Skidmore Owings & Merrill LLP has been retained as the project's architect, with the design phase expected to take up to 16 months. The developers also have a long-term agreement with InterContinental Hotels Group to brand and manage the hotel and multifamily components of 1400 Peachtree.

The hotel is the latest addition to plans for 1400 Peachtree, which has been in the works over the last two years. Shailendra and Jamestown purchased 1.7 acres to start the project in October 2006, after which Shailendra bought another 1.3 acres nearby from the Atlanta Ballet for a reported $12 million in July 2007. Shailendra says the site is zoned for density of approximately one million sf, with other elements including office and retail space.

"With this team in place, we plan to raise the bar on both design and function to attract office users, hotel guests, retailers and residents seeking superior quality and value," John Robbins, Shailendra senior vice president, stated in a release. The company owns or controls nearly 9,000 acres in the Atlanta area as well as Tampa and Panama City, FL.