ATLANTA-With the city’s March 17 bid deadline approaching, two new names have joined the two locally based development teams ready and eager to buy and redevelop the 77-year-old, two-million-sf former Sears warehouse-distribution center into a mixed-use urban venture on Ponce de Leon Avenue. Mayor Shirley Franklin wants to do a deal with a developer by June, city staffers confirm to GlobeSt.com.

The multi-million-dollar project would be one of the most challenging in recent city redevelopment annals, brokers following various proposals for the property tell GlobeSt.com. Sam Himmelrich of Baltimore and Simeon Bruner, a principal in the Cambridge, MA-based Bruner/Cott firm are showing interest in becoming active players in the project, area brokers tell GlobeSt.com. Himmelrich’s credentials include retrofitting and leasing a former Montgomery Ward warehouse as an office structure near Baltimore’s Inner Harbor.

Area brokers familiar with Himmelrich’s track record tell GlobeSt.com he worked closely on the Montgomery Ward project with former Baltimore planning commissioner Charles Graves III who relocated to Atlanta in 2002 to assume a similar position with Mayor Franklin’s administration.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.