A mere four-and-a-half years after it first announced the project, Atlanta REIT Post Properties says it’s just about ready to begin construction on a somewhat revised 5-story, 242-unit apartment building on Richmond Ave, just west of the Downtown Spur. The latest First Montrose Commons Newsletter features these black-and-white images of the project, along with a few more details that were announced to the neighborhood organization last month. Unlike the Post Midtown, this building on the 5-sided block surrounded by Richmond, Jack, Colquitt, Garrott, and Milam won’t include any retail space. A parking garage tucked into the structure will have 1 1/2 spaces per bedroom and point driveways toward Richmond and Colquitt. The Wheeler light-rail station sits 3 blocks east of the construction site, on the other side of Spur 527.
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It’s not that county officials weren’t looking for some big new thing to do with it, argues Cynthia Neeley. The big problem was they stopped taking care of it while they waited for the sports stadium’s grand new future to arrive: “Let’s add up just a few things: $18.8 million for the lease buy-out, $517,000 for repairs to qualify for temporary occupancy for the Rodeo, $3,210 for that final inspection and permit, $50,000 for a workshop to study future use of the Astrodome, $50,000 more for consultants to study the workshop study; grand total is $19,420,210. . . . Does it bother anyone else that . . . the Sports & Convention Corporation spent that whopping amount and we still have a building doing nothing? And that millions upon millions of potential revenue have been lost? And that whatever grand plan is in its future is going to cost us millions more? In 2007, the year before Astrodome was closed, there were only seven events in the building for a paltry annual net income of $103,596. Did anybody see ads that the Dome was available for lease for private parties or events? Were there promotions or incentives publicized? 
