Key Milestone Reached for 2 Peachtree Street Redevelopment

The Invest Atlanta Board approved Two Peachtree Partners, LLC as the developers for the large-scale redevelopment of 2 Peachtree Street. With this approval, the firm will begin negotiating the terms of the project – a key milestone in what will become an innovative residential and mixed-use development downtown.

Invest Atlanta conducted a six-month competitive request for proposals process that evaluated respondents based on their ability to achieve the City's vision for the building, prioritizing development proposals that considered LEED and WELL-certified standards with more affordable units that integrate all income levels throughout the property in a cohesive way. Proposals that demonstrated an ability to provide opportunities for local female and minority businesses were also prioritized.

“Identifying Two Peachtree Partners, LLC as the developer is a major milestone in this project,” says Atlanta Mayor Andre Dickens. “The transformation of 2 Peachtree Street is potentially our most ambitious affordable housing undertaking, providing connectivity between housing units and transit while breathing new life into Downtown Atlanta."

2 Peachtree Street is an 890,000-square-foot, 44-story office tower adjacent to Woodruff Park and the Five Points MARTA station. The conversion is expected to create at least 200 new housing units and further Downtown's redevelopment along with other catalytic development projects such as Centennial Yards and the Stitch.

According to Dr. Eloisa Klementich, president and CEO of Invest Atlanta, 2 Peachtree was acquired two years ago with a vision to bring more residents and businesses to Downtown Atlanta. "What captivates me the most with the project is the commitment to equitable downtown revitalization, the promise of more affordable housing and the exciting potential for mixed-use spaces that will further the vibrancy of the area,” says Klementich. “2 Peachtree is poised to become a model of what transformative development can create for cities and their communities." 

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