $3.75 a gallon for regular unleaded is 29 cents per gallon higher than a month ago, and a full dollar more than the price one year ago, according to gasbuddy.com, a website that tracks gasoline prices across the country.

Is it time to GO GREEN and move In Town?  Atlanta’s average commute is one of the longest in the country.  Why burn time and money?

The Courtyards of Hapeville is located 10 minutes from downtown.  Here  we’re building a new style home that’s changing the way that people live. It’s a more relaxed, casual approach that’s centered on an open courtyard space with the home wrapped around it. This unique design almost doubles the amount of living space. And, the courtyard is as cozy and private as any interior living space.