Legacy principals have told the city there is no other spot on the building to affix the sign because other structures near the nearby $200-million, 500,000-sf Georgia Aquarium would block it from customer's view. In Legacy's corner on the sign issue is the Neighborhood Planning Unit that oversees new development in the area where the 1996 Olympic Games were held. That group has already approved the sign.
Now the final request by Legacy for a variance goes to the city's Board of Zoning Adjustment. "It's my professional opinion, based on years of watching development in and around historical areas of this city, that the board will give Legacy a waiver" on the sign's height, a long-time Downtown retail broker tells GlobeSt.com.
Legacy plans 17,000 sf of retail within its condo building. In June, the developer plans to break ground on a 108-suite hotel, 75,000 sf of retail and a 500-space, nine-story parking garage near the nine-acre Aquarium site.
At a nearby 36,000-sf building at 300 Marietta St., the developer also plans to lease the former Adidas property to six restaurants in time for the planned November opening of the Aquarium attraction.
And in still another development, Legacy plans to redevelop the 80-year-old, 10-story Glenn Building at 120 Marietta St. as a 120-room hotel. Legacy bought the 56,100-sf former Federal Reserve Bank of Atlanta headquarters building from the Atlanta-Fulton County Recreation Authority in 2004 for $2.8 million, as GlobeSt.com previously reported.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.