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

SunTrust aims to spread name with airport branch, ATMs
SunTrust aims to spread name with airport branch, ATMs

By opening a branch and ATMs at the world’s busiest airport, SunTrust hopes to gain national visibility. The Atlanta-based bank has a new contract to operate a branch and 16 ATMs at Hartsfield-Jackson International in the first quarter of 2019, replacing Wells Fargo ATMs. And with the Super Bowl headed for Atlanta next February, SunTrust plans...
Atlanta-based Interface in $420 million purchase of German company
Atlanta-based Interface in $420 million purchase of German company

Atlanta-based Interface has made a $420 million deal to buy a German company that is a leader in the global flooring market. Interface is acquiring Nora Systems, a move that the company said should dramatically expand its market reach to new categories. The two companies are more “complementary” than competitive, said Jay...
Home sales sag, but prices up 9.9 percent from last year
Home sales sag, but prices up 9.9 percent from last year

Metro Atlanta home prices are up 9.9 percent from a year ago, even as the number of sales has slipped. The strong rise in prices is a sign of the continued imbalance in housing, with demand continuing to out-pace supply. The median price of a home sold in May was $248,445, compared to $226,000 during the same month a year ago, according to a report...
Tapped-out demand for beer partly blamed for layoffs
Tapped-out demand for beer partly blamed for layoffs

A global manufacturer of glass has confirmed plans to close its Atlanta facility next month, laying off about 270 people, most of them hourly workers. Owens-Illinois, Inc., which is based in Ohio, will shutter the Sylvan Road facility around July 18, according to a spokeswoman at the $6.9 billion-a-year company. The decision to close the Atlanta plant...
Talk rising of possible recession, trade key danger for Atlanta
Talk rising of possible recession, trade key danger for Atlanta

Tom Smith watches each Sunday morning for signs of recession at Panera Bread. It’s telling: The size of the crowd, the attitude of the families – are they enjoying the chance to relax and spend a little money on themselves, the way people do when they have a few dollars extra, or are they anxious about keeping their jobs and paying their...
More Stories