Key piece of property in SoNo district seeks developer

Just north of the former Peachtree-Pine homeless shelter,  a large piece of property is in searched of a developer in the area between Midtown and Downtown dubbed the SoNo district (that’s South of North Avenue).

Owner Drapac Capital Partners has hired JLL to market the more than an acre of land located at 505 Courtland Street at the corner of Renaissance Parkway.

According to a media statement on the site, the property, known known as Courtland / Renaissance, “represents a unique development opportunity in the rapidly redeveloping SoNo neighborhood. Due to the site’s location near the expanding Emory University Hospital Midtown and new Emory Proton Therapy Center, potential uses for the site could range from dense residential to medical office and hospitality options. ”

JLL’s Scott Cullen and Mark Lindenbaum, who lead the firm’s Land & Development Services platform, will oversee the marketing, developer selection and sales process. The JLL team has brokered other properties in the area including 693 Peachtree Street, now the site of the lilli Midtown apartments, and 760 Ralph McGill Boulevard, a forthcoming project from New City, LLC.

“We see this location as extremely strategic, given its walkability to MARTA, Emory University Hospital, and Midtown proper while also a safe bike or scooter ride to the Atlanta BeltLine’s Eastside Trail and downtown,” said JLL’s Mark Lindenbaum.

More information is available at CourtlandRenaissance.com.

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