Allen Morris On Real Estate

Star Metals in West Midtown lands $100 million construction loan

  |   Press, Uncategorized

A 14-story office building in West Midtown first unveiled three years ago has landed a $100 million construction loan.

 

Barings Real Estate and Bank of the Ozarks Inc. provided the financing for the project, Star Metals Offices.

 

Developer The Allen Morris Co. last year inked co-working provider Spaces to a 56,121-square-foot lease to help anchor the building. Spaces will occupy the 7th and 8th floors, or about 20 percent of the project.

 

The office building, designed by Chad Oppenheim of Oppenheim Architecture and Warner Summers Architecture firm, is slated for completion by the fall, 2020.

 

The offices are just one part of the $330 million overall redevelopment of West Midtown’s landmark Star Iron and Metal Co. The project at 1055 Howell Mill Road also includes a 409-unit apartment building.

 

For much of the past decade, the area has been transforming from a foodie and entertainment district into a place where people want to live and work. New projects along Howell Mill also include The Interlock and 8West, which both feature new office buildings.

 

By   – Commercial Real Estate Editor, Atlanta Business Chronicle
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