An Atlanta developer could soon pull the trigger on plans to build the tallest new office building Midtown has seen in nearly a decade.
Cousins Properties controls a small slice of Midtown snuggled between 7th and 8th streets, and the company intends to erect a 30-story office tower on the plot, according to the Atlanta Business Chronicle.
Cousins should close on the property soon, and the 500-foot proposal would be the subdistrict’s tallest office building since the company’s 1075 Peachtree (part of the massive, still-evolving 12th and Midtown project) delivered in 2010, the publication reports.
The development would stand a block away from Georgia Tech and spitting distance from the Midtown MARTA Station—on the plot that currently houses The Daiquiri Factory.
The office tower, which could grow to some 500,000 square feet and cost up to $200 million to develop, will be designed by architectural firms Pickard Chilton and HKS, Inc., according to the ABC.
Cousins is vying to have the property under contract before summer’s end, and construction could reportedly begin as soon as the beginning of next year.
A stalwart among Atlanta developers, Cousins has been active in this flank of Midtown recently.
The developer’s NCR headquarters opened its first-phase, 20-story tower just north of Tech Square earlier this year, and work on the second component is expected to finish late in 2018. That complex will eventually host 5,000 employees.
- Cousins Properties eyes 30-story Midtown office tower [Atlanta Business Chronicle]