The evolution of Midtown’s Tech Square shows no signs of slowing.
Georgia Tech announced last week the third phase of a development that’s already transformed several blocks is moving forward. It’s expected to produce two new high-rises to house facilities for the Ernest Scheller Jr. College of Business and the H. Milton Stewart School of Industrial and Systems Engineering, among other programming.
The development, sited at the northwest corner of West Peachtree and 5th streets, is also expected to feature a sprawling pedestrian plaza and street-level retail above a buried parking deck.
Last spring, the University System of Georgia’s Board of Regents, along with the state legislature and Gov. Brian Kemp, okayed the use of public funds for the project, which could cost up to $200 million.
On August 15, USG officials kicked off the search for firms that could provide program management services for the project, according to the Atlanta Business Chronicle.
The planning and design phase of the project is slated to begin this fall, and a design firm could be enlisted by next spring.
Thanks to state funding, as well as a donation from Roberta and Ernest Scheller Jr., construction could launch as soon as next summer, according to Georgia Tech.
The new towers would likely require the demolition of two low-rise buildings at 828 and 830 West Peachtree Street.
The Tech Square news comes on the heels of Georgia Tech moving into Coda, the John Portman and Associates-designed tower just south of where phase three would be developed.
For perspective on how much Tech Square has changed this section of Midtown, have a look at this 2013 Saporta Report article chronicling the project’s 10th anniversary—and how it reimagined “dilapidated” blocks.