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Peachtree Dunwoody Pavilion’s in-progress redevelopment now has a name — Altmore — and at least two additional phases, according to recently-inked marketing materials. At the center of Altmore is the new office tower 5775 Peachtree Dunwoody and a Hyatt House hotel, both of which are well under-construction and are part of Altmore’s first phase. Legacy Ventures broke ground on the nine-story, 186-key Hyatt House in January.
The mixed-use development focuses on the “densification” of the existing 20-acre office park — Peachtree Dunwoody Pavillion — with Phase I also bringing a new six-level structural precast parking deck with 700 spaces with a direct pedestrian connection to MARTA (Medical Center Station) as well as a 3,500-square-foot restaurant opportunity fronting Peachtree Dunwoody Road being marketed by The Shopping Center Group (TSCG). CBRE is handling office leasing.
Phase II will include a four-building restaurant village fronting Lake Hearn with four restaurants ranging from 2,500 square feet up to 8,000 square feet, according to the marketing materials, which are being used by TSCG to promote the project to prospective tenants. “The village will have a shared urban plaza and includes a new self-parked 250,000 square foot office building,” TSCG writes in the materials. “Similar to the restaurant fronting Peachtree Dunwoody Road, the village restaurants also feature rooftop decks.” The completion of Phase II is anticipated by the end of 2021.
Altmore will culminate in Phase III with the addition of a multifamily development boasting 335 units. There isn’t a timeline for this last phase spelled out in the marketing materials, and reps for TSCG on Thursday were not reacheable.
Other features of the redevelopment include a new interior road through the development with a multi-use trail alongside it to “create interconnectivity and a more walkable, [bikeable] environment.” The interior road will provide direct access to Peachtree Dunwoody Road and Lake Hearn Drive where a traffic signal will allow access to Peachtree Dunwoody Road both north and south.