Construction is officially underway on Midtown Union, a huge mixed-use development on 8.5 acres at Spring and 17th streets and the future headquarters of Invesco. An official groundbreaking ceremony is scheduled for Dec. 9.
Developed by Granite Properties with the financial backing of MetLife Investment Management, the project will encompass nearly a full city block in the heart of Midtown. The development will feature a 26-story, 606,000 square foot Class A office building; an 18-story, 355-unit residential tower atop eight levels of parking; a 12-story, 205 room boutique hotel; 30,000 square feet of retail; and, a 635,000 square foot parking deck providing 1,909 parking spaces.
Midtown Union will also create a pedestrian-friendly extension of Arts Center Way. This tree-lined passage will have shops, restaurants, public art and seating options between Spring and West Peachtree Streets.
StreetLights Residential will develop the multifamily tower offering 355 units featuring studio, one, two and three-bedroom homes, while Stormont Hospitality Group and The Allen Morris Company, in partnership with MetLife Investment Management, will develop the 205-room hotel.
Invesco’s headquarters will anchor the office building and lease 300,000 square feet.