LPC to Manage 400 KSF Atlanta Mixed-Use Project

The owner, a joint venture between Loudermilk Properties and The Hanover Co., broke ground on the development in early 2017.
881 Midtown

A joint venture between Loudermilk Properties and The Hanover Co. has selected Lincoln Property Co. to oversee leasing and management efforts for 881 Midtown, a mixed-use office, retail and multifamily development underway in Atlanta. The development broke ground in late 2016 and is slated for completion by December 2018.

“This property will offer a mix of office, retail and residential spaces in one of the most desirable parts of town,” said Michael Howell, senior vice president with LPC, in a prepared statement. “With a state-of-the-art design, a wide range of walkable amenities and prominent top-of-building signage available, 881 Midtown presents an excellent opportunity for any company looking to attract and retain top talent or solidify its presence in the heart of Midtown Atlanta.”

Boutique space in Midtown Atlanta

The project site encompasses 1.5 acres at 881 Peachtree St. N.E. in Atlanta’s Midtown submarket, four blocks east of Interstate 85. Upon completion, the 29-story development is planned to include 40,622 square feet of office and 12,673 square feet of retail or office space in the podium, with 342 luxury units on the upper floors.

LPC’s Howell, along with Hunter Henritze and Caroline Cole, will market the office space, spread across the first four floors. Floorplates vary between 12,673 and 13,587 square feet, and the rooftop of the podium includes an additional 6,977 square feet of leasable space. Parking will be available on-site for tenants at a ratio of three spaces per 1,000 square feet.

As the structure continues to rise, other mixed-use projects are moving forward in Midtown, including the first phase of MetLife’s 8.5-acre redevelopment project.

Image courtesy of Lincoln Property Co.