ATLANTA—This is the time of the year when you see a lot of predictions roll in about the next 12 months. I've been talking with a lot of folks about what they expect to see happen in 2015.
As part of a series of exclusive interviews, one of the market experts I asked was Brian Leary, president of Crescent Communities' commercial and mixed-use group. He is zeroing in on Atlanta and tells us the metro is “extremely unique” and perhaps even a “national anomaly.”
What justifies these descriptors? Atlanta opens three major retail destinations in the span of 12 months in Buckhead Atlanta, Avalon and Ponce City Market—all mixed-use, he says, and all designed and constructed to the highest degree.
“These will all be very well received and will experience the type of traffic that will see back-ups blocks away as people flock to an experience very rarely delivered in the Atlanta region but for Atlantic Station, Midtown, Decatur. and the Vinings,” Leary says. “Low gas prices will give everyone a little extra consumer confidence heading into the holidays, which will most likely provide some much-needed tailwinds for 2015.
If you want to read earlier articles in this series, check out: Is Now the Time to Develop in Atlanta?; How the Internet Changed Atlanta Industrial; and This Employment Trend Could Cause Trouble.
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