Developer Jamestown is moving forward on plans to convert about 150,000 square feet of warehouse space in Atlanta’s Upper Westside into creative office space, according to new construction permit applications filed on Friday.
Named Allied Studios, the office development will take shape from existing warehouse buildings at 1401 and 1435 Hills Pl. NW and feature a range of tenant suites for creative office, artistic production, maker, and showroom space, plans on file with the city show.
The project follows the launch of Jamestown’s unusual direct-to-consumer investment platform launched in 2019. Both Hills Place buildings, as well as 1357 Collier Rd. (a building just down the road that is part of the Allied Studios project) were early target investments of the fund, Jamestown Invest 1. Jamestown paid a combined $22.9 million for the three properties – and an additional $5 million for nearby 1483 Chattahoochee Ave. – in 2019, according to Fulton County Property records.
“This submarket has experienced an influx of creative users in recent years, many relocating here for quality showroom space at a relative value compared to options in Buckhead and Peachtree Hills and providing customers proximity to I-75/I-285 interstate access,” Jamestown says in an online description of the project and assets, which are collectively called the Upper Westside Portfolio.
Jamestown didn’t immediately respond to a request for comment on the filings.
Plans on file for Hills Place with the city as of this month, which list a combined cost of construction of about $11.35 million, follow land disturbance filings for site work in November and December.
Most of the new office space will be built out of the 120,231-square-foot warehouse building at 1435 Hills, with construction also occurring at a 31,825-square-foot warehouse building to its east at 1401 Hills, plans show. A permit application for 1357 Collier, a 50,000-square-foot warehouse building at the east end of the roughly 10-acre project site, hasn’t been filed this month. It has been occupied by furniture company Stock & Trade Design Co.
The architect for the project is shown as Atlanta-based firm Ai3.
The project as a whole will include 310 parking spaces, according to site plan drawings.
[Correction: A previous version of this article implied that Jamestown Invest owns the Hills Place and Collier Road properties. Jamestown Invest has named the project a target asset, but Jamestown owns the site. Jamestown Invest does not currently have a stake in the project.]