Atlanta, GA
Owner of Underground Atlanta moves forward on adding 30-story tower to historic landmark
Lalani Ventures, owner of Underground Atlanta, announced they’d be building a new mixed-income tower at the historic landmark.
In partnership with Exact Capital, Lalani Ventures is planning to add a 30-story tower at the location, which they say will be the first new development at the site in decades.
On Thursday, Invest Atlanta’s board voted to approve a $40 million tax-exempt bond issuance for Underground Atlanta’s new tower as assistance to finance 163 affordable housing units at the mixed-income tower.
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“Having opened my clothing store, Rowdy, at Underground in the ‘90s, it’s great to see the iconic destination’s entertainment, music and arts come back, complemented with this new mixed-income housing building. That will be a game changer for the area,” Dallas Austin, the Grammy award winning R&B, hip hop, pop and rock producer, 2019 Songwriter Hall of Fame Inductee, film producer and the founder of Rowdy Records, said of the news.
In total, the building will have more than 400 housing units inside.
“The Invest Atlanta board will have an opportunity to review the project again before providing its final resolution in advance of the project closing on its construction loan next year,” a representative for Lalani Ventures said in a statement.
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The full cost of the venture will be an estimated $160 million, with Lalani Ventures and Exact Capital leading development through a joint venture partnership.
“We think this will be the most impactful joint venture in downtown Atlanta,” Craig Livingston, Exact Capital’s Managing Partner, said.
For the 163 affordable units, households at or below 60% of the area median income in Atlanta will be eligible for residence. All of the units in the tower will share the amenities, according to the announcement.
“We’re grateful for the support of Invest Atlanta and the City of Atlanta. The vote on Sept. 19 was an important step in the process. Going vertical allows us to build a beautiful new residential community in downtown Atlanta at Underground,” Lalani Ventures and Underground Atlanta owner Shaneel Lalani said. “This is part of our overall vision to create Atlanta’s top arts and entertainment community. Having residents live right here will create more vibrancy for this beloved property with historic roots, which in turn will have a great impact on downtown Atlanta.”
The companies expect to break ground on the new tower before the end of 2025.
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Atlanta, GA
Golden State takes home win streak into matchup with Atlanta
Atlanta Hawks (19-21, ninth in the Eastern Conference) vs. Golden State Warriors (21-18, eighth in the Western Conference)
San Francisco; Sunday, 8:30 p.m. EST
BOTTOM LINE: Golden State will try to keep its three-game home win streak alive when the Warriors face Atlanta.
The Warriors are 13-5 on their home court. Golden State is 9-12 against opponents over .500.
The Hawks have gone 12-10 away from home. Atlanta ranks second in the league scoring 17.6 fast break points per game. Nickeil Alexander-Walker leads the Hawks averaging 3.9.
The Warriors average 15.9 made 3-pointers per game this season, 2.8 more made shots on average than the 13.1 per game the Hawks give up. The Hawks average 14.5 made 3-pointers per game this season, 2.4 more made shots on average than the 12.1 per game the Warriors allow.
TOP PERFORMERS: Jimmy Butler III is averaging 19.6 points, 5.5 rebounds and 4.9 assists for the Warriors. Stephen Curry is averaging 25.7 points and 5.1 assists over the past 10 games.
Onyeka Okongwu is averaging 16.2 points, 7.8 rebounds and 3.3 assists for the Hawks. Jalen Johnson is averaging 21.1 points over the last 10 games.
LAST 10 GAMES: Warriors: 7-3, averaging 120.1 points, 42.5 rebounds, 30.4 assists, 8.9 steals and 4.6 blocks per game while shooting 47.5% from the field. Their opponents have averaged 115.0 points per game.
Hawks: 4-6, averaging 116.9 points, 42.4 rebounds, 31.9 assists, 10.1 steals and 4.2 blocks per game while shooting 47.1% from the field. Their opponents have averaged 116.0 points.
INJURIES: Warriors: Seth Curry: out (thigh).
Hawks: Kristaps Porzingis: out (achilles), Zaccharie Risacher: out (knee), CJ McCollum: out (quad), N’Faly Dante: out for season (knee), Corey Kispert: out (hamstring).
___
The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
Atlanta, GA
Flood watch expands into metro Atlanta ahead of severe storm threat
Friday evening forecast: Rain train en route
A powerful weather system is currently moving through North Georgia, replacing unseasonable record warmth with heavy rain and potential severe storms. The FOX 5 Storm Team is tracking a “rain train” of moisture that could dump over 4 inches of rain in some areas, prompting active flood warnings across the region.
ATLANTA – A powerful weather front is moving into metro Atlanta, prompting officials to expand flood watches as “wave-after-wave” of heavy rain threatens to saturate the region through Saturday.
The FOX 5 Storm Team warn that storm totals could reach four inches in some areas, with isolated spots in North Georgia potentially seeing up to six inches.
Flood Watch in northwest Georgia
What we know:
A Flood Watch is currently in effect through Saturday evening for a large portion of North Georgia. The region is bracing for widespread rainfall totals of 2 to 4 inches. Some areas could see locally higher amounts reaching up to 6 inches before a cold front moves through Saturday afternoon to end the threat.
“The rain train is wide open and here it comes,” said FOX 5 Storm Team chief meteorologist David Chandley. “We got waves of rain tonight and storms. They’re going to be with us tonight and right on through Saturday.”
In the northwest, the watch includes Bartow, Catoosa, Chattooga, Cherokee, Cobb, Dade, Dawson, Fannin, Floyd, Gilmer, Gordon, Haralson, Lumpkin, Murray, Paulding, Pickens, Polk, Towns, Union, Walker, White, and Whitfield counties.
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Flooding risk, high winds
Local perspective:
Thunderstorms expected overnight and into early Saturday morning are a primary concern.
The primary concern for North Georgia remains damaging winds and heavy rainfall that could lead to flash flooding. While the threat of severe weather is lower Friday night, the FOX 5 Storm Team expects conditions to change as the front arrives Saturday morning.
“Flooding [is] possible in Northwest Georgia with that severe threat,” Chandley said. “I expect we may see some of those [flash flood warnings] across North Georgia late tonight and early tomorrow because that ground is going to be saturated.”
A Level 1 “marginal risk” for severe storms has been issued for most of the area, though regions near Columbus face a slightly higher “slight risk.” Forecasters noted that while the atmosphere currently lacks the instability for massive thunderstorms, a “brief, spin-up tornado” cannot be ruled out on Saturday.
What’s next:
Sunday: Windy and much colder, with highs struggling to reach the 40s and 50s.
Monday: Temperatures are expected to plummet into the 20s by Monday morning.
The Source: This article contains an original forecast by the FOX 5 Storm Team.
Atlanta, GA
Serious crashes block Atlanta’s Downtown Connector, Lawrenceville Highway early Friday
ATLANTA – A major crash involving eight vehicles shut down all southbound lanes of the Downtown Connector early Friday morning, causing significant traffic delays near University Avenue.
What we know:
The crash was reported on Interstate 75/Interstate 85 just before University Avenue, with injuries confirmed at the scene. Traffic was being diverted off the connector at Interstate 20, Exit 247, while the entrance ramp from I-20 to the connector southbound was also closed. Drivers were advised to use Exit 56A to McDaniel Street or alternate routes including Metropolitan Parkway or Interstate 285. The scene was cleared and lanes began reopening around 6:30 a.m. FOX 5 Atlanta is waiting for a final report on what happened.
A separate serious injury crash was also reported in DeKalb County on Lawrenceville Highway westbound between Montreal Road and Interstate 285. All lanes were blocked, and authorities said the incident involved a pedestrian struck by a vehicle. Both investigations were ongoing. The scene was cleared and lanes reopened around 6:45 a.m., according to Georgia Department of Transportation.
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