1050 Brickworks rendering. Picture courtesy of Sterling Bay
Sterling Bay and Asana Companions have damaged floor on 1050 Brickworks, a speculative mixed-use undertaking in Atlanta. The 225,000-square-foot constructing will embrace Class A workplace area, together with ground-floor retail. The 14-story undertaking is ready to ship by mid-2024.
Gilbane is working because the constructing’s common contractor. Positioned at 1050 W. Marietta St. NW, the undertaking will embrace 14,200 sq. toes of retail area, 210,000 sq. toes of workplace area and 22,000 sq. toes of indoor and out of doors facilities. Based on CommercialEdge knowledge, the lot measurement is 1.43 acres.
Flooring two by way of seven of 1050 Brickworks can have indoor parking, whereas the eighth flooring will function a health heart, lounge, bar, personal library, convention heart and rooftop terrace overlooking Midtown and downtown. Different facilities embrace a important foyer area with 24-hour safety and bike space for storing.
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1050 Brickworks is accessible for tenants by way of the Brady Avenue bike path, Interstate 75 and I-85. Located within the West Midtown space of Atlanta, the constructing is close by some 140 eating places, 220 procuring choices and three accommodations.
Stream Realty Companions was chosen to run leasing for 1050 Brickworks. Managing Administrators Bryan Heller and Peter McGuone, and Vice President Park Welton, will act as leasing brokers for the property. The three had been recruited from CBRE this 12 months to create an Atlanta leasing observe.
Atlanta on an upward development
The constructing is Sterling Bay’s first Atlanta undertaking. In ready remarks, Andy Gloor, CEO of Sterling Bay, mentioned that Atlanta continues to solidify itself because the enterprise capital of the Southeast. Based on a Avison Younger report, the Atlanta workplace market had greater than 500,000 sq. toes of optimistic absorption within the third quarter of this 12 months, with future fundamentals trying robust.
Vital workplace offers within the space this 12 months embrace Hines and Invesco Actual Property’s sale of a 523,511-square-foot Midtown Atlanta workplace campus. The asset is totally leased to Microsoft Corp.
PCCP LLC additionally has plans to develop a 143,500-square-foot workplace area within the Previous Fourth Ward neighborhood of Atlanta, scheduled for completion in 2023.
