Third & Urban Moves Forward on Armour Yards
We caught up on some information on the anticipated Armour Yards development that Third & Urban is planning in conjunction with Morgan Stanley. Third & Urban's Pierce Lancaster (flanked by Colliers International's Tosh Wolfe and Brown Realty Advisors' Taylor Brown during last week's Future of Downtown event) says that 45k SF will deliver in February and an additional 100k SF this coming summer. Then by late 2016, Pierce says they hope to deliver an additional 100k SF of mixed-use loft office space.
Pierce, with JLL tapped as the leasing group, is seeing “almost exclusively 10k SF and larger” office prospects for the development. And it already has concrete interest from four unidentified tenants that could encompass 75k SF, he says. The developers have also filed permits with the City of Atlanta to start work on 255 Ottley Dr—right by SweetWater Brewery—that would be incorporated into the Armour Yards project, described as a “West Coast-style loft-office campus” that includes collaborative common areas, a coffeehouse, live music venue, restaurant, fitness studio and bike rentals/storage.