CBRE today announces that Phase I of renovations to Tower Square, the 1.8 million-square-foot, mixed-use tower in South Midtown, is complete. Phase II of the multimillion dollar capital improvement project will begin this year. CBRE Senior Vice Presidents Kyle Kenyon and Amy Fingerhut, Executive Vice President Chris Port and Associate Alex Port are leading office and retail leasing for the property.
Located at 675 West Peachtree Street, Tower Square is the largest office opportunity in Atlanta, rising above Midtown with 45-stories and 1.4 million square feet of Class-A office space. Now complete, Phase I renovations consisted of upgrading the lobby and exterior signage, introducing a 24-hour security team and adding more than 28,000 square feet of greenspace – the largest in Midtown. The WiFi-enabled greenspace will feature patio and covered seating, creating an open-air, collaborative environment. Phase II is set to begin this year and will include the transformation of the Annex, a 400,000-square-foot, seven-story building adjacent to the main tower. Once complete, the Annex will feature 70,000 square feet of loft office space and 90,000 square feet of street-level retail. To enhance connectivity, the Annex features a two-floor parking garage with a skybridge connection to the main tower, and a convenient, in-building connection to the North Avenue MARTA Station.
“Tower Square offers the largest block of available Class-A space in the Southeast and is strategically located in South Midtown – Atlanta’s most accessible and well-connected business district,” said Port. “With flexible, column-free floor plates, a thoughtful approach to retail and competitive amenities, we’re confident Tower Square is the ideal opportunity for high-growth companies looking for space that reflects the future of office.”
Tower Square is the largest of several projects underway south of Tech Square, Atlanta’s innovation headquarters, and is a major catalyst for South Midtown’s continued growth and momentum. The burgeoning micro-market continues to experience significant investment, with nearly 3 million square feet of proposed or under-development projects in the pipeline, according to CBRE. In addition, Tower Square is immersed in the arts and cultural hub of Midtown, as it is adjacent to Atlanta’s renowned Fox Theatre. The project will bring a much-needed, critical mass of dining and retail to the market, which will be highly trafficked by South Midtown’s dense population and workforce. The Annex building, which previously served as an interior mall, is being reoriented so the storefronts face and interact with West Peachtree Street.
“Imagine a lively streetscape with al fresco dining, dynamic fitness, energetic entertainment and essential retail – this is what South Midtown is missing,” said Fingerhut. “Through this project, we have the opportunity to give thousands of office users, residents, visitors and passersby unprecedented access to the best retail mix in the city. As we gear up for Phase II, we’re looking forward to repositioning the Annex building so it can thrive in South Midtown’s vibrant, rapidly growing neighborhood.”
Tower Square offers seamless access to I-75/85, and is only a 12-minute drive to Hartsfield-Jackson Atlanta International Airport. Tower Square’s pedestrian access is unmatched, with nearly 100 dining, retail and businesses options located within a 10-minute walk. For office and retail leasing information, visit: https://tower-square.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
