191 Peachtree

A partnership between Banyan Street Capital and funds managed by Oaktree Capital Management has acquired the 50-story office tower 191 Peachtree in Downtown from Cousins Properties. The new owner has retained Cushman & Wakefield as leasing agent, while Cousins Properties will continue to manage the property.  The building is home to the Robert W. Woodruff Foundation, Deloitte, Cooper Carry, Hall Booth Smith and The Commerce Club. The Metro Atlanta Chamber is also relocating to the building this year.

The City of Atlanta has earned its fourth consecutive perfect score on the Human Rights Campaign’s 2016 Municipal Equality Index (MEI). This year, the city received a total of 104 points, exceeding previous years’ scores. Atlanta was once again the only city in Georgia to receive a perfect score in the index. “I am very proud of the City of Atlanta’s fourth consecutive perfect score on the Human Rights Campaign’s Municipal Equality Index,” said Mayor Kasim Reed in a media statement. “My administration has worked to make sure our policies and practices speak to our values. Our performance shows that our work is making a difference to Atlanta’s LGBT community, and setting the standard for cities in the Southeast.” The MEI is a report that rates 506 municipalities around the country on their inclusivity of gay, lesbian, bisexual and transgender (LGBT) residents and employees, on the basis of laws, policies and services.

The Atlanta Department of Planning and Community Development has launch the Mechanicsville Cityside initiative, the first scattered site development in the city. The project offers newly-built or renovated homes with affordable rents for working families. Families will rent the units for the first 15 years of occupancy, and will then have the opportunity to purchase the home. Scattered site developments distribute affordable housing units in income-diverse neighborhoods, promoting greater economic inclusion. The Cityside development is spread over one square mile of land in the southeast Atlanta neighborhood. The project consists of 66 new construction, single family homes being built on acquired vacant land and on land where formerly vacant single-family homes were demolished. Eight single family homes will be renovated for occupancy. Currently, seven homes are completed.

 

Collin Kelley

Collin Kelley has been the editor of Atlanta Intown for two decades and has been a journalist and freelance writer for 35 years. He’s also an award-winning poet and novelist.