Georgia Tech is getting set to commence development of the third and final phase of its Midtown Tech Square project, which has been in the works since 2020. This project will be developed on a block bordered by the West Peachtree Street and fifth streets in Midtown Atlanta, and it covers the development of academic, research and retail spaces, occupying about 402,000 Square feet in total.
Development plans for the third phase of this Midtown Tech Square project will include two twin towers, underground parking, and spaces for green landscape. One of the towers which is named The George tower, in honor of the philanthropists Bill George and his wife, will be home to the No. 1-ranked H. Milton Stewart School of Industrial and Systems Engineering. The second Scheller Tower will house the expansion of classrooms for the Georgia Tech Scheller, economic and business development programs.
Midtown Tech Square project to be executed as Phase IIIA and Phase IIIB
ThE Midtown Tech Square project is split into two phases, labeled as Phase IIIA and Phase IIIB. The University System of Georgia and Georgia Tech are currently in search of an architectural/engineering firm that can be hired to start work on Phase IIIA and provide all required design services.
Design and construction work for the building core and shell will be handled in Phase IIIA, and this phase of the project will concentrate on the first components of the building’s interior build-out, which is about 119,000 square feet of the total 402,000 square feet. For the Phase IIIB, the focus will be on the second component of the building’s interior build-out which comprises 255,000 square feet.
Construction costs for the Midtown Tech Square project are estimated at $116.7 and according to the Request for Qualifications(RFQ), the estimated base fee for the project’s design is about $7.4 million. The construction start date of the project is dependent on funding from State General Obligation Bonds, but the developers anticipate that the services of the selected design firm would begin by March 2022 and construction documents completed in May 2023.