ATLANTA-Citing a largely undeveloped pocket 30 miles away in Henry County, commissioners voted 4 to 1 against Unified Residential's plan to develop a 164-home subdivision next to a sports shooting range owned by Brad Bradford Realty.
KISSIMMEE, FL-Texas-based FaulknerUSA wants Osceola County to raise its hotel bed tax to 6% from 5% to shore up a future public revenue bond issue that would finance the construction phase.
ATLANTA-Developer Margaret Sapp of Kennesaw, GA wants the county to rezone 340 acres for 491 townhomes and single-family residences. Another developer, Tho Associates, wants the town of Ball Ground, GA to annex 158 acres for 227 homes.
CARTERSVILLE, GA-Atlanta's suburbs continue to expand as developers submit plans to state agencies for Cartergrove Plantation, a subdivision that would have 3,350 single-family and townhomes, 70 acres of commercial, 52 acres of public space and 700 acres of green space.
ATLANTA-The Georgia Properties Commission allowed two options to pass without purchasing the 1,500-acre tract in Morgan County from Jefferson Lamar Banks for an estimated $13 million, area industrial real estate brokers familiar with the deal tell GlobeSt.com.
WINTER HAVEN, FL-The Trust For Public Land, which has contracted to buy 142 acres of the 159-acre water sports attraction for $22 million by Feb. 24, has rejected one low re-purchase bid and is reviewing another it has received from a private developer for the prime property.
ORLANDO-New jobs and a drop in construction activity are expected to bolster the area's 140,000-unit inventory in occupancy, rents and sales, according to separate third-quarter studies by the local offices of Marcus & Millichap Real Estate Brokerage Services Inc. and CB Richard Ellis Inc.
ATLANTA-Coca-Cola Co. has retained a three-company group, Holder Manhattan Moody, to provide pre-construction services for the new World of Coca-Cola Museum. The adjacent $200 million Georgia Aquarium is scheduled to open in 2005.
ATLANTA-John M. Leonard, regional manager of the Encino, CA-based firm's local office, ranks the city 15th on a 38-city growth analysis scale for 2004. Business expansion and declining construction will buoy the market next year here, despite existing 20% vacancy rates in some submarkets, he says.
DAYTONA BEACH, FL-The Miami-based developer is running into opposition from city officials and local merchants who remain unconvinced the city should seize 10 prime oceanfront acres and sell it to Swerdlow Group under the state's eminent domain law which largely governs the construction of roads and bridges.