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Colonnade Breaks Ground on 11-Story Parking Deck Awaiting 10-Story Office Building

ATLANTA-The 22-year-old New York-based developer won't start the 500,000-sf office portion until it signs an anchor tenant for the newest addition to the six-building, 2.55 million-sf, $245 million Peachtree Center complex Downtown.

By Alex Finkelstein | Updated on September 19, 2001

ATLANTA-Colonnades Properties of New York is betting it will find an anchor by fall 2002 for a planned 10-story, 500,000-sf addition to its Downtown six-building, 2.55 million-sf Peachtree Center complex at 229 Peachtree St.

Fall 2002 is the expected completion date of Colonnades’ 11-story, 2,100 space parking garage that is being built at an estimated hard construction cost of $10,000 per space or $21 million, area construction industry estimators tell GlobeSt.com on condition of anonymity.

The office building will be constructed atop the parking deck. When completed, the garage and office building will have a total 21 levels.

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CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

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