- Miami-based developer Related Group has awarded Balfour Beatty Construction the contract to build a luxury, 39-story mixed-use tower in Midtown Atlanta, Balfour Beatty announced in a press release.
- The new high-rise will include a pool terrace, fire pit terrace, 6,500 square feet of retail space and 390 luxury residential units, all with access to business, shopping and entertainment districts nearby, including a Whole Foods Market complex that will anchor the development, according to the Atlanta Business Journal.
- Balfour Beatty said it would build the structure — which will be the tallest residential tower built in Atlanta since 2009 — with an emphasis on efficiency by utilizing Lean building methods, offsite construction to speed up the schedule and building information modeling (BIM) to maximize coordination between the trades.
This is the first Atlanta project for Related, but the developer has a major presence in other major cities such as New York — where it is one of the companies behind the massive Hudson Yards project — and Chicago, where it recently signed a deal to build 62 acres to build a multibillion dollar mixed-use development.
Atlanta has several major construction projects currently underway. Construction is reportedly 50%-60% complete on the $1.4 billion, 75,000-seat Mercedes-Benz stadium for the Atlanta Falcons, and team officials said the "camera lens-style" retractable roof, which is being manufactured in pieces in plants all around the country, will be ready for the opening of the 2017-2018 NFL season. The stadium is expected to be the only LEED Platinum-certified sports facility in the U.S.
In addition, Hartsfield-Jackson Atlanta International Airport officials announced in March that they would begin construction on a $393 million terminal and a $943 million runway, expected to be complete by 2018 and 2034 respectively. The two projects are part of a $6 billion, 20-year renovation project at the airport, which is the busiest in the world, with 101.5 million passengers in 2015.
Another recently announced Atlanta project — which is a little out of the ordinary — is a "19th century-style" amusement park planned for the rooftop of a 100-year-old, 2-million-square-foot former Sears distribution center. Skyline Park is the most recent development along Atlanta’s historic 22-mile railroad corridor that developers say will one day include parks, trails and transit all along a former railway that circles the city.