Allen Morris concludes acquisition in Atlanta’s West Midtown for construction of Star Metals Offices
The Allen Morris Company, one of the largest diversified real estate firms in the Southeast, with a 47-year presence and legacy in Atlanta, has closed on a 1.7 acre parcel of land in Atlanta’s West Midtown, at 1041 Howell Mill Road.
The $8.5 million acquisition will be home to Star Metals Offices, a 14-story, 222,000 square foot class ‘A’ tower with office space and ground floor retail, which will serve as the commercial component of the overall Star Metals Atlanta development, additionally comprised of 409 luxury multi-family units across the street. This latest acquisition of 1.7 acres adds to the total site of 4.75 acres for Star Metals Atlanta.
The company expects to begin demolition of the site later this year, with an anticipated completion of the office tower in the spring of 2020.
Leasing for Star Metals Offices is managed by the Atlanta office of Jones Lang LaSalle (JLL), headed by Jeff Bellamy, Managing Director.
“We are very pleased to be taking another major step forward in the development of Star Metals Atlanta,” said W. Allen Morris, Chairman and CEO of The Allen Morris Company. “We are confident that this will be a truly innovative and transformative development for Atlanta and for West Midtown.”
Star Metals Offices will offer approximately 185,000 rentable square feet of Class A LEED certified office space, 30,000 square feet of high ceiling retail on the ground floor and a 7,000 square foot roof top restaurant / bar, providing the ideal mix of food, beverage, entertainment and exercise options for tenants, Platinum Wired Certification, four levels of parking, along with an array of tenant amenities and an above market parking ratio of 3.5 spaces per 1,000 square feet. The office amenities will include lushly landscaped outdoor terraces, multiple tenant collaboration areas, and bike rack/ shower facilities. The roof top restaurant / bar will provide a unique ‘glass house’ rooftop amenity with panoramic views of Buckhead, Midtown and Downtown.
Star Metals Offices caters to innovative professionals and tech-savvy companies seeking a superior workplace to recruit and retain Atlanta’s most talented and competitive workforce. Set in the epicenter of West Midtown’s trendy neighborhood, Star Metals affords its residents and tenants the accessibility to indulge in modern living and work spaces, just footsteps away from Atlanta’s vibrant restaurant scene, high-end shops and everyday conveniences.
About The Allen Morris Company:
The Allen Morris Company is one of the largest real estate firms in the Southeast U.S. specializing in commercial, multi-family residential and mixed-use developments, leasing and brokerage as well as property management. With offices in Miami, Coral Gables, Fort Lauderdale, Orlando, Jacksonville and Atlanta, The Allen Morris Company has served its business and investment clients for 60 years. For more information, please visit http://www.allenmorris.com or follow us on Facebook at www.facebook.com/TheAllenMorrisCompany or on Twitter @allenmorrisco.