Allen Morris On Real Estate

Paces Properties & The Allen Morris Company announce partnership

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Collaboration will Bring Star Metals Atlanta Mixed-Use project to Atlanta’s West Midtown Neighborhood

Paces Properties is pleased to announce that they have joined in partnership with The Allen Morris Company, one of the largest diversified real estate firms in the Southeast, to develop Star Metals Atlanta an imaginative mixed-use development consisting of luxury multifamily residential, street-level retail, and Class A office space in Atlanta’s West Midtown neighborhood.

“We are very excited to join forces with Paces Properties to collaboratively deliver Star Metals, a truly unique and inspiring place to live, work and play,” said W. Allen Morris, Chairman and CEO of The Allen Morris Company. “As a company, we have a rich legacy in Atlanta and are thrilled to play a role in its continued evolution with the creation of a project, together with Paces Properties, that will celebrate West Midtown’s history and authenticity in a manner driven to cater to a modern, luxurious lifestyle.”

Located at 1050 & 1055 Howell Mill Road, blocks from the Westside Provisions District, Star Metals Atlanta is a $215 million mixed-use development and is the first joint venture between Paces Properties and The Allen Morris Company. Paces Properties will also be curating the selection and handling the leasing for the ground-floor restaurant and retail components.

“Paces Properties has been interested in pursuing a project in West Midtown for some time now. When The Allen Morris Company approached us about a partnership in Star Metals Atlanta, we immediately sensed a common mission and drive between our companies and the Star Metals Atlanta project simply speaks for itself,” added David Cochran, President and CEO of Paces Properties. “Our values are aligned and our knowledge of the Atlanta market is well-matched. We’re very pleased to announce our collaboration with The Allen Morris Company on such an inspiring and transformative project such as Star Metals Atlanta.”

Star Metals Atlanta is designed to reflect the historical composition and materials of the old rail yards West Midtown is known for, while incorporating modern luxury and contemporary amenities that will enhance the West Midtown community.

Star Metals Residences is the multi-family residential component and will feature 409 rental units, and will offer residents the ultimate urban lifestyle. Star Metals Residences captures the vibe of the neighborhood to deliver a truly unique and inspiring place to live, work and play. The expansive amenities will include a rooftop club room and a state-of-the-art rooftop amenity deck, theater, Bocce ball court, Yoga studio, poolside movies at night, community garden and greenhouse where residents can gather. The building will also include 16,500 square feet of ground-floor retail which will offer residents convenient restaurants and services.

The 14-story Star Metals Offices will offer approximately 185,000 square feet of Class A office space, 30,000 square feet streel-level retail with 22’ ceilings, ground-floor restaurants and creative food options, rich tenant amenities, collaboration work spaces and structured parking providing an above market parking ratio of 3.5 spaces per 1,000 square feet.

Star Metals Offices will provide unparalleled amenities including lushly landscaped outdoor terraces, a rooftop restaurant/bar and unobstructed panoramic views of Buckhead, Midtown and Downtown. Office tenants will also benefit from the numerous exciting retail and restaurant amenities within walking distance in the evolving West Midtown neighborhood.

 

About Paces Properties: Paces Properties is an evolving partnership originally founded in 1972. Paces specializes in the development, management and leasing of multifamily residential communities and specialty retail centers. The mission of the company, which has served to be a solid foundation through the real estate cycles of the last forty years, is: A commitment to creating distinctive, inspiring & well-crafted environments to live, work & shop. Paces is a well-capitalized company with a proven entrepreneurial spirit and excellent track record. Paces and its Principals have been involved in the development, management and construction of over 5,000 multifamily units and 250,000 square feet of retail, with the most recent project being the highly anticipated mixed use development that includes Krog Street Market and Stove Works. For more information about Paces Properties, please visit www.pacesproperties.com.

 

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 and multi-family residential development, leasing, property management, and brokerage. With offices in Miami, Coral Gables, Fort Lauderdale, Orlando, Jacksonville and Atlanta, The Allen Morris Company has served its business and investment clients for over 58 years. For more information, please visit www.allenmorris.com or follow us on Facebook at www.facebook.com/TheAllenMorrisCompany or on Twitter @allenmorrisco.

 

Media Contact: Tara Murphy | 360 Media Inc. | 404-577-8686 | tara@360media.net 
                                 Shannon Casey | Kreps DeMaria PR | 305-663-3543 | scasey@krepspr.com

 

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