Tishman Speyer Unveils Three Alliance

Tishman Speyer has parted the curtain on the third Alliance Center tower. And it's all glass. (It doubles as a full length mirror for Godzilla.)

We gotta give credit where credit's due, and Curbed Atlanta brought to our attention that Tishman Speyer has released images of its proposed Three Alliance Center on its website. It's a 500k SF Buckhead office tower that “will feature Atlanta's first faceted glass curtain wall system offering panoramic views of Buckhead and neighboring submarkets,” according to the website. (So if you're in Buckhead, don't do anything you wouldn't want people to see.)

Tishman's experience with Alliance Center has been a study of Atlanta's real estate highs and lows. It sold Two Alliance Center in 2012 for more than $150M to Highwoods Properties, one of the highest prices paid for Atlanta office. But it faced problems with its loan on One Alliance and eventually sent the $165M loan back to special servicer Orix Capital last year. Tishman's marketing of the new tower comes at a time when the slew of new office buildings in Buckhead from the early 2000's are pretty much leased up, and even Buckhead's stock of Class-B properties has tightened.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Emory Takes Over Proton Center For $82M: The Atlanta Deal Sheet

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

Dewberry's Midtown Eyesore Quietly Resolves $75M Mortgage

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines