Area brokers tell GlobeSt.com the newest venture involveslocally based Novare Group and Wood Partners who plan a Decemberground breaking on a 27-story, retail-oriented condominium tower onthe 1.8-acre site of the former Atlanta Cabana Motor Hotel inMidtown.

Novare-Woods' joint venture partners are developer George Rohrigand his associates, Charlie and Robin Loudermilk. Rohrig-Loudermilkowned the former Cabana Motor Hotel at Peachtree and SeventhStreets.

The newest Novare-Woods venture follows the developers' groundbreaking last week of a 21-story apartment complex expected to openby year end 2004 on Pharr Road in the affluent Buckheaddistrict.

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