An expansion on Marietta Street by Georgia Tech is set to include more than 1,000 residential units, a 300-room hotel, and 250,000 square feet of office space.
According to a Development of Regional Impact filing for the “Randall Brothers Redevelopment,” the project is estimated to be complete in 2034. Details about the plans were reported by Atlanta Business Chronicle.
The project proposes to repurpose an “existing building as a restaurant/retail space and redeveloping the remaining buildings as multi-family (high-rise) housing including potential dormitory use, a hotel, general office space, retail/restaurant space, and arts-focused academic area with theater space,” according to the filing.
Georgia Tech envisions a mixed-use arts district on the property on the west side of Atlanta, which includes the former Randall Brothers headquarters at 665 Marietta Street. The redevelopment includes turning the 40,000-square-foot warehouse located on the property into an “event, retail and entertainment venue,” according to the news outlet.
Randall Brothers is an Atlanta-based building materials supplier that relocated after selling the property. The site is at the corner of Marietta Street and North Avenue.
The Georgia Tech Foundation bought the 7.5-acre property for $36 million in 2018.
5 Responses
5 million dollars an acre seems way too high for using land for a college.
It is way less than relocating the college out of a major City 🙂
Wow.
Ten years to build out?
Who is the architect?
This development is in addition to an 18 acre site at North Avenue and Northside Drive which will encompass a technology center, classrooms, retail space, etc. The focal building will be twelve stories. While the significant investment in new facilities on both sides of I-75 would be grand to see in a new, less urban campus, the proximity to technical firms in Atlanta fits nicely into the integration of the school into Atlanta’s technological future.