Portman considering two new towers in Midtown Atlanta near Tech Square (leasing, neighborhood)

[Airforceguy]

The Atlanta-based development firm on Monday said it is in “pre-development” for two additional towers adjacent to Coda at Georgia Tech’s Technology Square. The project would include a pair of skyscrapers totaling more than 610,000 square feet of office space, 140 residences, retail space, a bank and more than 1,000 parking spaces.

The proposed development would rise at 740 West Peachtree Street where a current SunTrust branch is located and it is across 4th Street just south of the current Coda building site.

“Portman Holdings is in pre-development for two speculative towers at 740 West Peachtree Street in Midtown Atlanta, totaling approximately 620,000 square feet,” Portman Director of Leasing Travis Garland said in a statement. “The market has exhibited strong interest in Coda — the cutting-edge collaborative office and data center under construction in Technology Square. This new opportunity at 740 West Peachtree will allow us to build on the momentum of Coda as well as the excitement around Midtown.”

Portman Holdings considering two more towers near Georgia Tech

[primaltech]

Hopefully in the process they can demolish that horrible huge parking deck behind this property, along Spring.

[fieldm]

Nice...that area from the Varsity parking lot to Apache Cafe is going to look like Spring st and 9th st area in 3+ years

[primaltech]

And you just know eventually something will happen with this large surface parking lot block right in the middle of Tech Square:

https://www.google.com/maps/@33.7768...7i13312!8i6656

[Gulch]

Updated with renderings

Portman Holdings’ plans for a Midtown block now comprised of surface parking and low-rise banks could include two glassy towers of varied dimensions resembling Tetris pieces—and loads of stacked parking.

That’s according to renderings and details first gathered by the Atlanta Business Chronicle, which reports the developer hopes to break ground in the first half of next year. Why the rush? Demand for office space at Portman’s under-construction, 21-story Coda project next door is so strong that all interested companies—including large tech firms—might not fit.

According to the ABC, the 740 W. Peachtree St. project would encompass more than 600,000 square feet, built in two phases, beginning with an office piece at the corner of 4th and West Peachtree streets.

The second phase would (obviously) come later, comprised of more offices and roughly 140 residential units. About 9,500 square feet of retail would dot the project’s base at street level.

Interestingly, the two banks operating on the 1.7-acre site now (SunTrust and Midtown banks) would be worked back into the towers, with drive-thru corridors behind the towers, the ABC reports.

The proposal came before Midtown’s Development Review Committee on Tuesday night, and one sticking point was placement of the planned 1,039 parking spaces, with planners asserting that parking could be better screened within the design.

The development team hopes to leverage momentum in the neighborhood fueled by Georgia Tech, tech-oriented industry, and the growth of residential development.

One block north, Coda is scheduled to open in 2019.

Looks like the deck on Spring Street is staying:

[cqholt]

Originally Posted by Gulch

Updated with renderings



Looks like the deck on Spring Street is staying:

Go back to the drawing board!

[Gulch]

Originally Posted by cqholt

Go back to the drawing board!

This design should've been laughed out of yesterday's meeting.

[primaltech]

I think it looks rad. I like that look.

[Gulch]

Originally Posted by primaltech

I think it looks rad. I like that look.

To clarify, I have less of an issue with the look and more with the 1980s parking tower design.

[Pemgin]

Everything about this proposal, from the massing to the street engagement to the obvious and enormous parking deck within, is garbage.