{"id":1004606674,"date":"2022-10-13T01:59:25","date_gmt":"2022-10-13T09:59:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004606674"},"modified":"2022-12-08T18:48:57","modified_gmt":"2022-12-09T02:48:57","slug":"greenstone-properties-jv-completes-midtown-atlanta-office-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/","title":{"rendered":"Greenstone Properties JV Completes Midtown Atlanta Office Tower"},"content":{"rendered":"
\"\"<\/a>

14th + Spring. Image by Brian Gassell Photography<\/p><\/div>\n

Greenstone Properties<\/strong>, in a joint venture with Goldman Sachs<\/strong>, has completed 14th + Spring, a 12-story, 324,000-square-foot office tower in Midtown Atlanta. Balfour Beatty<\/strong> served as general contractor.<\/p>\n

The developers broke ground on the development in 2020, with HKS leading the project’s architectural team. CommercialEdge information shows US Bank<\/strong> provided a $84.7 million construction loan.<\/p>\n

Sited at 1150 Spring St., at the corner of 14th and Spring streets, the Class A+ office building provides convenient vehicular access to and from the Downtown Connector. 14th + Spring also features 5,120 square feet of ground-level retail.<\/p>\n

The office tower is part of a larger mixed-use development that also comprises Crescent Communities<\/strong>\u2019 NOVEL Midtown multifamily community, which has also reached completion. The buildings share an 850-space underground parking garage.<\/p>\n

A third-quarter Atlanta office market report from JLL hints that 14th + Spring might have been completed not a moment too soon. \u201cDevelopments from Atlanta\u2019s massive pandemic-era construction pipeline have started to deliver, contributing to 2 million square feet of new supply, the largest quarterly delivery total since 2001,\u201d the report states.<\/p>\n

Unsurprisingly, vacancy is up, to a total of 22.7 percent in the CBD. Although roughly half the space in the new deliveries has been preleased at completion, JLL notes that \u201cdirect vacancy, particularly in Midtown, has been elevated by construction completions with significant vacant blocks.\u201d<\/p>\n

Atlanta’s recent big office deal was the acquisition of Atlantic Yards<\/a>, Microsoft\u2019s office campus in Midtown, estimated to be worth $500 million. Global Atlantic Financial Group bought the trophy asset from Hines and Invesco Real Estate.<\/p>\n

Luxury homes next door<\/h2>\n

NOVEL Midtown is a 14-story, 360,000-square-foot residential tower comprising 340 luxury residential apartments with studio, one-, two- and three-bedroom floorplans. Amenities include a 14th-floor skydeck with indoor and outdoor social spaces; a resort-style spa with a steam room, jacuzzi and showers; and a 3,000-square-foot fitness club featuring a separate yoga room.<\/p>\n

The building also includes about 3,200 square feet of ground-level retail. A plaza includes multiple outdoor gathering areas, a ride-share lounge, fitness center and resident coffee bar.<\/p>\n","protected":false},"excerpt":{"rendered":"

In a partnership with Goldman Sachs, the company broke ground on the project in 2020.<\/p>\n","protected":false},"author":882,"featured_media":1004606681,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21782,21752,21742,21747],"tags":[32978,33435,34334,34927,33231],"class_list":["post-1004606674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-development","category-mixed-use","category-latest","category-office","tag-balfour-beatty-construction","tag-goldman-sachs","tag-greenstone-properties","tag-hks","tag-u-s-bank"],"acf":[],"yoast_head":"\nGreenstone Properties JV Completes Midtown Atlanta Office Tower - CPE<\/title>\n<meta name=\"description\" content=\"Greenstone Properties and Goldman Sachs have completed 14th + Spring, a 12-story, 324,000-square-foot office tower in Midtown Atlanta.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greenstone Properties JV Completes Midtown Atlanta Office Tower\" \/>\n<meta property=\"og:description\" content=\"Greenstone Properties and Goldman Sachs have completed 14th + Spring, a 12-story, 324,000-square-foot office tower in Midtown Atlanta.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-13T09:59:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:48:57+00:00\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/14th-and-Spring-e1665651942308.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/\",\"name\":\"Greenstone Properties JV Completes Midtown Atlanta Office Tower - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/14th-and-Spring-e1665651942308.jpg\",\"datePublished\":\"2022-10-13T09:59:25+00:00\",\"dateModified\":\"2022-12-09T02:48:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"Greenstone Properties and Goldman Sachs have completed 14th + Spring, a 12-story, 324,000-square-foot office tower in Midtown Atlanta.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/14th-and-Spring-e1665651942308.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/14th-and-Spring-e1665651942308.jpg\",\"width\":1065,\"height\":798,\"caption\":\"14th and Spring\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Greenstone Properties JV Completes Midtown Atlanta Office Tower\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Greenstone Properties JV Completes Midtown Atlanta Office Tower - CPE","description":"Greenstone Properties and Goldman Sachs have completed 14th + Spring, a 12-story, 324,000-square-foot office tower in Midtown Atlanta.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/","og_locale":"en_US","og_type":"article","og_title":"Greenstone Properties JV Completes Midtown Atlanta Office Tower","og_description":"Greenstone Properties and Goldman Sachs have completed 14th + Spring, a 12-story, 324,000-square-foot office tower in Midtown Atlanta.","og_url":"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2022-10-13T09:59:25+00:00","article_modified_time":"2022-12-09T02:48:57+00:00","author":"Scott Baltic","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/14th-and-Spring-e1665651942308.jpg","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/","url":"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/","name":"Greenstone Properties JV Completes Midtown Atlanta Office Tower - CPE","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/14th-and-Spring-e1665651942308.jpg","datePublished":"2022-10-13T09:59:25+00:00","dateModified":"2022-12-09T02:48:57+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"description":"Greenstone Properties and Goldman Sachs have completed 14th + Spring, a 12-story, 324,000-square-foot office tower in Midtown Atlanta.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/14th-and-Spring-e1665651942308.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/14th-and-Spring-e1665651942308.jpg","width":1065,"height":798,"caption":"14th and Spring"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/greenstone-properties-jv-completes-midtown-atlanta-office-tower\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Greenstone Properties JV Completes Midtown Atlanta Office Tower"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/14th-and-Spring-e1665651942308.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004606674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004606674"}],"version-history":[{"count":8,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004606674\/revisions"}],"predecessor-version":[{"id":1004606740,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004606674\/revisions\/1004606740"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004606681"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004606674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004606674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004606674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}