Atlanta-based developer Carter has landed a string of major recent projects outside Georgia, and now is setting its sights within the state in hopes of sniffing out some promising deals.
Company president Scott Taylor said the company is hoping to launch a $50 million project for a health-care facility near Piedmont Hospital in 2013 and is considering another $50 million plan to build an office tower atop a parking deck at Lindbergh City Center.
“We’re incredibly hopeful that we can have some development in Atlanta in the near future,” said Taylor.
New development here would represent a homecoming of sorts for the company.
It is is a developing a $50 million project in Columbus, Ohio, a $73 million mixed-use deal in Cincinnati and a $40 million student housing complex in Oxford, Miss. It also plans about $100 million in deals in Louisiana and Oklahoma.
Taylor said the projects are part of the company’s new focus after selling its property management groups to Cassidy Turley last year. Carter’s strategy now includes developing student housing and multifamily and mixed-use projects, along with an expanded consulting practice.
A key focus, Taylor said, is tackling complex, large-scale public-private partnerships like The Banks, the vibrant 18-acre mixed-use center the company helped develop in downtown Cincinnati. Carter also considered a bid to redevelop the sprawling GM site in Doraville and is reviewing other projects across the metro area.
“Atlanta will continue to see modest opportunities for growth,” Taylor said. “We need to see some more job creation for us to really turn the corner. The opportunities for development will be intermittent but that’s not stopping us from looking.”
