Atlanta, GA
Atlanta's Georgia-Pacific tower to be transformed into mixed-used development
Georgia-Pacific tower could soon be converted
It’s one of the iconic office buildings of the Atlanta skyline and pretty soon it could open up for people to live there. Georgia-Pacific says it’ll re-purpose its tower on Peachtree Street into residential units.
ATLANTA – One of the iconic office buildings of the Atlanta skyline could open its doors as a place for people to live. Georgia-Pacific says it’ll repurpose its tower on Peachtree Street into residential units. It’s one of the latest efforts to redevelop downtown Atlanta.
That intrigues people who live and work downtown. “I think it’s a good idea,” said Atlanta resident, Charles Ford. “It would be great to bring residential space back to the Peachtree corridor.”
The 51-story skyscraper houses the paper giant. The company would convert its upper floors into 400 apartments and retrofit the lower floors into 125,000 square feet of restaurant, retail and entertainment space. Georgia-Pacific would retain about 600,000 square feet of office space.
“We need to bring more activity back to the downtown district,” Ford said, adding the proposal could help inject new life into a dormant downtown. “Adding commercial space, adding more bodies, adding more mobility to this area would be more beneficial to the greater community.”
“It’s a great space, great location, walking distance from not only Piedmont Park, but downtown, Five Points,” said Calvin Newell, who lives downtown. “There need to be more apartment buildings; there need to be more commercial buildings.”
The 697-foot building stands in Atlanta City Council member Amir Farokhi’s District 2.
“That mixed use will serve the center city well,” Farokhi said. “Any major metropolitan needs a vibrant downtown.”
It’s one of the latest projects aimed at revitalizing downtown Atlanta. Developers launched a $5-billion plan to revamp the gulch. Another group is converting the old CNN Center into an office and retail complex. “All these projects going along at the same time is great news for downtown Atlanta,” Farokhi said.
Farokhi says the Georgia-Pacific proposal could be a catalyst for economic growth. “It’s one of our marquee buildings, and it’s going to be great for Peachtree Street and downtown,” Farokhi said.
Georgia-Pacific was unavailable to speak on camera. A spokesperson says it isn’t clear yet how much the development would cost, how it would be financed or how much, if any, would be dedicated to affordable housing.
Mayor Andre Dickens put out a statement, saying the project could bring “new life” to downtown.
Sen. Raphael Warnock and Atlanta Mayor Andre Dickens celebrated the 21st Century Road to Housing Act on Monday. The new law aims to make housing construction easier and to prevent corporations from buying large amounts of single-family homes.
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The Atlanta Hawks are now 3-0 in Las Vegas.
Despite being down some of their most talented players, such as Kingston Flemings,Asa Newell, and Zuby Ejiofor, the Hawks notched another win in Summer League, this time taking down the Boston Celtics. Overall, it was the Hawks 5th straight win in Summer League.
What are the biggest takeaways from today’s game?
1. Kobe Johnson Continues to Impress
Kobe Johnson has been impressive all Summer long and is making his case to be the last two-way contract for the Hawks. Atlanta already has Keshon Gilbert and RayJ Dennis in two of the two-way spots for next season and are looking for a third player who they can continue to develop.
With the Hawks being very shorthanded today against the Celtics, Johnson stepped up and played very well. In 13 first half minutes, Johnson scored 19 points on 7-10 shooting and 3-4 from three-point range, which is the most encouraging part of his performance. He continued that into the second half and was arguably the best player on the floor today for the Hawks.
Johnson finished today’s game with 30 points, seven rebounds, and four assists.
Johnson has high-level defensive skills, but he has shown offensive growth over the course of the past week and he is making a real case to be a part of the roster as a two-way player.
2. Henri Veesaar takes advantage of his opportunity
With so many bigs out today, it was going to be the Henri Veesaar show for Atlanta.
He did not disappoint. Veesaar was able to score 20 points on 7-12 shooting (4-6 from three), as well as pulling in four rebounds, and three assists.
As a scorer, Veesaar was at his best today, stretching the floor and scoring the ball off the pick and roll. He showed why the Hawks moved up to take him in the second round of the draft and if he can continue this development into the season, perhaps he can be closer to playing than initially thought.
3. Hawks win short-handed
Atlanta has one of the most talented rosters in Vegas this summer and despite missing their two first round picks from this year’s draft (Flemings and Ejiofor) and their first round pick from last year’s draft (Newell), Atlanta did not have much of a problem today with Boston.
The Celtics were missing a couple of important players today as well, but the Hawks had no trouble in this game, nearly leading by 30 points in the second half. The three-point shooting was strong, the defense forced turnovers, and they kept the Celtics cool from three.
It was an impressive all-around victory for the Hawks and one of their better victories from start to finish.
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