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Atlantic Station to Actually Get a ‘Station’ in Proposed Multimodal Plan

Posted byBy Stan | Published on: CommentsComments (0)

Atlanta developer Carter is among the real estate companies vying for a piece of a 12.5-acre property near Atlantic Station that could involve new terminals for Amtrak and Greyhound.
Carter has submitted proposals to the State Road and Tollway Authority to develop the transit-oriented project.

The Authority owns the site at 17th Street and Northside Drive by IKEA and the Norfolk Southern Corp. rail line and across from the Atlanta Water Works. Amtrak has chosen the property to contain a facility that would replace its historic Peachtree Street station, according to marketing materials for the site involving the authority, the real estate company Lionstone Group LLC, and a local commercial real estate brokerage.

The latest wrinkle is the possibility of a new Greyhound Lines Inc. terminal on the site, according to people familiar with the plans.

Carter declined to discuss that possibility, but confirmed it has responded to the request for proposals to develop the 5.8-acre parcel abutting Northside.

Greyhound built its downtown terminal for the Olympics, and it was meant to be a temporary site.
The state is also marketing the adjacent parcel Northside and 17th Street that could eventually contain new retail and apartments. Together, both parcels would form a more than 12-acre mixed-use, transit-oriented development between Midtown’s office towers on Peachtree, Atlantic Station and the emerging retail districts along Northside and Howell Mill, known as the Westside. It would also join other nearby projects in the works, including Pollack Shores Real Estate Group’s apartment development at 16th and Mecaslin.

Read more: Douglas Sams, Atlanta Business Chronicle

 

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