Ground was broken this morning for Midtown Union, the massive mixed-use development that will include the global headquarters for Invesco. Members of the development team, including MetLife Investment Management, Granite Properties, Invesco, and other officials took part in the ceremony.
Invesco, the sixth-largest U.S. retail asset manager, has committed $70 million to expanding in Atlanta will add 500 jobs.
Designed by Cooper Carry, with Brasfield & Gorrie as the general contractor, Midtown Union will feature 606,000 square foot Class A, LEED-certified office building developed by Granite Properties and MetLife Investment Management. The 26-story tower offers a multi-level hospitality lobby and 12,000 square feet landscaped outdoor amenity deck on the 8th floor. The deck will connect to a fitness center, conference meeting facilities and a pre-function area to support multiple meetings.
There will also be a 355-unit apartment tower atop eight levels of parking developed by StreetLights Residential in partnership with MetLife Investment Management. The 18-story multifamily will offer studio, one, two and three-bedroom homes and amenities such as concierge service, coffee bar, conference lab, co-working space, resident storage, pet spa, fitness center, club room and an outdoor amenity deck with pool, seating and grilling stations.
A 205-room boutique hotel will be developed by Stormont Hospitality Group and the Allen Morris Company in partnership with MetLife Investment Management. The 12-story hotel offers 5,000 square feet of meeting space, a chef-driven restaurant, and a bar facing Arts Center Way.
There will also be an extension of Arts Center Way creating a new pedestrian-friendly retail destination offering 30,000 square foot of shops, restaurants and green space, while a 635,000 square foot parking deck providing 1,909 parking spaces.
The project is expected to be complete by late 2022.