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Asana Partners and its Atlanta leasing partner Capital Real Estate Group have announced plans to develop an Old Fourth Ward Coca-Cola bottling facility — one of the beverage company’s first — into “creative,” single-tenant office space. Redevelopment on 560 Edgewood is set to kick off in 2021 to bring 50,000 to 100,000 square feet of Class A+ space steps from the BeltLine Eastside Trail and Krog Street Market — also owned by Charlotte-based Asana and currently undergoing an expansion.
“Single-tenant space of this size is rare in the desirable Old Fourth Ward neighborhood,” Bennett Gottlieb, Capital Real Estate Group President, said in a prepared statement Thursday. “Add to that the iconic façade, innovative design, and potential for Opportunity Zone tax credits, and you have an extraordinary opportunity for a company to provide a very attractive work environment for Atlanta’s top talent.”
Local architecture firm ASD | Sky will lead design, “incorporating sustainable practices while highlighting the historical integrity of the building.” Other features will include secure parking, private access, high ceilings, and exterior signage.
“560 Edgewood is positioned in the heart of one of Atlanta’s most amenitized neighborhoods and surrounded by a dense population of highly educated, young talent,” Brian Purcell, Asana Partners Managing Director, said. “Modernizing the space while maintaining the building’s historical authenticity will provide an exceptional work experience.”
The adaptive reuse project will “cater to those companies looking for flexibility in a culturally-rich area of Atlanta that has seen an influx of investment in recent years, largely due to its location and livability,” a spokesperson said.