One of the last undeveloped parcels in the Buckhead Financial District is destined to become the site of a 3 acre, 44 story high rise. TIER REIT of Dallas has paired up with Regent Partners and Baston-Cook Development Company to develop 3354 Peachtree Road. The building will house approximately 560,000 square feet of Class A office space, around 60 luxury condominiums, and a separate tower at 3356 Peachtree Road with 300 luxury multi-family units.
In the past decade only one Class A office tower has been built in the area, and the developers feel the site and plans are bound to be a success. “This is a critically important site for Buckhead, and with TIER we have an excellent opportunity to create an iconic mixed-use tower in the South’s most dynamic submarket,” said David Allman, Chairman of Regent Partners in a press release on March 4.
The development is expected to get underway in the fourth quarter of this year and to be completed sometime in 2022. The massive speculative development will cost around $400 million to complete and the developers hope to capitalize on the site’s proximity to GA-400, Path 400, MARTA, and its Peachtree Road address to entice young professionals and companies who value the walkability of the area. Designed by architect Smallwood, Reynolds, Stewart, Stewart, the building will be crafted to complement a proposed park over GA-400 spearheaded by the Buckhead Community Improvement District.