Novelis will move its global corporate headquarters to the Phipps Plaza mall redevelopment project, owner Simon Property Group announced on Thursday.
The aluminum production and recycling company will occupy 90,000 square feet of One Phipps Plaza, the 13-story, 350,000-square-foot office portion of the Buckhead development, which broke ground in 2018. The company is on schedule to open the office next summer and will house 500 Buckhead-based employees at the site, according to Simon. Novelis is currently headquartered about half-a-mile west, at Two Alliance Center.
“We are excited to welcome Novelis to One Phipps Plaza, where they will enjoy the robust benefits of being a part of the new Phipps Plaza,” Simon Senior Vice President of Development and Asset Intensification Patrick Peterman said in a statement. “One Phipps Plaza is designed to meet the highest standards in sustainability with a focus on indoor environmental quality, water and energy efficiencies.”
As companies settle into new balances between remote and office work, Novelis’ new workspace will be “intentionally designed for a hybrid-work model,” according to Simon’s announcement.
“As we build out our new office, our vision is to create a vibrant workplace where our employees go to collaborate, create and connect with others,” Novelis President and CEO Steve Fisher said.
“At One Phipps Plaza, we will have a workspace built purposefully for collaboration and hybrid working, and with a focus on environmental sustainability. We’re proud to be able to offer our employees the flexibility they desire along with an office experience they’ll enjoy.”
Also scheduled to open next year, the rest of the Phipps Plaza redevelopment includes food hall Citizens and athletic club Life Time, as well as a “state-of-the-art” conference space and under-construction Nobu Hotel.
Novelis was represented in its strategy and site selection by CBRE’s Ryan Hudson, Katelyn Fabian, and Kevin Carroll, while CBRE’s Jeff Keppen, Nicole Goldsmith, and Chris Port represented Simon in the lease transaction.