While it sometimes seems that Atlantans have to fight for the preservation of anything more than a few years old, that’s not always the case.
The Thornton Building — alternatively called Ten Park Place — in the heart of downtown Atlanta will soon get some much needed investment love, according to Commercial Property Executive.
Completed in 1932, this was one of the final buildings in the area to wrap up after the beginning of the Great Depression. Billed as "ultra modern" in its day, the structure has aged well over the years with its clean Art Deco style. Nevertheless, a good updating is in order.
Novare — the developer best known for a range of monotonous, glassy high-rises across the city — has owned the building since 1996, sprucing it up throughout the years. But 20 years in a building’s life can bring a lot of changes, and in that time Ten Park Place has had its ups and downs.
However, thanks to an infusion of cash by investors, the future is once again looking up. Plans call for $3 million worth of upgrades to entice tenants to the 120,000 square feet of office space and 17,000 square feet of ground-floor retail.
Situated between Georgia State University (across the street from an old building currently being renovated by the university) and Grady Hospital, just a block from Five Points, the building's in a prime location to benefit from other development in the area — and across downtown in general.
- Local Investor ‘Saves’ Historic Atlanta Office Building [Commercial Property Executive]
- The Ten Park Place Building (Thornton Building) [City of Atlanta]