The multi-tower mixed-use development dubbed Midtown Union is officially under construction, and project officials announced Monday that the venture has identified a hotel partner.
Developed by Granite Properties, with the financial backing of MetLife Investment Management, the block-swallowing Midtown Union is set to welcome a 205-key boutique hotel by business management company Stormont Hospitality and developer The Allen Morris Company.
Sited at the corner of Midtown’s 17th and Spring streets, the development is also expected to feature what officials are calling a “pedestrian-friendly extension” of Arts Center Way, a small corridor running between the Arts Center MARTA station and the High Museum of Art, up to West Peachtree Street.
“This tree-lined passage will connect between Spring and West Peachtree Streets,” according to a Granite Properties press release. “Inspired by a European boulevard, the path will create a new retail destination in Midtown with shops, restaurants, and green space with a variety of seating options for people to enjoy.”
Plus, the “lifestyle hotel” is anticipated to offer “an active bar spilling out onto Arts Center Way.”
Collectively, Midtown Union is poised to offer more than 600,000 square feet of office space within a 26-story tower, an 18-floor residential building with 355 apartments atop eight levels of parking, the newly announced 12-story hotel, and 30,000 square feet of retail.
Almost half of that office component will become the new headquarters of investment management company Invesco, per previous announcements.
An official groundbreaking ceremony is scheduled December 9, and the development’s first phase is projected to deliver the hotel, the apartment tower by Street Lights Residential, and part of the retail component.
Site work kicked off in October, and the complex is on track to start opening in 2022.