Carter may develop two $50 million Buckhead projects

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Atlanta-baseddeveloper Carter is hoping to launch two $50 million projects in south Buckhead—onea health care facility near Piedmont Hospital in 2013 and the second an officetower atop a parking deck at Lindbergh City Center—according to an Atlanta Journal-Constitutionarticle today.

After aseries of recent projects outside Georgia, the company now is setting its sightswithin the state.  “We’re incrediblyhopeful that we can have some development in Atlanta in the near future,” CarterPresident Scott Taylor told the AJC.  
Newdevelopment here would represent a homecoming of sorts for the company. It is developinga $50 million project in Columbus, Ohio, a $73 million mixed-use deal inCincinnati and a $40 million student housing complex in Oxford, Miss. It alsoplans about $100 million in deals in Louisiana and Oklahoma.
Taylor toldthe AJC those projects are part of the company’s new focus after selling itsproperty management groups to Cassidy Turley last year. He said Carter’sstrategy now includes developing student housing and multifamily and mixed-useprojects, along with an expanded consulting practice.
A keyfocus, Taylor said, is tackling complex, large-scale public-privatepartnerships. He told the AJC Carter also considered a bid to redevelop thesprawling GM site in Doraville and is reviewing other projects across the metroarea. “We need to see some more job creation for us to really turn the corner.”