ATLANTA—Atlanta's emergence from the commercial real estate recession with new development on multiple fronts is creating excitement and enthusiasm. That's how William D. Montgomery, head of the Commercial Real Estate Practice Group at Chamberlain Hrdlicka in Atlanta, sees it.

But there is a “however” in his mix. The “however” is this: The enthusiasm is tempered by caution because some veteran observers believe certain segments will not support all of the announced and under construction new projects.

“These include: high-rise upscale condominiums in Midtown and Buckhead and multiple new hotels proposed for mixed-use developments in addition to those contemplated as adjuncts to the new Falcons and Braves stadiums,” Montgomery tells GlobeSt.com. “High-end multifamily projects are at risk of oversupply since they were the development option of choice resorted to during the recession.”