EAST-WEST CORRIDOR EXISTING CONDITIONS

EXISTING CONDITIONS : PREVIOUS PLANS & STUDIES

7 recent planning efforts

areas of overlap are of particular interest

EXISTING CONDITIONS : LAND USE

large concentration of institutional uses (light blue)

substantial portion used as parking (grey)

some mixed-use, but mostly 1-4 stories

EXISTING CONDITIONS : ZONING

majority covered by SPI-1 district

Downtown Livability Code expected to be adopted in Summer of 2007

EXISTING CONDITIONS : TRANSPORTATION PATTERNS

Great transit accessibility – 6 MARTA Stations, potential Peachtree Streetcar

One-way streets help move traffic: Piedmont-Capitol/Courtland-Washington and Spring/COP Drive

East-West streets important – MLK Jr. Drive, Memorial Drive, Decatur Street

EXISTING CONDITIONS : PUBLIC SPACE & PEDESTRIAN FRAMEWORK

very little public space compared to northern areas of Downtown

main public spaces at Underground Atlanta, State Capitol and City Hall

pedestrian movement concentrated around civic buildings and to/from MARTA

EXISTING CONDITIONS : PROPERTY OWNERSHIP & ONGOING PROJECTS

majority of property owners are government and educational entities

5 major development projects, 4 of which are by governmental entities

EXISTING CONDITIONS : DEVELOPMENT OPPORTUNITIES

large amount of historic resources (in yellow)

the “Gulch” is largest development opportunity

surface parking lots to west and around Garnett Station are long-term opportunities

many short-term opportunities along Memorial Drive (to east)

HOW SHOULD WE THINK ABOUT THE EAST-WEST CORRIDOR?

EASTERN SUBAREA : ONGOING PROJECTS

Underground Atlanta

City of Atlanta Facilities Expansion

State Capitol Campus Improvements

Capitol Gateway

King Memorial TOD

EASTERN SUBAREA : ISSUES & OPPORTUNITIES

Downtown Connector as a barrier…

Opportunities to further office & institutional development?

How to create a signature public realm?

How to capitalize on proximity to MARTA system?

Name recognition of Underground Atlanta

Relocation of World of Coca-Cola

WESTERN SUBAREA : ONGOING PROJECTS

Vine City Redevelopment

GWCC Long-Term Improvements

Gulch/Multi-Modal Passenger Terminal

Federal Center Improvements and Expansions

“Railroad District” Developments

WESTERN SUBAREA : ISSUES & OPPORTUNITIES

The railroad “Gulch” as “binding element”

Connections to adjacent neighborhoods?

What can be implemented immediately?

How to encourage housing and mixed-use development?

Air-rights development vs. opportunities for future transportation connections

EAST-WEST CORRIDOR MARKET CONDITIONS

6,251 people live here today, expected to grow 39.1% by 2020

Average resident = 31-years-old, African-American, high school/some college, white-collar/service occupation

1,841 households (41% singles)

Median income = $26,138 (higher than Downtown, lower than entire City)

Georgia State University enrollment will increase from 27,200 in 2004 to 36,000 by 2015 (30% increase)

47,704 people work here today - public administration (58.4%), services (20.1%)

3.5 to 4.5 million visitors come annually to visit attractions

MARKET CONDITIONS IN THE EAST-WEST CORRIDOR

MARKET CONDITIONS IN THE EAST-WEST CORRIDOR

2.3 million SF of existing competitive office space in the Corridor with a 15.5% vacancy rate

398,588 SF of retail space, with Underground Atlanta dominating that space, at 220,000 SF

2,041 existing housing units, 85% of which are Multifamily units (69.5% rental)

Average sales price of a home increased from $206,440 in 2004 to $274,229 in 2006

Over 2,500 residential units under development

MARKET CONDITIONS IN THE EAST-WEST CORRIDOR

6 Main Catalytic Projects:Eastside Residential RenaissanceState Capitol Complex Expansion and MallUnderground Atlanta/Five Points MARTA rail stationThe Railroad DistrictExpanding Federal DistrictThe railroad “Gulch”

2006-2020 = projected demand for 7,613 residential (mostly 1 and 2-person households)

Based on 5,729 jobs by 2020, there will be demand for 708,000 SF of additional office space

Existing retail potential of area of $142 million projected to increase to $173 million by 2012