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Renovations of the Ponce City Market 68,000 square-foot third floor are ready to be underway, according to a filing for a commercial alternations building permit by FanDuel with the City of Atlanta. The permit application describes $7,000,000 worth of interior renovations including new walls, finishes, fixtures, millwork and equipment. The permit application was filed last week on September 16th and is awaiting approval.
The filing indicates that FanDuel is ready to move forward with its planned Technology Campus at Ponce City Market, which was announced in June. When completed, the campus will house the online sports betting company’s software engineering, product development, user experience (UX), and user interface (UI) teams. The company plans to grow its Atlanta-based workforce to approximately 900 workers over the next five years, according to the June announcement.
Despite its product not being legal in Georgia, FanDuel has moved forward with expanding its operations in Georgia with Governor Brian Kemp‘s blessing. In an official press release in May, the Governor touted the 900 jobs and $15 million investment in Atlanta as a “testament to our world-class universities and tech training programs, as well as the diverse ecosystem of professional sports leagues and teams we’ve cultivated here.”
When the campus was announced in June, Matt Bronfman, CEO of Jamestown, the real estate investment and management company behind Ponce City Market, said that “over the last few years, Ponce City Market has become a major employment hub for the City of Atlanta… FanDuel will add to that important distinction and further grow the property’s dynamic ecosystem of tech and creative class companies.”
Since Ponce City Market’s grand opening in 2013 the project has been credited as a catalyst for revitalizing the Old Fourth Ward neighborhood. The property currently includes 643,000 square feet of Class-A office, with 75,000 square feet of entertainment, 300,000 square feet of retail and over 36 food and beverage purveyors. In addition, Ponce City Market recently unveiled new plans to include 500,000 square feet of new development and neighborhood amenities. The expansion is slated to include an office building, outdoor courtyard with 38,000 square feet of shopping and dining, and more than 400 units in a new “hospitality living” concept.