A two-tower, mixed-use complex planned to rise at the corner of Midtown’s Spring and 17th streets has landed a tenant to take about half of its 600,000 square feet of offices.
Relocating its global headquarters from Two Peachtree Pointe to Midtown Union’s 26-story office tower, Invesco plans to add 500 jobs, too.
For Invesco, the move represents a $70 million expansion that will grow its local workforce to nearly 1,200.
The development team, a partnership between MetLife Investment Management and Granite Properties, expects the tower to open in August 2022, according to the publication.
The project also calls for a sibling tower—the pair would take up about half of the 8-acre project site—which could house more than 350 residents.
Also expected is a 250-key hotel, about 100,000 square feet of retail, and almost 1,800 parking spaces, per announcements last year.
The project would ascend from the site of the eight-story Arthritis Foundation building and existing parking lots. Plans call for a pedestrian plaza spanning from Spring to West Peachtree streets.
Midtown’s Development Review Committee has described Midtown Union designs as “bold,” and there’s no doubt the project’s towers have the potential to significantly alter this section of the neighborhood’s skyline.