The popularity of loft-office projects is spreading to the Atlanta suburbs.
Atlanta developer Parkside Partners is converting four older low-rise office buildings in Technology Park, the business park in Peachtree Corners that’s been home to suburban tech, manufacturing and distribution companies for decades.
Parkside Partners will convert 125,000 square feet of office and warehouse space built in 1972. It was formerly used by Honeywell International Inc.
The buildings are located at 125 Technology Parkway.
The project will feature 90,000 to 100,000 square feet of creative loft office space, with exposed brick, high ceilings and a 1-acre amenity park called The Quad. It will also have access to the Peachtree Corners Tech Park Trail, an 11.5-mile multi-use trail linking Tech Park to the city’s new retail and housing development. The 8-acre project is called Bureau.
Parkside Partners is already known for its loft office conversions across Atlanta. In the city, the projects offer tenants alternatives to standard glass office towers, which dot the skyline from Buckhead to downtown.
The projects are relatively new to the suburbs, but could give tenants in cities such as Peachtree Corners, Roswell and Alpharetta similar intown loft-office features at a more affordable price. Suburban office tenants may also like the idea of keeping their workplace outside the city so that their employees can avoid the long commute intown.
It will also be interesting to see if loft-offices catch on in suburban cities that are filling their downtowns with new housing, restaurants and bars and linking those amenities to trails. If so, the projects may create new competition for landlords of aging low-and-mid-rise buildings that remain tucked away in traditional suburban office parks.
Parkside Partners is converting four office buildings in Technology Park, the business park in Peachtree Corners that’s been home to suburban tech, manufacturing and distribution companies for decades.