Midtown Real EstateMidtown Atlanta has in the past decade been a fast-growing community with appreciating land and property values, as land is a precious commodity in this urban area. As residents begin to return to the city following decades of suburban retreat from the city center, Midtown Atlanta offers an attractive mix of amenities and attractions, as well as proximity to downtown offices and destinations. The recent construction and opening of the Seventeenth Street Bridge over the Downtown Connector has reconnected Midtown with the west-side of the city. It connects Midtown to a new multi-billion dollar mixed-use development, called Atlantic Station, on the former site of the Atlantic Steel company, which is the site of new housing, office, and retail space. In early 2006, Mayor Shirley Franklin set in motion a plan to make the 14-block stretch of Peachtree Street in Midtown Atlanta (nicknamed "Midtown Mile") a street-level shopping destination envisioned to rival Beverly Hills' Rodeo Drive or Chicago's Magnificent Mile. It has brought a number of stores along the stretch, such as the upscale Kartell. Restaurants such as Piola, Ri Ra Irish Pub, and RA Sushi all have locations in Midtown. Apple has also expressed interest in building a flagship store along the Midtown Mile development.
In addition to the Midtown Mile, Midtown Atlanta has recently seen a hotel boom. With the influx of wealth moving to the area, many luxury hotels had proposed and/or started construction of the hotel. Some of the hotels that are building or have plans to do so in Midtown Atlanta include the Mandarin Oriental, Ritz-Carlton, InterContinental, Hotel Monaco, and. The Four Seasons Hotel, the W Hotel, Hotel Palomar, Loews Hotels already have Midtown locations.
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