ATLANTA—Trammell Crow Company and a joint venture partner advised by CBRE Global Investors unveiled plans for a 3.94-acre site in Atlanta's Central Perimeter that is directly connected to the Dunwoody Marta Station. The site, which TCC acquired on December 15, 2017, will be home to Twelve24, a new, transit-oriented 16-story office tower.
Twelve24 will feature 334,000 square feet of class A office space along with 11,000 square feet of ground floor retail and restaurants. Insight Global, a national staffing and services company, has already signed a long-term lease for approximately 60% of the building. Twelve24 is expected to break ground in summer 2018 and complete in early 2020.
“Atlanta office buildings have always strived to set new class A design standards, and our goal for Twelve24 is that it too will elevate the overall profile of the Atlanta office market,” Brandon Houston, principal with Trammell Crow Company, tells GlobeSt.com. “From its exterior design to its large open floorplates and destination elevators, Twelve24 will include several design trends that office tenants across the country are desiring today and in the future.”
Twelve24 will feature large, open floorplates with floor-to-ceiling glass, extensive outdoor terraces within tenant spaces and within the building's common areas. The project will also feature amenities including a great room—a lounge and collaboration area for tenants and guests—a conference center, an executive-level fitness center, and on-site restaurants.
The development team is seeking LEED Gold Certification. TCC is also working with Concord Hospitality Enterprises to develop a 10-story, 180-room select service hotel directly connected to Twelve24. Hotel guests and Twelve24 tenants will share the elevated outdoor terrace level between the two buildings.
“TCC's strategy to re-enter the Atlanta office market was to identify a site and building design allowing for one of the most unique office development opportunities in the Atlanta metro area,” Houston, principal with TCC's Atlanta Business Unit. “Twelve24's transit-oriented mixed-use environment with the combination of restaurants, retail, office, and hospitality creates a truly exceptional work space environment.”
The site is located in Atlanta's largest office submarket and Twelve24 will be the only multi-tenant office building with direct access to MARTA's Dunwoody Station. It is adjacent to the Perimeter Mall for a variety of restaurants, shopping and entertainment venues.
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The City of Dunwoody City Council recently passed a new zoning ordinance to allow for future densification and walkable, pedestrian-friendly destinations along Hammond Drive, which is the main street for the project. The office project sits minutes from GA-400 and I-285 via multiple routes allowing easy access to numerous northern Atlanta communities.
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