UrbanizeAtlNewsBot

UrbanizeAtlNewsBot

Images: Next to Atlanta Braves’ stadium, another new tower pitched Josh Green Mon, 07/15/2024 - 09:50 Optimism for vertical real estate growth around the home of the Braves shows few signs of abating.

A proposal has recently emerged for an office tower next to the Cobb Cloverleaf interstate exchange that would continue a spate of development with a variety of uses—including other offices—next to Truist Park and The Battery Atlanta, the entertainment district attached to the ballpark.

The glassy, 13-story office project would be an expansion of the three-building Circle 75 Office Park—a portion of which overlooks the Braves’ stadium today.

According to SK Commercial Realty, the new building could span up to 250,000 square feet of “trophy” office space where two major interstates meet one of metro Atlanta’s most bustling entertainment hubs.

The proposed location of the 1200 Circle 75 Parkway building in relation to interstates and the MLB stadium. SK Commercial Realty, via LoopNet

How the 1200 building would relate to the existing 1100 Circle 75 Parkway building (at right) and the under-construction Henry project (far right). SK Commercial Realty, via LoopNet

Upper floors of the building’s northern elevation would peer down into Truist Park. On other facades, the building’s signage would overlook nearly a half-million passing interstate motorists per day on Interstate 285 and I-75 combined, according to marketers.

The project is described as the only build-to-suit office stack with stadium and interstate visibility, along with connectivity to access roads in the Cumberland and Cobb Galleria submarkets. Leasing rates aren’t specified, but a typical floor size would be just over 19,000 square feet.

Marketing materials posted in recent days state the project could be available in January 2027.

Next door in the office park stands a 17-story tower from 1984 called 1100 Circle 75 Parkway, with more than 1,500 parking spaces.

The 1100 building’s stadium proximity today. SK Commercial Realty, via LoopNet

SK Commercial Realty, via LoopNet

Should the 1200 project proceed, it would rise one building away from the under-construction, two-phase The Henry, which is planned to include an apartment tower, a 250-key Marriott Autograph hotel, and The Battery’s first for-sale condos.

On the same street stands the district’s tallest structure, the new TK Elevator test tower and adjacent offices.

Meanwhile, on the flipside of the stadium near home plate, the two-building national headquarters for Truist Securities—Truist’s full-service corporate and investment bank—topped out this past spring. On the residential front, the 298-apartment Ellison Parkview project began leasing a stone’s throw from the stadium in May, with some rents flirting with $4,000 monthly.

Find more context and imagery in the gallery above.

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Images: Next to Atlanta Braves' stadium, another new tower pitched

Images: Next to Atlanta Braves' stadium, another new tower pitched