ATLANTA (Sept. 26, 2017) – North American Properties invites the community to celebrate the groundbreaking of the reimagined Colony Square on Oct. 10 from 3 to 5 p.m. The phased redevelopment will transform the iconic mixed-use community at the heart of Midtown Atlanta into an urban entertainment and dining destination infused with art, cultural experiences, events and street-level energy.
Starting at 3 p.m., the community is invited to enjoy food inspired by local chefs, including fare from Sukoshi and Donetto by restaurateur and chef-curator of Colony Square’s food hall Steve Palmer; cocktails by Sunshine Alchemy and mixologists from Establishment; music and entertainment by Mia Green Band; and speeches by Mayor Kasim Reed, president and CEO of Midtown Alliance Kevin Green, managing partner at North American Properties Mark Toro, partner and vice president of development at North American Properties John Kelley, and managing partner of Indigo Road Hospitality Group Steve Palmer. The groundbreaking event will also include the demolition of building 500 (yes, there will be a wrecking ball!). Additionally, virtual reality will be available for guests to virtually walk through and experience the reimagined Colony Square.
“This is a meaningful moment for our city,” said Kevin Green, president and CEO of Midtown Alliance. “This day begins Colony Square’s physical transformation into a central gathering place for our community - a true destination, rich with experiences, energy, events and entertainment. This has been a long time coming, and we are excited to celebrate with the community as we all watch this landmark project unfold.”
Today, Colony Square has 163,000 square feet of dated retail space and 720,000 square feet of office space. In addition to enhanced restaurant and retail space, the redevelopment will add 172,000 square feet of new office space. Upon completion, Colony Square will encompass more than 40,000 square feet of open community gathering places, 160,000 square feet of entertainment, retail and fitness concepts, chef-driven restaurants, including Main & Main, the 28,000-square-foot experiential food hall, and 875,000 square feet of office space.
The first phase, opening July 4, 2018, the 50th anniversary of Colony Square’s original groundbreaking, will include street-level restaurants and retail wrapping the 100 building. The second phase, opening March 14, 2019, will feature street-level restaurants wrapping the 400 building. The third phase, opening Nov. 21, 2019, will include a luxury movie theater, Main & Main, modern office space and a curated collection of fitness concepts.
“After months of gathering community feedback, researching best-in-class urban design, entertainment and restaurant concepts and carefully curating every detail, we are thrilled to celebrate this historic milestone at Colony Square,” said Toro. “We thank the community for its active engagement and enthusiasm, and we look forward to bringing our shared vision to life.”
Cushman & Wakefield handles office leasing for Colony Square. Hoar Construction is the general contractor. Atlanta-based Lord Aeck Sargent is the architect of record and New York City-based Beyer Blinder Belle is the lead design firm. Site Solutions is the landscape and hardscape architect. Kimley-Horn is the civil engineer.
About Colony Square:
At the corner of Peachtree and 14th Streets, Colony Square is not only the heart of Midtown, it’s the heart of Atlanta – an original icon at the very center of the ever-rising capital of the modern South. Today, Colony Square is becoming an icon of another kind, bringing the Art of Modern Life to Midtown. Featuring 875,000 square feet of office space, 160,000 square feet of retail space, a 467-room hotel and 262 luxury residences, the reimagined Colony Square will be known as a foodie haven; shopping destination; sophisticated business hub; events destination; and an amenity-rich, arts-infused place to gather with community and soak up Midtown’s vibe. Open, walkable and transit-friendly, the reimagined Colony Square, like all great city squares, will be seamlessly connected to the vibrant energy of the streets around it.
About North American Properties:
Founded in 1954, North American Properties is a privately held, multi-regional real estate operating and development company that has acquired, developed and managed more than $5 billion of mixed-use, retail, multifamily and office properties across the United States. Rooted in its purpose-driven approach to development, North American Properties believes in creating great places that connect people to each other; cities to their souls; partners to opportunities; and individuals to experiences that move them. Headquartered in Cincinnati, with offices in Atlanta, Dallas and Fort Myers, Florida, the company has developed 22 million square feet of commercial space and 19,000 residential units in 15 states and 67 cities. In the past three years, North American Properties has launched 36 projects totaling $1.1 billion in total capitalization. In metro Atlanta, North American Properties led the turnaround of Atlantic Station and the ground up development of Avalon, and is currently reimagining Colony Square. For more information, please visit naproperties.com and follow North American Properties - Atlanta on Twitter @NAPatl.