Arrested Redevelopment

Law360, New York (November 9, 2011, 7:44 PM EST) -- Up and down Peachtree Street, Atlanta — Georgia’s glitzy artery near our firm’s offices — only a few years ago cranes speckled the skyline as monuments to groundbreaking ceremonies that occurred long before anyone knew of the economic downturn that loomed. The cranes hovered over new high-rise condominium and office projects, as the buildings below reluctantly continued their skyward climb. Back at ground level, their low-lying neighbors were taking note, dreaming of their own potential for property redevelopment to a “higher” use. That redevelopment will certainly...
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