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Developers: "Business is back" in city of Atlanta | News

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Developers: "Business is back" in city of Atlanta

ATLANTA -- There was a time when the various Atlanta skylines were dominated by cranes. But when the economy went south, those cranes went away.

Now many projects that were stalled by the recession are set to open next year.

"I would say business is back ...", says Peter McMahon, general manager of the Hyatt Regency.

The latest announcement comes from downtown Atlanta and a famous blue orb.

The Polaris, once the highest point on the Atlanta skyline, will re-open as a revolving restaurant atop the Hyatt Regency.

"We never dreamed it would take 8 or 9 years for it to come to fruition," said McMahon.

But the recession stalled its reconstruction -- not unlike another Atlanta project.

Developers broke ground on the famed Streets of Buckhead project six years ago. But Atlanta's supposed answer to Rodeo Drive lay vacant until last year.

Vacant no more, the newly-named Buckhead Atlanta will also open in 2014.

So will a landmark in Midtown.

Ponce City Market will open in the one-time Sears building and City Hall East in late summer. Its Chelsea Market-like food hall will open in early fall.

"There's a real interest in creating these pockets of density in support of our city that people can be proud of," said Jamestown senior VP Jim Irwin.

These projects will be joined by the Civil Rights Museum, College Football Hall of Fame, and newly renovated Centennial Park downtown.

All sides say this marks the start of the next new wave of Atlanta development.