Buckhead absorbs less than 500,000 square feet of office space annually, but more than 2 million square feet is under construction, the report points out.So, that is talking about office development specifically, but the general conditions pretty much apply across the board. So what is Tivoli thinking by going ahead with more condos in Midtown?
[Scott Leventhal, Tivoli’s CEO and president] said construction could begin next year and finish in late 2011 if condo presales and financing fall into place. Soaring more than 700 feet, the tower would be built on just under an acre. Tivoli bought the land then conveyed it to the Fulton County Development Authority to offset future property taxes.Those are some pretty big "ifs". Also, how did they manage to convery the land to Fulton County Development Authority? It's not like that is typical. I can think of plenty of developers who'd love to be able to unload land to the government while in pre-development. Paging Thomas Wheatley - this calls for real reporting! What sort of deal does Tivoli have with Fulton County? Is this some program I am unaware of?