Portman Holdings announces the development of a third office tower in Midtown Atlanta at 712 West Peachtree Street. The 310,000-square-foot, 20-story state-of-the-art office development in Atlanta’s Technology Square is adjacent to Anthem Technology Center, currently under construction at 740 West Peachtree, which is slated to open in 2020. 712 West Peachtree is 85% leased. Groundbreaking for 712 West Peachtree is slated for May, and construction is expected to take 24 months to complete.
Portman Holdings has partnered with SunTrust Banks and USAA for the construction financing.
Located near Portman’s recently opened Coda Tech Square, 712 West Peachtree will be situated in a highly-concentrated Technology Square that has become known as an innovation hotbed; with major corporate presence, research facilities, incubators, technology start-ups and the Georgia Institute of Technology campus.
“We are pleased to commence the construction of a third office tower on West Peachtree, adjacent to the Anthem Technology Center and Coda Tech Square. 712 West Peachtree continues a legacy of creating vibrant and innovative workspaces and our continued investment in Midtown Atlanta,” said Ambrish Baisiwala, Chief Executive Officer of Portman Holdings. John Portman & Associates designed the building.
The building will share a city block, integrated lobby space, and 8th floor exterior terrace with Anthem Technology Center at 740 West Peachtree. 712 West Peachtree will offer stunning views of Midtown and Downtown Atlanta from its 13 office floors situated above an 8-story parking deck. The building will contain over 8,000 sf of retail space. The vertical integration of programmatic elements allows the building to maximize a compact site area within the urban context. The location is the most transit-friendly in Midtown, offering a high-walkability score, access to the North Avenue MARTA, and on-site bicycle parking.
About Portman Holdings
Throughout the past 62 years, Portman Holdings has developed over 70 million square-feet of premium real estate around the world with a focus on hospitality, office and mixed-use properties. The vertically integrated real estate development, investment and management company commands a successful global network and has a proven track record with the world’s top financial institutions. Teams in the company’s global offices seamlessly connect to develop, finance and manage a diverse portfolio in the world’s core and emerging markets. Portman Holdings continues to achieve success through investor, partner and client relationships that deliver exceptional real estate projects. For additional information, visit
www.portmanholdings.com and follow the company on Twitter via @PortmanRE.
About John Portman & Associates
John Portman & Associates (JPA) is an internationally renowned architectural design firm with offices in Atlanta and Shanghai. Established in 1953, Portman has more than 60 years of experience in designing mixed-use urban developments, hotels, office buildings, multiunit residential complexes and exhibition centers. Portman projects can be seen in more than 60 cities worldwide. The firm’s architecture transcends national borders by striving for universal human appeal, enhancing the environment for users and providing a sound investment for owners and operators. For more information on John Portman & Associates, visit www.portmanusa.com and follow the company on Twitter via @JPortmanAssoc.