Developer Sterling Interest LLC, with application assistance by Josh Reynolds of Kimley-Horn, is moving forward in developing a 1.25-acre site in West Midtown according to civil construction drawings and land disturbance permit application documents filed with the City last month.
In April, as reported by What Now Atlanta, the Chicago-based company will redevelop the property at 1050 Marietta Street NW from a single-story, partially occupied 30,000 square foot building into a mixed-use project located at the southeast intersection of West Marietta, Marietta, and 8th Streets.
According to plans submitted to the City, the project would hold seventeen stories, 202,909 square feet of office space, and 18,873 square feet of ground-floor commercial or retail.
The first phase of the development includes the site preparation, which consists of constructing a 570-space parking deck with one level of below-grade parking, stormwater conveyance through an on-site cistern/rainwater reuse, and all related utility work. According to documents submitted by the applicant, the estimated site work value is $1,600,000.
The Chicago-based company obtained rezoning approvals from the City in 2021 on the properties located at 1026, 1050, and 1060 Marietta St. NW to MRC-3 (Marietta Street Artery Overlay) to move forward with the construction of a multi-story mixed-use building.
The submitted plans anticipate the demolition of existing buildings, clearing, and site grading will begin in March 2022. Building construction is expected to start mid-Summer 2022.
One Response
Tough news for anyone who bought on the east corner of 788 West condo buildings over last 24 months.