NCR said to consider second phase of Midtown HQ


Financial technology giant NCR’s plans for a new headquarters complex in Midtown Atlanta could be growing.

The Fortune 500 maker of software, ATMs and self-service kiosks is working on a potential second phase of the project even as the first rises, people familiar with the matter told The Atlanta Journal-Constitution.

NCR and its developer, Cousins Properties, are considering a second office building next to a tower of about 20 stories already under construction at Eighth and Spring streets near Technology Square.

Details about the size of the potential second phase were not immediately known.

NCR officials declined to comment Wednesday.

A message left with a spokeswoman for Cousins Properties was not immediately returned.

The L-shaped design of the first tower reserves land on the site for future phase of the Midtown project.

NCR CEO Bill Nuti has said the intown shift is designed to help the company tap student and faculty talent at Georgia Tech. Payment processor Worldpay US and a number of other tech companies have made similar relocation announcements in recent years.

The AJC first reported NCR’s plans last year to relocate to Midtown from Gwinnett County. NCR said in January 2015 it would shift 3,600 jobs to Midtown.

At the time, NCR said it planned to maintain a second office campus in the northern suburbs, in Gwinnett or elsewhere. It is not clear if those plans are still on the table.

Cousins officials said last week in the company’s second quarter earnings call that the size and cost of the NCR project was fluctuating and likely would continue to as a design is finalized.

In response to an analyst’s question concerning Cousins’ portfolio of development sites, Cousins Chief Financial Officer Gregg Adzema said the second phase of the NCR project is “about to start.”

Staff writer Greg Bluestein contributed to this report.


Reader Comments ...


Next Up in Business

Your eggs probably aren't cage-free
Your eggs probably aren't cage-free

For some time, it seemed like the plight of egg-laying hens-confined to cages so small they can't even spread their wings-was ending. Restaurants, retailers, hotels and manufacturers, as well as food service and hospitality groups, suddenly recognized that consumer revulsion might cost them real money. So they rushed to announce self-imposed deadlines...
Troubled Georgia nuclear project faces another fateful moment
Troubled Georgia nuclear project faces another fateful moment

The future is again in question for a multi-billion expansion of Plant Vogtle in Georgia. But consumers are likely to pay for the nuclear power project even if it’s never completed. By the end of day Monday, energy organizations from around the state are supposed to vote on whether the expansion should be kept alive despite repeated delays and...
Atlanta home sales down again, prices rise
Atlanta home sales down again, prices rise

A supply-demand mismatch has continued to chill housing sales in metro Atlanta, according to a report from Re/Max of Georgia. The number of home sales last month was down 7.1 percent from the level of a year ago, with the worst plunge coming in Clayton, where sales fell 17 percent. That compares with a national decline of 1.1 percent during the same...
Top 10 holiday toys of 2018: Predictions on what toys are expected to sell out
Top 10 holiday toys of 2018: Predictions on what toys are expected to sell out

Parents, this is your public service announcement. Target, Walmart and Amazon have released their hot toy lists for the 2018 holiday season, and they include many of the toys expected to top kids' wish lists and sell out quickly.           BlackFriday.com looked at the three retailers' ...
More Stories