MetLife Investment, Granite Properties Complete Atlanta Project

Midtown Union. Image courtesy of Granite Properties

The opening last week of the Kimpton Shane Hotel at Midtown Union brings the three-tower mixed-use development in Atlanta’s Midtown neighborhood to completion. MetLife Investment Management and Granite Properties, two of the project’s developers, made the announcement on Monday.

The project’s Class AA office tower and the Mira at Midtown Union residential tower opened in July.

Office tower

The 26-story, 612,000-square-foot office tower was developed by MetLife Investment Management and Granite Properties and is intended to achieve LEED Silver and Fitwel certifications. Invesco has leased 300,000 square feet there for its future global headquarters and will start relocating early next year.

The building’s amenities include a multi-level lobby, 12,000-square-foot landscaped outdoor amenity terrace on the eighth floor that connects to a fitness center, a boardroom, conference meeting facilities and a customer lounge.

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In addition, the building features contactless smart card access throughout, hands-free entry doors and destination dispatch elevators, which users can summon using a mobile app.

Residential component

Mira at Midtown Union, the 26-story, 355-unit luxury residential tower, was developed by MetLife Investment Management and StreetLights Residential. Leasing is underway.

The tower offers several floorplans, including studio and one-, two- and three-bedroom apartment homes, ranging from 496 to 1,743 square feet. Amenities include an outdoor amenity deck with a pool, seating and grilling stations overlooking Midtown Atlanta, with a pool-side resident bar and lounge. In addition, the building offers 24/7 concierge services, conference and co-working spaces, an expansive fitness center, and a pet lawn and spa.

Hospitality offerings

The 14-story, 230-key Kimpton Shane Hotel is operated by Kimpton Hotels & Restaurants and was developed by MetLife Investment Management and AMS Hospitality. The interior was designed by Studio 11 Design and features artwork from more than 30 global artists, curated by Atlanta-based Soho Myriad.

The hotel’s amenities include a restaurant, Hartley Kitchen and Cocktails, and a cocktail lounge, Aveline, in addition to 6,600 square feet of meeting and events space.

Overall, the Midtown Union project provides 1,909 structured parking spaces featuring a parking guidance system directing customers and visitors to their designated spaces. It also allows for space reservations by different users (office, retail, residents). Tenants have access to 36 Level 2 EV charging stations.

Midtown Union includes 32,000 square feet of restaurants and shops and is sited at 1331 Spring St., along a pedestrian-friendly extension of Arts Center Way that connects to Midtown’s Arts District.

The location is easily accessible to and from the I-75/85 Connector and is a 2-minute walk from the Arts Center MARTA Station.

Midtown Union was designed by Cooper Carry. General contractor Brasfield & Gorrie began construction of the three towers in November 2019.

Leasing is being handled by Brooke Dewey and Adam Viente (office) and Coleman Morris (retail) of JLL.

Rolling stone

In April, Granite Properties received both a $265 million construction loan and a major tenant—that same lender—for its 23Springs MXD in Uptown Dallas. Bank OZK, of Little Rock, Ark., provided the funding and will use its 110,000 square feet in the 26-story office tower as its new regional headquarters.

In June, Granite again collaborated with Bank OZK, which provided $39 million in construction financing for Granite Place in Southlake, Texas, in metro Dallas–Fort Worth. In addition, N5B Capital became Granite’s equity partner in the 143,500-square-foot office project.