A global law firm with deep Atlanta roots will demand a large piece of Midtown Resuscitation Square, officials announced today.
The Developer North American Properties has negotiated with Jones Day to lease the total 500 story building, with the exception of a number of ground floor retail space.
The 135,600 square foot building is proposed for the 15th and Peachtree streets corner, in line with a small park with outdoor seating. (Some neighbors are hit by plans that want to park the park for the use of Colony Square.)
The law firm will take a total of 20,000 square feet – or all the office component in the building – with Jones Day lobby in the first floor, alongside future retail. The first building in the Atlanta spec office pipeline is to be fully leased before it falls on the ground, NAP officials noticed.
It is hoped that the site's work on the 500 Building will commence this summer, followed by a vertical construction in March and is due for completion in the summer of 2021. Jones Jones Day is expected to bring claimants and staff to Colony Square .
The company's existing offices (and signage at the top of the building) at nearby Park Place Park, are approximately three blocks north of Peachtree Street. This building was completed in 1999, against the Midtown Alliance.
Jones Day, which traces its history to Atlanta until the end of the 1800s, represents more than 2,500 lawyers in 43 offices on five continents.
The business' modernization work at Colony Square includes a large platform overlooking Peachtree Street and “floorplan more efficient than the offices of the past,” reads NAP's press release. Aldo LaFiandra, a partner in charge of Day Office Atlanta Day Office, known close to Piedmont Park, public transit, and significant use factors of the project for the relocation.
In the reconstructed Colony Square, the Atlanta mixed-use grandfather, who is twenty five years old, will have approximately 3,250 day workers on completion, including employees at the regional headquarters of the Whole Market.
Whole Foods signed the 87,500 sq ft building earlier this year.
Apart from the new slate of restaurants and the new component, shady Grove, the Colony Square is expected to open two IPIC luxury theaters and the Main food hall & Main-May next.
Jones Day is not the only law firm to make waves in Midtown recently.
At West Peachtree's 1105 project being built by Selig Enterprises, Smith, Gambrell & Russell, a prominent Atlanta law firm, leased onto four floors – more than 100,000 square feet – in the office tower component.
Meanwhile, the King and Spalding put a very visible signaling firm into this year, powered by 1,067 LED light, one of Midtown's most prominent skyscrapers, 1180 Peachtree.