Georgia Tech’s goal of creating an 18-acre “inclusive innovation” district near campus has taken a significant step forward.
In a move that will continue the westward push of new multifamily residential ventures into places like Bankhead and the Marietta Street corridor, Georgia Advanced Technology Ventures—a cooperative organization of Georgia Tech—has picked its developer for the remaining phases of Technology Enterprise Park.
Spanning 18 acres, the tech park is located where North Avenue meets Northside Drive, just southwest of the institute’s main campus. Neighbors include Georgia Tech's North Avenue Research Area, MetLife’s Northyard’s office park, and what used to be Herndon Homes public housing.
As is, Technology Enterprise Park has two buildings with research and lab space. For remaining phases, Georgia Tech has picked Trammell Crow Company, among the country’s largest commercial real estate developers and investors, and its subsidiary, High Street Residential, to lead development, according to a recent announcement.
Trammell Crow’s phase one expansion will include 280 apartments and two more buildings with offices and lab space, totaling 370,000 square feet.
Construction is scheduled to begin in the first quarter of 2022.
Five new phases are in the works overall, with a goal of creating “a leading mixed-use, life science center for inclusive innovation,” per Trammell Crow reps.
Grant funding will help establish training and education programs at Technology Enterprise Park for “residents, students, and teachers in surrounding neighborhoods to expose them to careers in the biomedical and life sciences industry,” Brandon Houston, Trammell Crow’s Atlanta principal, said in a prepared statement.
The past year has seen a variety of redevelopment in blocks surrounding Technology Enterprise Park.
To the site’s immediate south, Atlanta Housing is redeveloping the former Herndon Homes property into a 12-acre mixed-use venture called Herndon Square.
So far, that mixed-income community has completed a mid-rise building for seniors, with more in planning, according to developer Hunt.
Meanwhile, a couple of blocks west, the 1.7-mile Westside BeltLine Connector officially opened last month. The PATH Foundation and Atlanta BeltLine collaboration serves as a multiuse trail link between downtown and the area around forthcoming Westside Park.
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