Downtown Atlanta’s 52-story Georgia-Pacific headquarters will be transformed into a mixed-use development, including 400 apartments.
According to a press release, the pulp and paper manufacturer said less than half of the 1.3 million square feet in the distinctive stair-stepped tower will be retained as office space.
Along with apartments on the top floors, the building at 133 Peachtree Street will also be revamped to include retail, restaurants and entertainment space. A new central plaza with space for additional space for development is also part of the project.
“The office landscape has changed,” Georgia-Pacific CEO Christian Fischer said in a press release. “And we recognize that the adaptive reuse of our site and office tower can create greater long-term value.”
“This transformative redevelopment is a significant step in moving Atlanta forward, turning an important block in the heart of the city into a vibrant and welcoming destination that breathes new life into downtown,” Mayor Andre Dickens said in the press release.
Clad in pink granite, the tower originally opened in 1982 and is now the city’s 6th tallest building. It sits on the site of Loew’s Grand Theatre, famed for hosting the premiere of “Gone With the Wind” in 1939 which was destroyed by fire in 1978.
