Construction has begun on the new transit-oriented 16-story officer tower next to the Dunwoody MARTA station named Twelve24 for its address on Hammond Drive. The office tower will include 335,000 square feet of Class A office space and 11,000 square feet of ground floor retail and restaurants.
Tenant occupancy is expected to be available in early 2020, according to a press release from developer Trammell Crow Company. National staffing company Insight Global Insight has already announced plans to relocate from its current headquarters building at the Ashford Green building at 4170 Ashford-Dunwoody Road in Brookhaven to the Dunwoody office tower.
The Twelve24 building is a development project of Trammell Crow Company and a joint venture partner advised by CBRE Global Investors, according to the press release.
“Given the transit-oriented, mixed-use environment neighboring a combination of restaurants, retail, office and hospitality businesses, Twelve24 creates an exceptional work space atmosphere in a location where tenants can connect, innovate and advance their businesses,” said Brandon Houston, principal with Trammell Crow’s Atlanta Business Unit, in the release.
The 3.94-acre site is located on an unused portion of the Perimeter Mall parking lot purchased from the mall’s owner, General Growth Properties. Trammell Crow also purchased the west parking deck once used by the Dunwoody MARTA station. MARTA had been leasing it from General Growth Properties but said it was never fully utilized.
It is also located across the street from the massive State Farm regional head
The development team is seeking LEED Certification. Trammell Crow is also working with Concord Hospitality Enterprises to develop a 9-story, 177-room Hyatt Place hotel directly connected to Twelve24. Hotel guests and Twelve24 tenants will share the elevated outdoor terrace level between the two buildings. The hotel is expected to open in mid-2020.
Duda Paine Architects is the design architect, and Wakefield Beasley & Associates is the architect of record. Brasfield & Gorrie is the project general contractor.
For more information, visit https://1224hammond.com.
Update: Trammell Crow will spend about $140 million constructing the building. The total tax abatement from the Dunwoody Development Authority is $9.4 million over 13 years.