New rendering: Portman plots next Beltline project

• Current tenants include Irwin Street Market (home to the popular Jake's Ice Cream, which this month opened a Hapeville location and is scouting a College Park hub) and Atlanta Bicycle Barn.

Of note: Portman picked up the parcels from John Morrison, who told the Atlanta Business Chronicle he bought them in the early 2000s for $230,000 — back when they butted up to an overgrown and unused set of railroad tracks.

• Today the properties face the Beltline, making Morrison one of the luckiest real-estate investors in modern Atlanta history.
• Morrison plans to hang on to parcels where Virginia Cotton Dock Lofts and Ladybird Grove & Mess Hall are located.

State of play: Portman wants to complete and open Krog Junction's first phase before starting work on the recently acquired parcels, the AJC says.

What we're watching (patiently): When the market is strong enough to finally redevelop Midtown Place, arguably the biggest cluster of a shopping center in the city.