UrbanizeAtlNewsBot

UrbanizeAtlNewsBot

Crane watch: New tower shines outside Braves’ Truist Park Josh Green Tue, 09/10/2024 - 08:06 A literal bright spot on the Atlanta Braves’ injury-riddled 2024 season is rounding into shape near home plate.

Braves Development Company, the team’s real estate arm, has activated a vibrant light scheme for a new office tower complex that’s part of a mixed-use growth spurt beyond the 41,000-seat MLB ballpark’s walls at The Battery Atlanta.

The two-building, Class A office project under development now (a variation from initial renderings shared in 2022) will serve as the new national headquarters for Truist Securities, Truist’s full-service corporate and investment bank.

Earlier this year, the 250,000-square-foot office building topped out at nine stories on the northwest side of Truist Park, up the street from the orange parking deck and Coca-Cola Roxy music venue. An adjoining parking deck with 750 spaces has also been erected.

Multicolored light scheme over the main office portion of Truist Securities new national headquarters. Josh Green/Urbanize Atlanta

Location (starred) of the new Truist Securities complex in relation to the ballpark and mixed uses around The Battery Atlanta. BatteryAtl.com

Braves Development Company officials have said the project remains on schedule to be completed later this year, with Truist employees moving in sometime in 2025. At the outset, those employees will occupy only about half of the building, according to terms of the 15-year leasing deal.

The idea is that Truist will have the option to house more employees and grow its business presence at The Battery over time.

The office building will eventually house about 1,000 Truist Securities employees, roughly 300 feet behind the ballpark. Also in the plans is a 42,000-square-foot trading floor, officials have said.

Where work continues on base levels of the main office building. Josh Green/Urbanize Atlanta

Where the project’s 750-space parking deck abuts the main office building. Josh Green/Urbanize Atlanta

Billed as “Atlanta’s Premiere Entertainment District,” The Battery totals more than 2.25 million square feet of development today. Truist Securities’ headquarters isn’t the only substantial project in the district’s pipeline.

A two-tower project called “The Henry”—an homage to late Braves legend Hank Aaron—is in development with infrastructure work beyond Truist Park’s left and centerfield walls. The Henry’s plans call for a mix of more than 500 upscale apartments, a 250-key Marriott Autograph hotel, retail space, and 54 condos, the latter representing a rare for-sale residential option for the district.

Also nearby, plans emerged earlier this year for a 13-story office project that could take shape between the ballpark and Cobb Cloverleaf as an expansion of the three-building Circle 75 Office Park.

Meanwhile, on the flipside of the stadium, an apartment venture called Ellison Parkview has opened on Windy Ridge Parkway, claiming what used to be 4 acres of hilly woods about a block west of the ballpark. It includes 298 rentals, 6,000 square feet of space for restaurants and retail, and a new rideshare pick-up and drop-off area.

One-bedroom rents at Ellison Parkview start at $1,790 per month (for 597 square feet) right now, while some of the largest units (1,557 square feet) are commanding north of $5,800 monthly.

The portion of the building along Hank Aaron Way, an entry/exit at the northernmost point of The Battery. Josh Green/Urbanize Atlanta

Initial plans for how the project would look from Truist Park’s entrance behind home plate, according to 2022 renderings. Braves Development Company; designs, Nelson Worldwide

Swing up to the gallery for a closer look at The Battery’s latest addition and more project context.

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Crane watch: New tower shines outside Braves' Truist Park

Crane watch: New tower shines outside Braves' Truist Park