Wednesday, October 19, 2016

Bits & Bites

The Greenhouse will soon be gone from Ponce de Leon Avenue 
After a number of delays, the "Murder" Kroger on Ponce de Leon Avenue will close for good on October 28th.  The store and surrounding property, totaling 5.5 acres, will be redeveloped into "725 Ponce,"  a mixed use development that will feature a new 12-story office building built over a 60,000-square-foot Kroger.  The $190 million dollar project from Atlanta-based New City LLC was first announced this past January but was delayed a number of months reportedly due to financing difficulties.  In the end, New City secured J.P. Morgan Asset Management as its capital partner. Birmingham-based Brasfield & Gorrie will serve as the project's general contractor.  Demolition of the current Kroger store could begin as early as mid- November.  The office building is set to be finished by the end of 2018, with the new Kroger expected to open in early 2019. 

Tuesday, October 18, 2016