Jeff Pollock, CCIM
jp@pollockcommercial.com
tel. 404-865-3875 |
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Incredible Redevelopment Opportunity
for sale
The Property:
- 400,000 sq. ft. former office building including 86,000 sq ft of parking
- The building comprises four separate structures that are interconnected and built from 1929-1970
- All cast-in-place concrete structure with “as-is” replacement value of over $20 million
Location:
- 2.1 acre city block in the “Railroad District” of Downtown Atlanta adjacent to site of regional impact, “The Gulch,” and Castleberry Hill neighborhood
- Two blocks from Five Points and Garnett MARTA rail stations
- Walking distance to Centennial Park, Philips Arena, Capitol Hill, Georgia State University and Georgia Dome
- Adjacent to 40,000 government workers (State Capitol and Federal workers) and 40,000 college students.
Redevelopment Opportunity:
- Potential conversion of existing structure to create a mixed-use community
- Approximately 225 residential units
- 65,000 square feet of commercial including office space, boutique shops, and a penthouse entertainment/dining establishment
- Amenities may include rooftop deck, fitness center, pool, parking on-site, storage facilities
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