Construction to Begin in 2022 on Lab and Office Space and 280 Residential Apartments
The Atlanta Business Unit of Trammell Crow Company (TCC), one of the nation’s largest commercial real estate developers and investors, and its residential subsidiary, High Street Residential (HSR), announced that it has been selected by Georgia Advanced Technology Ventures (GATV), a cooperative organization of Georgia Tech, as the developer of the remaining phases of Technology Enterprise Park (TEP). Together with their partners TCC and HSR plan to deliver a leading mixed-use, life science center for inclusive innovation. Construction is slated to begin Q1 2022.
“This project is an opportunity for our firm to develop deeper roots in the local Atlanta community, which will directly benefit from a significant grant by each of the planned five project phases to establish a sustainable education and training program at TEP for residents, students, and teachers in surrounding neighborhoods to expose them to careers in the biomedical and life sciences industry. We look forward to collaborating with GATV and community stakeholders during the next steps in the development process,” said Brandon Houston, Principal of TCC Atlanta.
TEP currently has two existing buildings that house research and lab space. TCC will begin the park’s long-term expansion with Phase 1, which will consist of two buildings that include 370,000 square feet of lab and office space and 280 residential apartments.
For more information about TEP, please visit www.technologyenterprisepark.gatech.edu/home.
About High Street Residential
High Street Residential, a wholly-owned operating subsidiary of Trammell Crow Company, specializes in the development of multifamily housing. We have a deep background in urban, infill mixed-use residential development, as well as the redevelopment or repurposing of existing facilities. In the last 15 years, the firm has completed over $1.5 billion in projects with a current pipeline of nearly 3,000 units.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired 2,800 buildings valued at nearly $70 billion and over 625 million square feet. As of September 30, 2021, TCC had $16.8 billion of projects in process and $9.6 billion in its pipeline. It employs more than 650 professionals in the United States and Europe.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 27 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial, healthcare, multi-family residential, through its operating subsidiary High Street Residential, and mixed-use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet the needs of its clients. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development and providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, and the world’s largest commercial real estate services and investment firm (in terms of 2020 revenue). For more information visit www.TrammellCrow.com.
