Developer Planning Mixed-Use Project Near Buckhead MARTA Station

An Atlanta-based developer has filed plans with the Atlanta Regional Commission to construct a mixed-use project at a parking lot adjacent to the Buckhead MARTA station which was long envisioned to become part of Capital City Plaza.

According to Atlanta Business Chronicle, Regent Partners will go before a Buckhead Development Review Committee on Wednesday to discuss their plans for the site, which would include a 550,000 sq. ft. office tower, 9,500 sq. ft. of retail space, 300 apartments, and 50 condos.

The parking lot that Regent Partners wishes to redevelop is located on Tower Place Drive, across the street from Tower Walk Park. The lot also abuts the MARTA pedestrian bridge which allows commuters to cross over Ga. 400 to reach the Buckhead MARTA station.

Atlanta Business Chronicle reports that office space in Buckhead is selling for up to $40 per square foot, and signature developments like Buckhead Atlanta may be asking and receiving even more from tenants.

Tishman Speyer began work on Three Alliance Center, another massive Buckhead office tower, back in August.

Buckhead View reports that Three Alliance Center, a 30 story, 500,000 sq. ft. office tower will be the capstone of the Alliance Center property, which is expected to be fully operational by the middle of 2016. Apart from One, Two, and Three Alliance Center, the complex also contains the Paramount condominiums on Stratford Road.

The property will feature on-site fitness and conference centers, improved data reception throughout the buildings, 24 hour security, a 1,250 space below ground parking deck, and expansive green space abutting the Buckhead MARTA station.

Three Alliance Center will contain 19 levels of pure office space and a unique glass curtain wall for panoramic views of Buckhead and the rest of the city.

Tishman Speyer, the real estate builders and operators for the Three Alliance Center, say that upon completion, the building will contain 10 percent of the office space in the entirety of Buckhead.

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