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
Braves News: Remembering Bobby Cox, strides from Spencer Strider, more
On a sad day overall for Braves Country, due to the passing of the legendary Bobby Cox, Spencer Strider gave Atlanta fans something to be happy and hopeful about with a stellar outing, shutting down the Dodgers potent offense for 6.0 innings with 8 strikeouts and 15 whiffs. He looked as good as he has in a long time. His fastball averaged 96.4 MPH, with 17 inches of induced vertical break and he had four pitches working nicely together. Even if Strider doesn’t quite return to his Jacob deGrom levels of dominance, having him as a true #1 or #2 quality starter would make a huge difference for this Braves team to pair with Chris Sale. Bryce Elder has been great this season, but shouldn’t be the second best starter in the rotation of a World Series contender. If Strider can keep something like Saturday night’s version of himself moving forward, that’s a huge development for him and this team.
Atlanta, GA
A look back at the Atlanta Hawks Draft Lottery Results: Some Luck and a Few Misses
The highly anticipated NBA Draft is finally going to take place tomorrow and the Atlanta Hawks are 1 of 14 teams hoping the ping pong balls bounce their way.
This is going to be the final payoff for what was arguably the best move that any team made last offseason. Atlanta traded down from the No. 13 pick in the 2025 NBA Draft and acquired the unprotected 2026 first-round pick from the New Orleans Pelicans, the most favorable of the Pelicans’ and Bucks’ selections. The Pelicans finished 7th in the lottery odds, and Milwaukee is 10th. Based on the odds, the Hawks have a 40% chance of jumping into the top four.
The last time the Hawks were in the lottery, they jumped from 10th to 1st and selected Zaccharie Risacher. While that was a huge stroke of luck, it has not always worked out that way for the Hawks.
Hawks lottery history
The Hawks have been in the NBA Lottery 16 times since 1985 and in that time span, the Hawks have:
- Moved up five times (2024-moved from 10th to 1st, 2018-moved from 4th to 3rd, 2007- moved from 4th to 3rd, 2001- moved from 5th to 3rd, and 1985- moved from 7th to 5th)
- Moved down five times (2020- moved from 4th to 6th, 2019- moved from 5th to 8th, 2006- moved from 4th to 5th, 2005- moved from 1st to 2nd, and 2000- moved from 5th to 6th)
- Stayed where they were projected to six times
Their biggest move up by far came in 2024 when the moved up to No. 1 and were able to select Risacher, which has not quite panned out.
There is an element of what if to each of these scenarios, especially the years the Hawks moved down. In 2020, they moved down in a draft that contained Anthony Edwards, who is from the state of Georgia and one of the elite players that the league has right now. Atlanta ended up selecting Onyeka Okongwu, but there is a big what if about being able to pair Edwards with Trae Young.
In 2019, the Hawks were 5th in the highly anticipated 2019 lottery that featured Zion Williamson, but they fell three spots. While WIlliamson has not had quite the career most had hoped, he is still an All-NBA caliber player and would have paired nicely with Young as a tandem.
There have been some hits and misses during the 16 times that the Hawks have been in the lottery, but there have seemingly been more missed opportunities, even when they jump up in the standings. They are hoping that they get another stroke of luck tomorrow in what could be a franchise altering day for the Hawks.
Final projected odds for the Hawks:
No. 1- 9.8% chance
No. 2- 9.9% chance
No. 3- 10.1% chance
No. 4- 10.30% chance
No. 7- 19.75% chance
No. 8- 30.18% chance
No. 9- 9.19% chance
No. 10- 0.67% chance
No. 11-
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Atlanta, GA
Atlanta reacts after major 285 shutdown postponed
The Georgia Department of Transportation announced that a major weekend construction project, set to fully shut down two miles of I-285, has been postponed due to inclement weather. Atlantans are relieved, with many looking forward to more freedom to travel this Mothers’ Day weekend. Kim Leoffler has the story.
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