>Developer plans $350M luxury hotel in Atlanta

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>An Atlanta developer plans to build a $350 million luxury hotel on Peachtree Street in Midtown, across from the High Museum of Art.

Alvin D. James, a veteran broadcasting industry executive, has signed an agreement to purchase the property from metro Atlanta home builder John Wieland, CEO of John Wieland Homes & Neighborhoods Inc.

James plans a 250-room, five-star hotel on the site of Wieland’s proposed One Museum Place condominium project at 1301 Peachtree St. Wieland abandoned his 23-story, $325 million, 92-unit luxury condo tower in 2007, as the metro Atlanta housing market began to falter.

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