Home News Little Five Points development canceled, sparing landmark Star Bar

Little Five Points development canceled, sparing landmark Star Bar

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No longer does the proposed development reshape the Little Five Points block and infuse the quirky, colorful neighborhood with denser housing at the expense of the current location of the landmark dive bar and live music venue. .

Atlanta commercial real estate firm Third & Urban, known for its creative use of older spaces throughout the city, plans to transform a 2.5-acre site at Little Five Points where Moreland and Euclid Avenues meet. discarded. Saporta Report First broadcast last month. The development concept called for bulldozing the building that housed his bar for decades, much to the chagrin of many patrons and fans.

Saad & Urban’s leadership revealed the reasons for the company’s decision to exit in the following interview. Atlanta Business ChronicleBut it hasn’t ruled out the possibility of it becoming part of a future redevelopment of the L5P area in question. Hank Farmer, co-founder of Third & Urban, told the paper that he had terminated the contract because it was found to be working against him.

Farmer said the backlash against Third and Urban’s plan to wipe clean the slate on which Starbar operates was an obstacle, even as the bar was invited to take up the basement space of the new building. , which went against the company’s goal of creating interesting urban locations that are supported by the community.

Other issues included rising interest rates that changed the outlook for the project’s financial viability amid continued interest rate hikes by the US Federal Reserve. ABC report.

Change.org petition—”save star bar atlanta– just short of 8,000 signatures.

Not everyone involved sees the cancellation of development as a victory. Lauren Welsh, executive director of the Little 5 Point Community Improvement District, said: ABC This decision will cost school districts a large investment that could have increased the weekday activities currently lacking in L5P.

Courtesy: Third & Urban/Point Center Partners

As revealed in September, Third & Urban has partnered with a six-family local firm operating under the name Point Center Partners to own and recreate the site.

The property’s centerpiece is the circa-1925 Point Center Building, the largest in the area, and is now home to companies such as Avadabaz, Bear and Honey Candles, and Native American Handcrafted Art Jewelery.

The property in question included a building of historical importance, a parking lot, and a school. google map

No specific plans were announced. However, redevelopment generally involves preserving the Point Center buildings, replacing small, underused spaces in the parking lot and surrounding areas with a combination of green space and housing, and creating “affordable micro-units and street access.” According to the announcement provided to Urbanize, shared parking lots for current and future tenants will be mostly hidden underground, and parking fees will be “separated from the apartment rent.” It will allow residents to live without the costs associated with owning a car.” Atlanta.

The current lot of Star Bar would have been demolished to build a new three-story building with a basement bar space, two restaurants on the ground floor, and community-oriented office space overhead.

Third & Urban’s recent projects include Common Ground, home of New Realm Brewing Co. on BeltLine’s Eastside Trail. west side paper.

Established in 1991, Star Bar is synonymous with loud live music, cheap drinks and comedy showcases, with a personality that befits the L5P setting. Closed in 2019, resumed It signed a lease with the landlord last May to keep it open for at least another year under new ownership.

the owner of the bar ABC Alcohol licensing is in the works for 2023, with bands, comedians, and several underground artist markets on the calendar. Star Bar rents will go up next year, but remain affordable, according to one co-owner. Point Center Partners has taken the property off the market and will soon begin discussions on what to do in the long term.

Former Candler Park Pickle Cannery, Two-Story Loft $439,000 (Urbanization of Atlanta)

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