{"id":1004209702,"date":"2018-03-09T05:37:00","date_gmt":"2018-03-09T13:37:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004209702"},"modified":"2022-12-05T06:32:31","modified_gmt":"2022-12-05T14:32:31","slug":"metlife-plans-mixed-use-project-in-midtown-atlanta","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/metlife-plans-mixed-use-project-in-midtown-atlanta\/","title":{"rendered":"MetLife Plans Mixed-Use Project in Midtown Atlanta"},"content":{"rendered":"<p>By Gail Kalinoski<\/p>\n<div id=\"attachment_1004209710\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Rendering-of-1295-Spring-St.-in-Atlanta.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004209710\" data-attachment-id=\"1004209710\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/metlife-plans-mixed-use-project-in-midtown-atlanta\/rendering-of-1295-spring-st-in-atlanta\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Rendering-of-1295-Spring-St.-in-Atlanta-e1559304109878.jpg\" data-orig-size=\"1200,898\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1507809563&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Midtown Union\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Midtown Union. &lt;i&gt;Image courtesy of MetLife Investment Management&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Rendering-of-1295-Spring-St.-in-Atlanta-e1559304109878.jpg?w=1024\" class=\"wp-image-1004209710 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Rendering-of-1295-Spring-St.-in-Atlanta-e1520593180189.jpg\" alt=\"Rendering of 1295 Spring St. in Atlanta\" width=\"300\" height=\"225\" \/><\/a><p id=\"caption-attachment-1004209710\" class=\"wp-caption-text\">Rendering of 1295 Spring St. in Atlanta<\/p><\/div>\n<p>MetLife Investment Management is moving forward with the first phase of a mixed-use redevelopment project in Midtown Atlanta that will feature about 500,000 square feet of Class A office space, 87,000 square feet of retail, a 20-story hotel and\u00a0a 350-unit apartment building.<\/p>\n<p>JLL is providing project management and leasing services for the development at 17<sup>th<\/sup>, West Peachtree and Spring streets.<\/p>\n<p><em>\u201cMidtown Atlanta is thriving with companies, retail outlets and restaurant venues relocating to the area, cementing the district\u2019s reputation as a lively hub for work and play,\u201d<\/em> Tom Ryan, Southeast regional director of real estate for MetLife Investment Management, said in a prepared statement. <em>\u201cThis will\u00a0 be a great complement to the area\u2019s many cultural attractions, such as the Woodruff Arts Center, the Center for Puppetry Arts and Center Stage.\u201d <\/em><\/p>\n<p>The asset management division of life insurance giant MetLife has been assembling parcels at the site since 2006. The proposal for 1295 Spring St. has been submitted to Midtown Alliance, a non-profit organization that helps guide development in Atlanta\u2019s Midtown area, for its review. JLL will be filing a Special Administrative Permit application with the City of Atlanta next week, according to Ryan.<\/p>\n<h2>Multi-phase development<\/h2>\n<p>Phase I is part of a longer-term, multi-phase redevelopment, which will cover approximately 8.5 acres. The first phase will include a 25-story office tower\u00a0designed to achieve LEED\u00a0certification, residential units, retail and a 20-story hotel.\u00a0In addition to JLL, MetLife Investment Management worked with Miami-based Arquitectonica to create the master plan and with Atlanta-based architecture firm Cooper Carry to lead the building design.<\/p>\n<p><em>\u201cWe\u2019re presently marketing the commercial components in an effort to secure pre-leasing, and we have had strong interest in the project. We\u2019ve not yet decided if the project would move forward on a speculative basis,\u201d<\/em> Ryan told <em>Commercial Property Executive <\/em>in an e-mail<em>.<\/em><\/p>\n<p>Asked whether any hospitality companies had expressed interest in the hotel site, Ryan said, <em>\u201cWe\u2019ve had hotel flag discussions, in addition to a range of prospective Phase I tenants across the office and retail spaces as well. We will provide more information as and when we have something we can share.\u201d<\/em><\/p>\n<h2>Development deals<\/h2>\n<p>MetLife Investment Management isn\u2019t the only developer eyeing Atlanta\u2019s hot Midtown area, which has numerous planned and under construction projects. In October, North American Properties broke ground on a <a href=\"https:\/\/www.commercialsearch.com\/news\/nap-breaks-ground-on-midtown-redevelopment\/\">mixed-use Midtown Atlanta redevelopment<\/a>\u00a0called Colony Square. The three-phase process will be comprised of five buildings at 11976 N.E. Peachtree\u00a0St., on the corner of 14<sup>th<\/sup> N.E. Street. It will feature entertainment offerings, retail, restaurants and a food hall, along with about 172,000 square feet of office space. The first phase is due for completion this summer.<\/p>\n<p>Also expected to come online this summer in Midtown is a new <a href=\"https:\/\/www.commercialsearch.com\/news\/dual-branded-ac-moxy-hotel-underway-in-atlanta\/\">dual-branded AC, Moxy hotel<\/a>\u00a0from Marriott International and Noble Investment Group. The $70 million, five-story project was announced last March and will have entrances on 13<sup>th<\/sup> and 14<sup>th<\/sup> streets. The 133-key AC Hotel Atlanta Midtown and the 155-key Moxy Atlanta Midtown will share a deck-top amenity level with a rooftop pool and bar.<\/p>\n<p><em>Image courtesy of\u00a0MetLife Investment Managment<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The development at 17th, West Peachtree and Spring streets will include roughly 500,000 square feet of office space, more than 80,000 square feet of retail, 350 residential units and a 20-story hotel.<\/p>\n","protected":false},"author":1068,"featured_media":1004508294,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21782,21808,21752,21742],"tags":[39125,34405,32796,32779,32924],"class_list":["post-1004209702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-development","category-featured","category-mixed-use","category-latest","tag-arquitectonica","tag-cooper-carry-architects","tag-jll","tag-leed","tag-metlife"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. 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