Portman ponders two more Midtown Atlanta towers


Portman Holdings, which already has a Midtown Atlanta tower called Coda in the works, said Monday it is in “pre-development” for two additional towers 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 Coda building site. Property records show SunTrust owns the site.

“The market has exhibited strong interest in Coda — the cutting-edge collaborative office and data center under construction in Technology Square,” Portman Director of Leasing Travis Garland said in a statement.

“This new opportunity at 740 West Peachtree will allow us to build on the momentum of Coda as well as the excitement around Midtown.”

Midtown has been hot, particularly for tech firms. NCR is building a new corporate headquarters near Tech Square. Equifax, Sage and Worldpay US are among companies that have expanded in Midtown in recent years.

Developers including Selig and Hines have announced new office projects in the Midtown submarket as office vacancy has tightened.

The Portman proposal will go before a city development review committee on Tuesday at 5:30 p.m.

Coda, a 21-story tower, is the second phase of the popular Technology Square development. The tower will feature office and research space for Georgia Tech and the private sector. The development will also feature a high-performance data center for sophisticated research and development.

Coda is expected to open in 2019.



Reader Comments ...


Next Up in Business

Like your workplace, tell us about it

You say you work for a great company with an encouraging and inclusive atmosphere. You say you have good benefits. You say your bosses are fair, sympathetic, understanding. Then why not share the good news? And, there’s still time to do it because the nomination deadline has been extended to Nov. 17. In March, The Atlanta Journal-Constitution...
Coke rejects charges of deceit in Diet Coke’s name
Coke rejects charges of deceit in Diet Coke’s name

A lawsuit has been filed against Coca-Cola charging the company with falsely advertising Diet Coke — allegations that the company vehemently rejects. The plaintiffs say that, instead of aiding in weight loss, the drink actually promotes weight gain and – worse – triggers other health problems, according to a report in Top Class Actions...
Wes Moss: Why bitcoin is a big deal, and why you should be careful
Wes Moss: Why bitcoin is a big deal, and why you should be careful

Bitcoin. It’s everywhere. Thanks to its skyrocketing value, it’s been a regular topic on the front page of every financial website. One bitcoin is currently worth $5,500, up from $1,000 in December. I hear what you’re thinking. Wow. So, what’s bitcoin? And am I missing out on something? Bitcoin, simply put, is a currency, similar...
Athenahealth cutting jobs, but outlook in Atlanta unclear
Athenahealth cutting jobs, but outlook in Atlanta unclear

Athenahealth, the Massachusetts-based electronic medical records company with a substantial operation in metro Atlanta, said Thursday it plans to cut its workforce by 9 percent as part of a cost cutting plan. It’s unclear how many jobs in Atlanta might be affected, but before Thursday, Athenahealth had been in growth mode in the Atlanta area...
Video: Georgia brings its bid for Amazon HQ2 to Seattle
Video: Georgia brings its bid for Amazon HQ2 to Seattle

A top Georgia recruiter on Thursday walked into Amazon’s Day One tower in downtown Seattle to hand-deliver the state’s pitch for the e-commerce giant’s second headquarters. And she had a camera crew in tow. Brittany Holtzclaw, director of logistics, energy, agribusiness and food processing for the state’s economic development...
More Stories