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The Inside Scoop on the People & Places that Shape Atlanta Real Estate
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School Daze: Where Will New Buckhead High School Land? Hear no evil! Speak no evil! See no evil! Students mull over future Buckhead High School. Atlanta Public Schools (APS) needs a new high school to serve the Buckhead area, but there are only so many suitable 20-acre tracts that both fit the school system's needs and make financial sense.
Vacant tracts on Huff Road, Northside Parkway near the Chattahoochee River and the former West Paces Ferry Medical Center site at Howell Mill and Northside Parkway are reportedly in the mix, as are a couple of apartment sites, including Colonial Homes Apartments between Collier and Peachtree roads, the Peachtree Hills Apartments redevelopment site and The Paces Apartments at 77 East Andrews, according to our sources. Some of those sites probably won't work for financial and topographical - read: floodplain - reasons.
"It's hard to find 15 to 20 acres in Buckhead without paying $50 million," said Carter's Rob Adamson, who's marketing the 38-acre Huff Road site on behalf of Brock Built. "There are all kinds of rumors out there about where it could land or if it will even get done."
While there are a number of bureaucratic and permitting hurdles, APS wants to settle on a site and begin construction as soon as possible, district spokesperson Keith Bromery said. APS needs to build the new high school to relieve overcrowding at Sutton Middle School. The current North Atlanta High School site would be converted into a middle school, with the new high school serving the burgeoning area that's seen a marked increase over the past decade in families with school-aged children who are interested in sending their kids to public schools. The new high school will have its own athletic facilities, Bromery said.
"Our schools are attracting more students, which is a good thing, but it creates heightened demand," he said.
When we threw out The Streets of Buckhead as a possible location, former Atlanta Mayor and current Buckhead Coalition President Sam Massell just laughed and said we should run that by Ben Carter, the site's developer.
"I am guaranteeing there will be buildings built there," Massell said of The Streets. "It's a very positive sign that we need a second middle school. Being able to provide quality public education is an absolute necessity."
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Keeping it in the Family:
Jack and John Rooker
John Rooker (left) and Jack Rooker (right) in Jack's office at Rooker Co.
It's not always easy working with family or working for and with your dad, but Jack and John Rooker have a good fit.
After all, Jack Rooker worked with his father, Bill's, warehouse development business in the 1950s and '60s, and John really has a lifetime of experience at the firm. He worked at Rooker as a youth and while a student at The University of Georgia. As a small child, some days Rooker's office served as John's daycare, and, if someone cold called and asked for John Rooker, Jack would tell them, "He's taking a nap."
"John's really been here 30 years if you think about it," Jack Rooker said. "I think we're mentoring him pretty well. I swear I think it's going to work!"
John joined Rooker after graduating from UGA, initially working as an Assistant Project Manager and continuing in leasing, development and dispositions. The family business also gave John an opportunity that most people would not have straight out of college - to work directly with executives who have an encyclopedic knowledge of industrial development, guys like Jerry Cole, Elbert Rivers and Dan Pattillo who've been at Rooker for decades.
"The unique thing for me is that most of the principals have been here 30 years," John Rooker said. "It's not very often that you have such great access to people with so much experience and loyalty."
As for the current state of the market, John Rooker pointed out that it's not necessarily good, but it is better. The company recently closed a lease in Macon and is concentrating on its existing properties in Newnan, the I-20 West submarket and the Northeast submarket, where it has 400 acres in Commerce. With licenses in the Carolinas, Kentucky and Virginia, Rooker also is looking at out-of-state development and construction opportunities.
"We're trying to lease the product we have and chase build-to-suits," John Rooker said. "Right now, there's more build-to-suit activity - at least people acting like they're in the market - than at any point last year."
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No! We Said Raise a Glass!!
Left to right: Charles Holloway, Sonia Winfield, Brad Hartel, Glenn Kolker, Bruce Propst, Kirk Diamond, Mike Shelly and Richard Courts.
The Rooster was invited to a pretty elite and intimate party at Maggiano's Buckhead last night, where Mike Shelly of Carter honored the firm's top producers for the year. Kirk Diamond was recognized as the Overall Top Producer for the year while Brad Hartel was recognized for closing the most transactions. Congrats to all for jobs a la tough market conditions well done!
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You Blew the Roof Off the Coop!
Wow. And THANK YOU! We are humbled by the amazing response to the invitation to our premiere event, which takes place next Thursday evening at Tavern 99 in Buckhead. When more than FIVE HUNDRED of you responded, we were forced to close registration to protect and honor the limits of comfort for the venue. No worries if you didn't make it in this time; we will have another event in a month or two. Stay tuned, as we are actively planning for our bursting seams.
We would like to extend a special thanks to our great sponsors, as we could not have carried out these incredible plans alone! Cousins, Hartsfield Centre (leased and managed by our friends at Carter), VeenendaalCave, Rooker and Hardin Construction play a tremendous part in this fabulous Rooster party premiere and we can't thank them enough! See you all next week!
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