Real Estate Briefs

Author: Atlanta Intown

The owners of Peachtree Center in Downtown won’t confirm several social media postings that it plans to convert one of its office towers into residential. A Linked In post by real estate agent Tim Wright with Avison Young said the 27-story South Tower of Peachtree Center would be converted to 340 residential units by 2023. Whether the residential will be condos or apartments is unclear. However, Taylor White, the principal, senior managing director and chief investment officer with Peachtree Center’s owner, Banyan Street Capital, would not confirm or deny the project in a statement emailed to Atlanta Intown. “We are big believers in the future of Downtown Atlanta and have made significant investments at and around Peachtree Center, such as our Ascent Peachtree project. While we are excited about the possibilities for this tower, it’s too premature to share specific plans at this time.”

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