{"id":1004455198,"date":"2020-06-12T09:29:12","date_gmt":"2020-06-12T17:29:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004455198"},"modified":"2025-05-27T02:30:12","modified_gmt":"2025-05-27T10:30:12","slug":"top-10-office-projects-under-construction-in-atlanta","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-atlanta\/","title":{"rendered":"Top 10 Office Projects Under Construction in Atlanta"},"content":{"rendered":"<p>Atlanta\u2019s office development scene remains incredibly active: In the first four months of 2020, developers completed close to 1.7 million square feet of space, with an additional 1.5 million square feet slated for delivery through the end of the year. At the start of June, some 7.7 million square feet of office space was underway in Atlanta. Despite initial concerns that the COVID-19 pandemic would put a stop to development activity, the vast majority of the metro\u2019s projects continue to move forward.<\/p>\n<p>Although the shock of the pandemic will almost certainly result in falling demand for <a href=\"https:\/\/www.commercialsearch.com\/office\/us\/ga\/atlanta\/\" target=\"_blank\" rel=\"noopener\">office space<\/a>, Atlanta\u2019s lower price points and diversified economy could help the metro\u2019s properties weather the storm, to an extent. Even as uncertainty grows, speculative projects are still leasing up and work carries on, particularly in the Midtown submarket, which is home to 40 percent of all ongoing office development activity. The table below highlights the 10 largest office projects underway, utilizing data from Yardi Matrix.<\/p>\n<h2><strong>10. Three Ballpark Center<\/strong><\/h2>\n<div id=\"attachment_1004245952\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/ThyssenKrupp-Elevator2.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004245952\" data-attachment-id=\"1004245952\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/thyssenkrupp-goes-big-tall-with-200m-hq-in-atlanta\/thyssenkrupp-elevator2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/ThyssenKrupp-Elevator2.jpg\" data-orig-size=\"800,620\" 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;0&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;1&quot;}\" data-image-title=\"Three Ballpark Center and ThyssenKrupp&#8217;s Test Tower. Image courtesy of ThyssenKrupp\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Three Ballpark Center and ThyssenKrupp&#8217;s Test Tower. &lt;i&gt;Image courtesy of ThyssenKrupp&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/ThyssenKrupp-Elevator2.jpg?w=800\" class=\"wp-image-1004245952 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/ThyssenKrupp-Elevator2.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/ThyssenKrupp-Elevator2.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/ThyssenKrupp-Elevator2.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/07\/ThyssenKrupp-Elevator2.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004245952\" class=\"wp-caption-text\">Three Ballpark Center and ThyssenKrupp\u2019s Test Tower. <i>Image courtesy of ThyssenKrupp<\/i><\/p><\/div>\n<p>The Atlanta Braves\u2019 300,000-square-foot project at 788 Circle 75 Parkway SE broke ground in early 2019, with completion slated for mid-2021. Cobb County\u2019s development authority provided a total of $93.3 million in financing through a series of revenue bonds in 2018.<\/p>\n<p>Brasfield &amp; Gorrie is the general contractor for the 11-story project. ThyssenKrupp has fully leased the property next to the firm\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/thyssenkrupp-goes-big-tall-with-200m-hq-in-atlanta\/\">420-foot elevator test tower<\/a>, which topped out in May. The office building\u2019s 2.5-acre development site is on the southern end of The Battery entertainment district, a quarter mile from Truist Park.<\/p>\n<h2><strong>9. The Interlock<\/strong><\/h2>\n<p>The only project on our list slated for delivery this year\u2014The Interlock\u2014kicked off in late 2018, financed with $98 million from Fifth Third Bank. The owner is a joint venture between S.J. Collins Enterprises S.J. Collins Enterprises, the Georgia Institute of Technology and Armada Hoffler Properties. The mixed-use development will have 200,000 square feet of office, 106,829 square feet of retail, a 150-key boutique hotel and 386 multifamily units.<\/p>\n<p>Located at 1115 Howell Mill Road NW, the development\u2019s office component will include 50,000 square feet for Georgia Technology Venture and 118,000 square feet for WeWork. The coworking provider plans to open its space in spring 2021, according to <em>What Now Atlanta<\/em>.<\/p>\n<h2><strong>8. 14th &amp; Spring<\/strong><\/h2>\n<div id=\"attachment_1004455207\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/14th-and-Spring.-Image-courtesy-of-Greenstone-Properties.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004455207\" data-attachment-id=\"1004455207\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-atlanta\/14th-and-spring-image-courtesy-of-greenstone-properties\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/14th-and-Spring.-Image-courtesy-of-Greenstone-Properties.png\" data-orig-size=\"800,620\" 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;0&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=\"14th and Spring. Image courtesy of Greenstone Properties\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;14th and Spring. &lt;i&gt;Image courtesy of Greenstone Properties&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/14th-and-Spring.-Image-courtesy-of-Greenstone-Properties.png?w=800\" class=\"wp-image-1004455207 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/14th-and-Spring.-Image-courtesy-of-Greenstone-Properties.png\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/14th-and-Spring.-Image-courtesy-of-Greenstone-Properties.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/14th-and-Spring.-Image-courtesy-of-Greenstone-Properties.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/14th-and-Spring.-Image-courtesy-of-Greenstone-Properties.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004455207\" class=\"wp-caption-text\">14th and Spring. <i>Image courtesy of Greenstone Properties<\/i><\/p><\/div>\n<p>Slated for completion in June 2022, the 317,500-square-foot 14th &amp; Spring is one of eight office developments underway in midtown Atlanta. Greenstone Properties and the PBS Group broke ground on the project in January 2020, backed by $84.7 million in construction financing from U.S. Bank. Balfour Beatty is the HKS-designed project\u2019s general contractor.<\/p>\n<p>When complete, the 12-story building at 1150 Spring St. will be the first phase of a larger mixed-use development, set to include a total of 15,000 square feet of retail space and 339 luxury rental units in a separate 12-story tower. In addition to a wide range of amenities\u2014from bicycle storage to a rooftop terrace\u2014the project will have a subterranean parking structure with 840 spaces. The developers are pursuing LEED Certification.<\/p>\n<h2><strong>7. 712 West Peachtree<\/strong><\/h2>\n<div id=\"attachment_1004455216\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/712-West-Peachtree.-Image-courtesy-of-Portman-Architects.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004455216\" data-attachment-id=\"1004455216\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-atlanta\/712-west-peachtree-image-courtesy-of-portman-architects\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/712-West-Peachtree.-Image-courtesy-of-Portman-Architects.jpg\" data-orig-size=\"800,620\" 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;0&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;1&quot;}\" data-image-title=\"712 West Peachtree. Image courtesy of Portman Architects\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;712 West Peachtree. &lt;i&gt;Image courtesy of Portman Architects&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/712-West-Peachtree.-Image-courtesy-of-Portman-Architects.jpg?w=800\" class=\"wp-image-1004455216 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/712-West-Peachtree.-Image-courtesy-of-Portman-Architects.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/712-West-Peachtree.-Image-courtesy-of-Portman-Architects.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/712-West-Peachtree.-Image-courtesy-of-Portman-Architects.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/712-West-Peachtree.-Image-courtesy-of-Portman-Architects.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004455216\" class=\"wp-caption-text\">712 West Peachtree. <i>Image courtesy of Portman Architects<\/i><\/p><\/div>\n<p>Portman Holdings\u2019 318,226-square-foot development at 712 West Peachtree is taking shape just east of the Georgia Institute of Technology\u2019s campus. Construction began in May 2019, and the project is slated for delivery in the first quarter of 2021. The 21-story Midtown building will have 13 stories of office space above an eight-level parking structure, and 8,761 square feet of retail space on the ground floor.<\/p>\n<p>Anthem is the anchor tenant for the project. The health insurance company already occupies the newly completed, <a href=\"https:\/\/www.commercialsearch.com\/news\/atlanta-office-tower-bags-29m-construction-loan\/\">360,000-square-foot Anthem Technology Center<\/a>, a short distance away at 740 W. Peachtree St. Portman Holdings delivered that property in February.<\/p>\n<h2><strong>6. One Phipps Plaza<\/strong><\/h2>\n<p>Simon Property Group\u2019s One Phipps Plaza, a redevelopment of the retail investor\u2019s Phipps Plaza shopping mall, is the largest office project underway in Bucktown. <em>Atlanta Business Chronicle<\/em> reported that construction was halted in early April amid the COVID-19 pandemic, though the project could resume soon, depending on the response to the health crisis.<\/p>\n<p>Located at 3550 Peachtree Road, the development\u2019s 357,589-square-foot office component is a new addition to the site. The project will also see the addition of a Nobu Hotel and Restaurant, a 10,000-square-foot food hall and a 90,000-square-foot fitness center.<\/p>\n<h2><strong>5. Atlantic Yards<\/strong><\/h2>\n<div id=\"attachment_1004448652\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Atlantic-Yards.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004448652\" data-attachment-id=\"1004448652\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/microsoft-inks-500-ksf-plus-office-lease-in-atlanta\/atlantic-yards\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Atlantic-Yards.png\" data-orig-size=\"800,620\" 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;0&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=\"Atlantic Yards\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Atlantic Yards. &lt;i&gt;Image courtesy of Microsoft&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Atlantic-Yards.png?w=800\" class=\"wp-image-1004448652 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Atlantic-Yards.png\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Atlantic-Yards.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Atlantic-Yards.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Atlantic-Yards.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004448652\" class=\"wp-caption-text\">Atlantic Yards. <i>Image courtesy of Microsoft<\/i><\/p><\/div>\n<p>Hines\u2019 and Invesco\u2019s 523,500-square-foot Atlantic Yards is the largest project underway in the West Atlanta submarket. The development, financed with a $127.6 million construction loan from Pacific Coast Capital Partners, kicked off in early 2019 and is slated for delivery next summer.<\/p>\n<p>In May, Microsoft inked a deal with the developers to fully <a href=\"https:\/\/www.commercialsearch.com\/news\/microsoft-inks-500-ksf-plus-office-lease-in-atlanta\/\">occupy the project\u2019s two buildings<\/a> in a deal valued at $75 million. The tech giant plans to utilize the space to focus on cloud services and artificial intelligence development, creating some 1,500 new jobs.<\/p>\n<h2><strong>4. Midtown Union<\/strong><\/h2>\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-e1559304109878.jpg\" target=\"_blank\" rel=\"noopener\"><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=\"\" width=\"300\" height=\"225\" \/><\/a><p id=\"caption-attachment-1004209710\" class=\"wp-caption-text\">Midtown Union. <i>Image courtesy of MetLife Investment Management<\/i><\/p><\/div>\n<p>The owner of the 606,000-square-foot Midtown Union, located at 1295 Spring St., is a joint venture between MetLife Investment Management and Granite Properties. The project began in late 2019 and is targeting a June 2022 delivery date. Prior to breaking ground, the developers <a href=\"https:\/\/www.commercialsearch.com\/news\/invesco-to-anchor-606-ksf-upcoming-atlanta-development\/\">inked a 300,000-square-foot leasing deal<\/a> with Invesco for nearly half of the total space. The project is within half a mile of the investment manager\u2019s global headquarters at Two Peachtree Pointe.<\/p>\n<p>Midtown Union\u2019s office space is one element of a larger development, slated to include a 250-key hotel, some 87,000 square feet of retail space and 350 multifamily units. Additionally, a 1,900-space parking garage is planned for the 8.5-acre mixed-use project.<\/p>\n<h2><strong>3. 1105 West Peachtree<\/strong><\/h2>\n<div id=\"attachment_1004370332\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/1105-West-Peachtree.-Image-courtesy-of-Selig-Enterprises.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004370332\" data-attachment-id=\"1004370332\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/seligs-530m-mixed-use-atlanta-tower-gets-funding\/1105-west-peachtree-image-courtesy-of-selig-enterprises\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/1105-West-Peachtree.-Image-courtesy-of-Selig-Enterprises.jpg\" data-orig-size=\"800,620\" 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;0&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=\"1105 West Peachtree. Image courtesy of Selig Enterprises\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1105 West Peachtree. &lt;i&gt;Image courtesy of Selig Enterprises&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/1105-West-Peachtree.-Image-courtesy-of-Selig-Enterprises.jpg?w=800\" class=\"wp-image-1004370332 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/1105-West-Peachtree.-Image-courtesy-of-Selig-Enterprises.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/1105-West-Peachtree.-Image-courtesy-of-Selig-Enterprises.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/1105-West-Peachtree.-Image-courtesy-of-Selig-Enterprises.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/1105-West-Peachtree.-Image-courtesy-of-Selig-Enterprises.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004370332\" class=\"wp-caption-text\">1105 West Peachtree. <i>Image courtesy of Selig Enterprises<\/i><\/p><\/div>\n<p>Selig Enterprises\u2019 $530 million, 680,000-square-foot Midtown development is the metro\u2019s largest multi-tenant project underway. Work began at the start of 2019, with delivery slated for the first quarter of 2022. In November, Blackstone provided the developer with <a href=\"https:\/\/www.commercialsearch.com\/news\/seligs-530m-mixed-use-atlanta-tower-gets-funding\/\">$340 million in construction financing<\/a>.<\/p>\n<p>Law firm Smith, Gambrell &amp; Russell and Google are anchoring the project. Office amenities include a 1-acre open area atop a parking structure, which will feature a swimming pool, green space and restaurant. In addition to its office component, the development will have a boutique, 178-key hotel, 64 luxury condominiums and 25,000 square feet of retail space at its base.<\/p>\n<h2><strong>2. Norfolk Southern Midtown Headquarters<\/strong><\/h2>\n<div id=\"attachment_1004316383\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Norfolk-Southern-Headquarters-e1555077823374.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004316383\" data-attachment-id=\"1004316383\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/pickard-chilton-designs-new-norfolk-southern-hq-in-atlanta\/norfolk-southern-atlanta-hq\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Norfolk-Southern-Headquarters-e1555077823374.jpg\" data-orig-size=\"1638,1228\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Norfolk Southern Corporation&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Norfolk Southern&#039;s new corporate headquarters building. (PRNewsfoto\/Norfolk Southern Corporation)&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;This image must be used within the context of the news release it accompanied. Request permission from issuer for other uses.&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;Norfolk Southern Atlanta HQ&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Norfolk Southern Midtown Headquarters\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Norfolk Southern Midtown Headquarters. &lt;i&gt;Image courtesy of Norfolk Southern Corp.&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Norfolk-Southern-Headquarters-e1555077823374.jpg?w=1024\" class=\"wp-image-1004316383 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Norfolk-Southern-Headquarters-e1555077823374.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Norfolk-Southern-Headquarters-e1555077823374.jpg 1638w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Norfolk-Southern-Headquarters-e1555077823374.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Norfolk-Southern-Headquarters-e1555077823374.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Norfolk-Southern-Headquarters-e1555077823374.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/Norfolk-Southern-Headquarters-e1555077823374.jpg?resize=1536,1152 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004316383\" class=\"wp-caption-text\">Norfolk Southern Midtown Headquarters. <i>Image courtesy of Norfolk Southern Corp.<\/i><\/p><\/div>\n<p>Norfolk Southern\u2019s 750,000-square-foot headquarters development broke ground in March 2019 and is expected to wrap up in the third quarter of 2021. The 22-story project will include some 13,000 square feet of retail space in addition to its office element. Bank of America provided the owner with a $550 million construction loan, which matures in late 2026.<\/p>\n<p>The developer, Cousins Properties, sold the 4.1-acre project site at 650 W. Peachtree St. to Norfolk Southern for $52.5 million prior to groundbreaking. Pickard Chilton is <a href=\"https:\/\/www.commercialsearch.com\/news\/pickard-chilton-designs-new-norfolk-southern-hq-in-atlanta\/\">providing architectural services<\/a> for the development. The rail operator\u2019s headquarters, once relocated from its current location in Norfolk, Va., is expected to bring some 850 jobs to the metro.<\/p>\n<h2><strong>1. State Farm at Park Center \u2013 Phase II<\/strong><\/h2>\n<div id=\"attachment_1004455228\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Phase-II-of-State-Farm-at-Park-Center.-Image-courtesy-of-KDC.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004455228\" data-attachment-id=\"1004455228\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/top-10-office-projects-under-construction-in-atlanta\/phase-ii-of-state-farm-at-park-center-image-courtesy-of-kdc\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Phase-II-of-State-Farm-at-Park-Center.-Image-courtesy-of-KDC.jpg\" data-orig-size=\"800,620\" 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;0&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;1&quot;}\" data-image-title=\"Phase II of State Farm at Park Center. Image courtesy of KDC\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Phase II of State Farm at Park Center. &lt;i&gt;Image courtesy of KDC&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Phase-II-of-State-Farm-at-Park-Center.-Image-courtesy-of-KDC.jpg?w=800\" class=\"wp-image-1004455228 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Phase-II-of-State-Farm-at-Park-Center.-Image-courtesy-of-KDC.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Phase-II-of-State-Farm-at-Park-Center.-Image-courtesy-of-KDC.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Phase-II-of-State-Farm-at-Park-Center.-Image-courtesy-of-KDC.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Phase-II-of-State-Farm-at-Park-Center.-Image-courtesy-of-KDC.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004455228\" class=\"wp-caption-text\">Phase II of State Farm at Park Center. <i>Image courtesy of KDC<\/i><\/p><\/div>\n<p>The 1.2 million-square-foot second phase of State Farm\u2019s Park Center is the largest office project underway in Atlanta. Construction on the development\u2019s two buildings at 245 Perimeter Center Parkway began back in early 2017, and the property is slated for delivery in early 2021.<\/p>\n<p>Developer KDC is partnering with design firm Cooper Carry &amp; Associates and general contractor Holder Construction Co. on the project. State Farm\u2019s first phase\u2014a <a href=\"https:\/\/www.commercialsearch.com\/news\/transwestern-mirae-state-farm-close-atl-sale-leaseback\/\">13-story, 590,926-square-foot building<\/a> above the Dunwoody MARTA station\u2014delivered in 2017. At full build-out, the development will bring nearly 5,000 employees to the Central Perimeter submarket.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yardi Matrix shows that development in a single submarket accounts for some 40 percent of the metro\u2019s construction activity.<\/p>\n","protected":false},"author":861,"featured_media":1004455204,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21782,41288,21742,21747],"tags":[39329,35877,32797,33882,32924,36577],"class_list":["post-1004455198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-development","category-rc-listicles","category-latest","category-office","tag-topofthelist","tag-granite-properties","tag-hines","tag-invesco-real-estate","tag-metlife","tag-state-farm-life-insurance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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