CP Group Kicks Off $50M Revamp of Atlanta’s Tallest Tower

Bank of America Plaza is one of the tallest buildings in the Southeast. Image courtesy of CommercialEdge

CP Group has started its $50 million renovation plan of Bank of America Plaza, a 1.3 million-square-foot office tower in Atlanta. The owner, through a joint venture with funds managed by HPS Investments Partners, picked up the office property in 2022, from seller Shorenstein Properties.

Holder Construction is the contractor, with Gensler in charge of the building’s redesign. CBRE will be providing leasing services. The renovation project is looking to reconnect Atlanta’s iconic skyscraper to street activity, said Gensler’s Co-Managing Director Kevin Songer, in prepared statements. The metro’s tallest building, the upgraded tower will be rebranded as “The South Star”.

Located at 600 Peachtree St. NE, the 55-story, Class A+ office building’s floorplates range between 23,500 and 25,547 square feet. The property includes retail space, 24 passenger elevators, an on-site conference center, a fitness center and 1,282 covered parking spots, according to CommercialEdge.

Reimagining Atlanta’s tallest building

The renovations will result in an upgraded 20,000-square-foot lobby, that will revive Kevin Roche’s original Art Deco design, a coffee bar, a common-area workspace for tenants and guests and an art gallery. CP Group is also planning for an on-site restaurant and a tenant lounge on the 55th floor.

Gensler’s reimagined lobby of Bank of America Plaza. Image courtesy of CP Group

The owner recently added 13 office spec suites totaling 100,000 square feet to the property, as part of its worCPlaces, a flexible workplace program, launched in August 2022.

Located on nearly 4 acres, Bank of America Plaza is close to Interstate 85 and Atlanta’s Tech Square, while being 12 miles from Hartsfield-Jackson International Airport and within 18 miles of Marietta, Ga.

The current tenant roster includes Bank of America’s financial center, CapTech Consulting, U.S. General Services Administration, The Ducos Law Firm and Benesch, among others. CBRE’s Executive Vice President Jeff Keppen and Senior Vice President Nicole Goldsmith are the leasing brokers in charge.

Earlier this month, CP Group secured five new tenants at Paces West, an 18-story, 640,000-square-foot office building in Atlanta.