Commercial fallout ramping up

In this week's Atlanta Business Chronicle, there are articles about potential foreclosure on an Allen Plaza land parcel, the Campanile building in Midtown, and a loan renegotiation effort by Dewberry for One Peachtree Pointe.  (As usual, some of the ABC's articles are un-linkable and/or need subscriptions to read).  While this sort of news was pretty much expected among the real estate community, it doesn't mean it isn't still bad news.

UPDATE: Via Atlanta Unsheltered, I also see that the Flatiron Building is for sale.  Again.  I had noticed recently that it was being offered as office condos per floor, or something like that - it had signs saying "buy this floor" or something.   It was bought under contract recently and was going to be converted into a boutique hotel.  Guess that didn't work out. 

Really, though, this post is a chance to talk about Dewberry's continued use of the phrase "Uptown" to discuss his projects on the northern side of Midtown.  Uptown was actually the name of the Midtown area at some point, although finding a reliable link for that is difficult.  I think I've seen it on an old map somewhere.

At this point, though, it seems silly to keep insisting that a few parcels you own within a submarket deserve to be redefined as a separate area of the city.  The company just keeps insisting on the using the term, though.  Sometimes I get the impression they are using it just as the name of a series of development projects in the area, but mostly I get the impression that they want to call the entire area basically between Pershing Point and 26th street the Brookwood interchange "Uptown".  Dude, get over it, you are in Midtown.