The tackle identifies a particular location in Atlanta, Georgia. It capabilities as a novel identifier for a property, serving as a degree of reference for navigation, supply companies, and official data. For instance, directing an ambulance or a meals supply driver requires figuring out the precise coordinates of the vacation spot, which the tackle offers.
This place is important as a result of it usually represents a hub of exercise, probably housing a enterprise, residence, or establishment. Understanding the historical past and function of what’s situated there offers perception into the native financial system, group improvement, and concrete planning of the encircling space. Its location additionally provides worthwhile data on actual property values and funding potential.
The next sections will delve deeper into the kinds of institutions or residences probably discovered on the recognized coordinates and their broader influence on the town of Atlanta.
1. Georgia Tech Proximity
The placement at 1050 Techwood Drive Atlanta derives appreciable affect from its proximity to the Georgia Institute of Expertise (Georgia Tech). This adjacency creates a symbiotic relationship impacting actual property values, demographics, and industrial actions. The college’s presence drives demand for housing from college students, school, and employees, resulting in elevated residential density and rental charges within the instant space. For instance, house complexes and condominium developments close to the campus cater particularly to the Georgia Tech group.
Business enterprises additionally profit from the college’s presence. Eating places, bookstores, and technology-related companies thrive by serving the wants of scholars and school. Moreover, Georgia Tech’s analysis actions generate alternatives for collaboration and innovation, attracting corporations looking for to leverage the college’s experience. An actual-world instance of that is the Expertise Sq. space, a cluster of company workplaces and analysis amenities immediately adjoining to the campus, immediately influencing the financial panorama within the surrounding blocks, together with these round 1050 Techwood Drive.
In conclusion, the hyperlink to Georgia Tech profoundly shapes the traits of properties resembling 1050 Techwood Drive. Its affect extends from housing demand and rental charges to industrial alternatives and innovation. Understanding this connection is essential for assessing the true property potential, financial prospects, and total group dynamics of the situation, making proximity to the institute a big issue for consideration.
2. Midtown Location
The positioning of 1050 Techwood Drive Atlanta inside Midtown is pivotal to its character and performance. Midtown Atlanta represents a nexus of economic, residential, and cultural exercise. Consequently, its location inside this district confers particular benefits and shapes the actions that happen there.
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Accessibility and Connectivity
Midtown’s built-in transportation infrastructure, together with MARTA rail strains and main thoroughfares, immediately impacts entry to and from 1050 Techwood Drive. Companies and residents profit from ease of connectivity to different components of Atlanta and the broader area. For instance, its proximity to I-75 and I-85, coupled with public transit choices, enhances its attractiveness as a enterprise location.
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Business Hub
Midtown is a outstanding industrial middle, internet hosting company headquarters, workplace buildings, and a various array of retail institutions. This industrial focus fosters a business-friendly setting, with networking alternatives and entry to a talented workforce. The prevalence of companies within the neighborhood of 1050 Techwood Drive generates each competitors and collaboration, influencing market dynamics.
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Cultural and Leisure Facilities
The presence of cultural establishments just like the Excessive Museum of Artwork, the Fox Theatre, and quite a few eating places and leisure venues contributes to Midtown’s attraction. These facilities improve the standard of life for residents and supply leisure choices for workers working within the space. This accessibility to cultural and leisure sources impacts the worth proposition of areas inside Midtown, together with 1050 Techwood Drive.
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Residential Density
Midtown options a mixture of high-rise residences, condominiums, and townhouses, leading to a excessive inhabitants density. This residential focus helps native companies and creates a vibrant city setting. The demand for housing in Midtown impacts property values and improvement patterns within the surrounding space, together with properties on Techwood Drive.
The convergence of accessibility, industrial exercise, cultural facilities, and residential density inside Midtown considerably influences the traits and attraction of properties situated there, exemplified by 1050 Techwood Drive. These elements contribute to its financial viability, social dynamism, and total attractiveness as a spot to reside and work.
3. Business Zoning
Business zoning laws relevant to 1050 Techwood Drive Atlanta exert a direct affect on the kinds of actions permitted at that location. These laws dictate whether or not the property can be utilized for retail, workplace house, eating places, or different industrial ventures. The precise zoning designation determines constructing top restrictions, parking necessities, and permissible makes use of, shaping the potential improvement and enterprise operations on the location. For instance, a zoning designation would possibly allow a multi-story workplace constructing however prohibit a residential complicated. This immediately impacts the financial alternatives and bodily traits of the situation.
The interaction between industrial zoning and the potential makes use of of 1050 Techwood Drive extends to financial influence. Business zoning helps job creation, attracts companies, and generates tax income for the town of Atlanta. The permitted makes use of affect property values and lease charges, making a aggressive setting for companies. Moreover, industrial zoning usually contains tips selling aesthetic requirements and concrete planning concerns, guaranteeing harmonious integration with the encircling group. Think about the development of a mixed-use improvement; zoning laws would govern the proportions of retail, workplace, and residential house, influencing the general viability and influence of the venture.
In conclusion, the industrial zoning designation of 1050 Techwood Drive Atlanta serves as a foundational aspect governing its improvement and financial prospects. The laws decide permissible makes use of, constructing traits, and influence on the encircling group. Understanding these zoning parameters is important for assessing the feasibility of enterprise ventures, evaluating actual property investments, and predicting the longer term improvement of the world. The interaction between zoning and the precise traits of 1050 Techwood Drive considerably shapes its position inside the broader city panorama of Atlanta.
4. Residential Choices
Residential choices within the neighborhood of 1050 Techwood Drive Atlanta are a big consider figuring out the world’s character and attraction. These choices cater to a various inhabitants, influencing property values, group demographics, and native facilities.
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Residence Complexes
Excessive-rise and mid-rise house complexes represent a considerable portion of the residential panorama close to 1050 Techwood Drive. These models usually goal college students, younger professionals, and people looking for proximity to Georgia Tech and Midtown’s industrial middle. Rental charges and occupancy ranges are immediately affected by the demand for housing on this space. For instance, newly constructed house buildings usually command premium charges on account of fashionable facilities and site benefits.
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Condominiums
Condominium developments provide an possession various to house leases. These models attraction to people looking for long-term residence and funding alternatives. The provision and pricing of condominiums close to 1050 Techwood Drive are influenced by elements resembling constructing age, facilities, and views. Older condominium buildings would possibly provide extra inexpensive choices in comparison with newer, luxurious developments.
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Townhouses
Townhouses present a mix of single-family residing with the comfort of city proximity. They sometimes function a number of tales and personal entrances, interesting to households and people looking for extra space and privateness than residences or condominiums. The restricted availability of townhouses within the instant neighborhood of 1050 Techwood Drive usually leads to greater demand and elevated property values.
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Scholar Housing
Goal-built scholar housing caters particularly to the Georgia Tech scholar inhabitants. These amenities usually embody facilities tailor-made to scholar wants, resembling classrooms, widespread areas, and shuttle companies to campus. The proximity of scholar housing to 1050 Techwood Drive contributes to the world’s dynamic and youthful ambiance, whereas additionally impacting the provision of common residential choices.
The number of residential choices round 1050 Techwood Drive Atlanta collectively shapes the group’s composition and contributes to the world’s vibrant city setting. The interaction between these choices influences actual property values, rental charges, and the general high quality of life. Understanding the residential panorama is essential for assessing the world’s potential for each residents and traders.
5. Transportation Entry
Entry to transportation infrastructure considerably impacts the desirability and performance of 1050 Techwood Drive Atlanta. The provision of assorted transportation modes immediately impacts the benefit with which residents, workers, and guests can attain the situation, thereby influencing its financial vitality and residential attraction. The proximity to main roadways, public transit choices, and pedestrian-friendly infrastructure are key elements of this accessibility. For instance, being located close to a MARTA (Metropolitan Atlanta Fast Transit Authority) station or a significant freeway interchange interprets to better comfort for commuters and facilitates the motion of products and companies.
The presence of sturdy transportation choices additionally influences the kinds of companies and residential developments that thrive within the space. Places with superior transportation entry are sometimes extra engaging to corporations looking for to attenuate commuting occasions for workers and streamline logistics operations. Equally, residential properties close to public transportation hubs are likely to command greater costs because of the comfort afforded to residents. Think about the influence of the Techwood Drive hall itself; its position as a significant artery facilitating north-south motion via Midtown contributes to the general accessibility of the situation and influences property values alongside the route. Additional concerns embody pedestrian walkways, bicycle lanes, and ride-sharing companies, all of which collectively improve the accessibility of 1050 Techwood Drive and contribute to its total attractiveness.
In abstract, transportation entry is a crucial determinant of the success and viability of 1050 Techwood Drive Atlanta. The mix of roadways, public transit, and pedestrian infrastructure immediately shapes the comfort, financial exercise, and residential attraction of the situation. Understanding the nuances of transportation entry is important for evaluating actual property investments, assessing enterprise alternatives, and predicting the longer term improvement of the world. Improved connectivity persistently interprets to enhanced worth and better potential for development.
6. Financial Influence
The financial influence related to 1050 Techwood Drive Atlanta is multifaceted, stemming from the property’s location and potential use. The presence of a industrial institution, residential complicated, or mixed-use improvement at this tackle generates financial exercise via employment, income technology, and contribution to native taxes. For instance, a big workplace constructing situated at this tackle would offer jobs for Atlanta residents, help native companies via worker spending, and contribute to the town’s property tax base. The precise nature and scale of the financial influence are immediately associated to the kind of entity occupying the situation and its operational scope.
Moreover, the proximity of 1050 Techwood Drive to Georgia Tech considerably enhances its financial significance. The college’s presence fosters innovation, attracts expertise, and stimulates demand for housing, retail, and companies within the surrounding space. The financial ecosystem created by Georgia Tech extends to properties like 1050 Techwood Drive, probably rising property values, attracting companies looking for proximity to analysis and improvement alternatives, and driving demand for scholar housing. As an illustration, startups incubated at Georgia Tech would possibly select to find their workplaces close by, contributing to the financial vitality of the world.
In conclusion, the financial influence of 1050 Techwood Drive Atlanta is a perform of its intrinsic worth, location benefits, and connection to the broader financial panorama of Midtown and Georgia Tech. The positioning’s potential to generate employment, contribute to tax income, and profit from the college’s financial affect underscores its significance to the native financial system. Understanding these financial dynamics is essential for assessing funding alternatives, city planning initiatives, and the general financial well being of the world.
Continuously Requested Questions Relating to 1050 Techwood Drive Atlanta
This part addresses widespread inquiries and offers factual data associated to the property and site at 1050 Techwood Drive Atlanta. The intent is to make clear elements regarding its attributes and relevance.
Query 1: What sort of entities are generally discovered at this tackle?
The tackle could home a variety of institutions, together with workplace buildings, residential complexes, retail areas, or mixed-use developments. The exact sort of entity depends upon zoning laws and present tenants.
Query 2: How does proximity to Georgia Tech affect this location?
Its proximity to the Georgia Institute of Expertise considerably impacts property values, rental charges, and the kinds of companies that function close by. It fosters demand for housing, retail, and companies catering to college students and school.
Query 3: What are the transportation choices obtainable within the space?
The placement advantages from entry to main roadways, public transportation through MARTA, and pedestrian-friendly infrastructure. These choices facilitate commuting and accessibility to different components of Atlanta.
Query 4: How does industrial zoning have an effect on the potential makes use of of the property?
Business zoning laws dictate permissible makes use of, constructing top restrictions, and parking necessities. These laws immediately influence the kinds of companies and developments allowed on the tackle.
Query 5: What are typical residential choices within the surrounding space?
Residential choices embody house complexes, condominiums, townhouses, and scholar housing. These decisions cater to a various inhabitants, influencing the group’s composition and dynamics.
Query 6: What’s the common financial influence of 1050 Techwood Drive Atlanta on the native space?
The presence of a industrial or residential entity at this tackle contributes to the native financial system via employment, income technology, and tax contributions. Its proximity to Georgia Tech additional amplifies its financial significance.
In abstract, the importance of 1050 Techwood Drive Atlanta stems from its location inside Midtown, its proximity to Georgia Tech, and the interaction of zoning laws and transportation entry. These elements collectively form its identification and contribute to its financial and social relevance.
The following article part will discover potential funding concerns associated to properties resembling 1050 Techwood Drive Atlanta.
Funding Issues Regarding Places Resembling 1050 Techwood Drive Atlanta
Evaluation of funding prospects referring to properties in areas exemplified by 1050 Techwood Drive Atlanta requires a complete understanding of a number of key elements.
Tip 1: Analyze Zoning Laws: Rigorously consider the relevant zoning laws to find out potential makes use of. Business or mixed-use zoning designations provide alternatives for numerous enterprise ventures, impacting potential returns. Restrictive zoning could restrict improvement choices.
Tip 2: Assess Georgia Tech Proximity: Acknowledge the affect of the Georgia Institute of Expertise. The college’s presence drives demand for housing, retail, and companies, creating alternatives for traders focusing on the coed and school inhabitants.
Tip 3: Consider Transportation Entry: Prioritize areas with handy entry to main roadways, public transportation, and pedestrian infrastructure. Improved accessibility enhances property values and attracts tenants, positively affecting funding yields.
Tip 4: Analysis the Midtown Market: Acquire insights into the dynamics of the Midtown Atlanta actual property market. This contains emptiness charges, rental tendencies, and aggressive panorama. A radical understanding of market circumstances informs funding selections.
Tip 5: Mission Potential Rental Earnings: Conduct a radical evaluation to estimate potential rental revenue primarily based on comparable properties and market circumstances. Correct revenue projections are essential for evaluating the profitability of an actual property funding.
Tip 6: Consider Future Growth Plans: Analysis any deliberate infrastructure tasks or improvement proposals within the space. New building or enhancements to transportation networks can positively affect property values and funding returns.
Tip 7: Think about Property Administration Bills: Account for property administration prices, together with upkeep, repairs, and tenant companies. Efficient property administration is important for maximizing returns and preserving property worth.
In abstract, prudent funding selections concerning properties resembling 1050 Techwood Drive Atlanta necessitate cautious analysis of zoning laws, Georgia Tech’s affect, transportation entry, market dynamics, rental revenue potential, improvement plans, and administration bills. A complete evaluation of those elements improves the chance of a profitable funding.
The following article part will current concluding remarks on the assorted elements of 1050 Techwood Drive Atlanta.
Concluding Remarks on 1050 Techwood Drive Atlanta
This text has comprehensively examined numerous sides of 1050 Techwood Drive Atlanta. The dialogue included its strategic Midtown location, advantageous proximity to Georgia Tech, relevant industrial zoning laws, obtainable residential choices, accessible transportation infrastructure, and total financial influence. Every of those elements contributes to the situation’s identification and inherent worth.
Understanding the interaction of those parts is crucial for assessing the location’s potential for improvement, funding, and contribution to the broader Atlanta group. Additional evaluation and due diligence are important for knowledgeable decision-making regarding this particular location and comparable properties inside the dynamic city panorama.
