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Atlanta Business Chronicle
Salvation Army plans $31M Downtown expansion
The Salvation Army is building a five-story addition to its Downtown Atlanta homeless shelter on Marietta Street. The $31 million project, called Center of Hope, will double the shelter’s size to more than 90,000 square feet, and include space for workforce training. <\p> Brasfield & Gorrie is the general contractor on the project, which is expected to be completed by October 2025. <\p>
Michelin expands OTP: 'Good dining isn’t confined to the city'
Chef Brian So of Spring never thought he’d be able to achieve a Michelin star working in Atlanta, no less Marietta.<\p> Spring has received national acclaim since opening in 2016 off of Marietta Square, including James Beard award nominations, but it wasn't in Atlanta's inaugural Michelin Guide. <\p>
UGA ministry revamp includes student housing
A real estate investment company based in metro Atlanta aims to relocate the hub of an on-campus ministry at the University of Georgia.<\p> Hundreds of new apartments and amenities for students are also slated for the project.<\p>
Delta, CrowdStrike sue each other
Delta Air Lines and CrowdStrike Holdings are flinging lawsuits at one another, following a botched software update that downed thousands of flights this summer and allegedly cost the airline $500 million.<\p> Delta filed a complaint in Fulton County Superior Court on Friday that takes aim at CrowdStrike's testing procedures and transparency. On the same day, CrowdStrike filed a complaint in the U.S. District Court for the Northern District of Georgia denying Delta's claims that the cybersecurity company is responsible for the airline's woes during its July flight meltdown.<\p>
Gusto founder plots regional expansion
At the core of Nate Hybl’s vision for his healthy fast-casual chain, Gusto, is creating and building a “sticky” culture.<\p> What the CEO means by that is he wants his homegrown brand to be led with “heart” principles such as compassion and thoughtfulness, and for people to join his team because they see the potential for growth — personally and professionally.<\p>
CBRE names Atlanta managing director
CBRE Group Inc. has named a new leader for its Atlanta office.<\p> Betts Ervin has been promoted to managing director of occupier services, effective Nov. 1. She will be responsible for leading tenant representation brokers across the office, industrial and retail sectors. <\p>
How to score free tickets for Atlanta United vs. Messi
Atlanta United will play its biggest game in years when it hosts Lionel Messi and Inter Miami for a Major League Soccer playoff matchup at Mercedes-Benz Stadium on Saturday night.<\p> Owner Arthur Blank wants to help pack the house with United fans by giving away 10,000 tickets for the second of the three-game series.<\p>
Workers are burned out, and one group of employees is feeling it most
The last few years haven’t exactly been stress-free, and it's left a majority of frontline workers with a sense of burnout.<\p> New research from workforce-management company UKG and consultancy Workplace Intelligence shows that 75% of nearly 13,000 frontline workers from around the world say they feel burned out. That response was highest among Gen Z workers, with 83% of those frontline workers reporting a sense of burnout.<\p>
'Size is back': AIG reflects revival of big office leases
A new 1,200-employee hub for American International Group Inc. is a reminder of the big office leasing deals that spur confidence in Atlanta’s economy.<\p> AIG will occupy 180,000 square feet in a Brookhaven tower overlooking Interstate 285, tripling its current office space in metro Atlanta. It aims to consolidate current employees in its Buckhead and Alpharetta offices into the new Perimeter hub. It also plans to hire another 600. <\p>
Commercial foreclosures rise as lenders approach 'inflection point'
Commercial foreclosure activity across the nation crept up last month despite more positive sentiments overall across the commercial real estate industry.<\p> Foreclosure activity on U.S. commercial properties rose in September from the month prior, to 695, according to Attom Data Solutions LLC. The property data firm's analysis includes the total number of commercial properties with at least one foreclosure filing entered into its Data Warehouse during the month. It doesn't distinguish property types or sectors.<\p>
More companies are putting pay details in job listings
The number of job postings that list salary information continues to climb — and they tend to attract more competitive candidates.<\p> Indeed’s Hiring Lab found in a study released Oct. 23 that 57.8% of job postings on Indeed in September contained some salary information, up from 52.2% during the same time in 2023. Although the rate of growth has slowed from previous years, the rate still grew in 95 of the 110 metropolitan areas Indeed tracked. <\p>
Managers trim staff by dialing up return-to-office policies
Editor’s Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> As more organizations implement return-to-office policies, more CEOs are explaining why they're opting to bring workers back to the office. Connectivity and collaboration are frequently cited reasons, but that's not true across the board. <\p>
Downtown sees largest apartment wave in decades
Downtown is experiencing its largest wave of announced apartment projects in at least 20 years, a byproduct of an unprecedented influx of infrastructure dollars into the city's central business district.<\p> Collectively, the projects include well over 2,000 units, such as massive conversions of office space proposed for the 52-story Georgia Pacific tower and the 41-story 2 Peachtree building. <\p>
MARTA will seek design firm help for rapid transit
MARTA is coming up with the final design for a major transit route planned for the de facto main street of Southwest Atlanta.<\p> The agency's Planning and Capital Programs Committee on Thursday recommended starting the search for an architectural and engineering consultant to complete the design work for the Campbellton Rapid project. The 5.3-mile bus rapid transit line would connect the Oakland City rail station to the Barge Road park-and-ride, with stops at Greenbriar Mall, Fort McPherson and other locations.<\p>
Six growing cities score federal funds to upgrade infrastructure
Six smaller Georgia cities will be getting a combined $13 million from the federal government to upgrade and repair aging natural gas pipes, which are municipally owned.<\p> The improvements, funded by the Pipeline and Hazardous Materials Safety Administration, are meant to increase safety, reduce greenhouse gas emissions and shrink energy bills for families and businesses in these growing communities.<\p>
Lifetime Achievement winner: A master Georgia dealmaker
Editor's Note: The lifetime achievement honor for Joe Evans was part of Atlanta Business Chronicle's Deals of the Year Awards, focusing on mergers and acquisitions activity, the dealmakers behind those investments and effects on the local economy. The event was held Oct. 24.<\p> Retired Georgia banker Joe Evans, 75, is back where it all began — on his sixth-generation family farm of nearly 1,100 acres.<\p>
East Georgia plant expansion bringing 110 jobs
A multinational manufacturer of electrical energy equipment is expanding its plant near Waynesboro, which is developing into a hub for energy-related businesses.<\p> TMC Transformers USA Inc. says it will invest more than $15.3 million over five years in the Burke County project, which is expected to create 110 new jobs. The company first opened its United States plant in 2023.<\p>
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