A 25-story commercial tower, with the current moniker of International Plaza, has been proposed for downtown Atlanta at the 202 Courtland Street location. Currently, a Hertz Car Rental and surface parking occupies the site.
The new building would help to breakup a corridor of downtown Atlanta that is stippled with parking lots, Curbed Atlanta reports. The tower’s modern architecture and design elements will help the building stand out in what is a somewhat bland section of downtown Atlanta.
The $75 million development, which is being developed privately, is in the most preliminary stages of development, but is already pre-leasing, three full years before the projected opening in 2019. Lee & Associates is in charge of leasing the project.
The tower would include a dual-branded hotel, a Skybar rooftop lounge, restaurants, a health club, retailers, and a coffee shop, according to What Now Atlanta. A loopnet.com listing says the building will offer three levels of commercial space across the 50,000-sf building with walk up street retail with valet parking, an integrated parking deck, and a location that will attract sports, convention, hotel, student, and government business.
As of writing this article, no information about specific tenants is available, however, Lee & Associates claims to already be in talks with a few major brands.
Related Stories
Smart Buildings | Jul 25, 2024
A Swiss startup devises an intelligent photovoltaic façade that tracks and moves with the sun
Zurich Soft Robotics says Solskin can reduce building energy consumption by up to 80% while producing up to 40% more electricity than comparable façade systems.
Adaptive Reuse | Jun 13, 2024
4 ways to transform old buildings into modern assets
As cities grow, their office inventories remain largely stagnant. Yet despite changes to the market—including the impact of hybrid work—opportunities still exist. Enter: “Midlife Metamorphosis.”
Adaptive Reuse | May 9, 2024
Hotels now account for over one-third of adaptive reuse projects
For the first time ever, hotel to apartment conversion projects have overtaken office-to-residential conversions.
Adaptive Reuse | Apr 29, 2024
6 characteristics of a successful adaptive reuse conversion
In the continuous battle against housing shortages and the surplus of vacant buildings, developers are turning their attention to the viability of adaptive reuse for their properties.
Hotel Facilities | Apr 24, 2024
The U.S. hotel construction market sees record highs in the first quarter of 2024
As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,065 projects with 702,990 rooms in the pipeline. This new all-time high represents a 9% year-over-year (YOY) increase in projects and a 7% YOY increase in rooms compared to last year.
Mixed-Use | Apr 23, 2024
A sports entertainment district is approved for downtown Orlando
This $500 million mixed-use development will take up nearly nine blocks.
Hotel Facilities | Apr 17, 2024
Will the surge in hotel construction carry resorts with it?
The resort corner of the hospitality sector has been a bit slower to expand than the whole for the past few years. But don’t tell that to Bill Wilhelm, President of R.D. Olson Construction.
Sponsored | Hotel Facilities | Apr 8, 2024
The Rise of Mobile Keys in Hospitality
Unlocking the future of hospitality—mobile keys are transforming the guest experience and streamlining hotel ops.
Adaptive Reuse | Mar 30, 2024
Hotel vs. office: Different challenges in commercial to residential conversions
In the midst of a national housing shortage, developers are examining the viability of commercial to residential conversions as a solution to both problems.
Adaptive Reuse | Mar 26, 2024
Adaptive Reuse Scorecard released to help developers assess project viability
Lamar Johnson Collaborative announced the debut of the firm’s Adaptive Reuse Scorecard, a proprietary methodology to quickly analyze the viability of converting buildings to other uses.