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Tower watch: Crane erected for Atlanta’s tallest high-rise in decades Josh Green Thu, 10/19/2023 - 15:45 Three months after its official groundbreaking ceremony, a sky-piercing mixed-use project slated to be Atlanta’s tallest new building in more than 30 years has reached a construction milestone.

Within the past week, New York City-based developers Rockefeller Group have erected a construction crane over the West Peachtree Street pit where the U.S. Postal Service long housed Midtown operations in a low-rise building.

Rockefeller’s plans for the 60-story 1072 West Peachtree building call for achieving two benchmarks as Atlanta’s tallest residential building and tallest mixed-use tower.

The 1072 West Peachtree site’s construction crane, as seen this week looking northwest toward Atlantic Station.Submitted

Set on the southwest corner of West Peachtree and 12th streets, the project’s height will alter Midtown’s skyline, especially when viewed from the west. Rockefeller officials say the tower will climb more than 730 feet—making it Atlanta’s fifth tallest high-rise, supplanting Westin Peachtree Plaza Hotel for the No. 5 spot.

No taller skyrise has been built in Atlanta since 1992.

Designs by Atlanta-based TVS call for 6,300 square feet of retail at the street and 224,000 square feet of Class A office space above that. Topping the building will be more than 350 apartments alongside amenities described as world-class. Another component will be Midtown’s largest outdoor amenity deck, designed for expansive views of the city, Rockefeller officials have said.

Site activity along West Peachtree Street this week. Submitted

Rockefeller hosted a ceremonial groundbreaking for 1072 West Peachtree alongside City of Atlanta officials and project partners in July.

At that time, John Petricola, Rockefeller’s senior managing director of the Southeast region, said the company is “commitment to the continued growth of Atlanta” and providing a Midtown project that will “meaningfully elevate the experience of living and working here.”

A joint venture between Rockefeller Group, Japan-based Taisei USA, and Mitsubishi Estate New York is providing the project’s equity, officials said in July. Sumitomo Mitsui Trust Bank, a New Jersey-based subsidiary of one of Japan’s major trust banks, has signed on to provide a senior loan to fund 1072 West Peachtree’s construction financing.

A new perspective on how Rockefeller expects the tower to meet West Peachtree Street. Site Solutions is the project’s landscape architect. Courtesy of Rockefeller Group

Rockefeller is familiar with the area, having partnered with Selig on the 40 West 12th condos a block from the former post office. The company bought the 1.14-acre USPS site for $25 million in 2020.

In February last year, the Midtown post office closed and moved its operations to Selig’s 1065 Peachtree Street building, the first step in setting the stage for demolition and redevelopment.

No timeline for 1072 West Peachtree’s completion has been specified, but the site has seen heavy demolition and infrastructure work ongoing since March.

The latest rendering showing the 1072 West Peachtree project’s eastern facade, toward Peachtree Street and Piedmont Park. Courtesy of Rockefeller Group

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Tower watch: Crane erected for Atlanta's tallest high-rise in decades

Tower watch: Crane erected for Atlanta's tallest high-rise in decades