This Week's Atlanta Deal Sheet: Modern Art Museum Moving To Goat Farm
The Museum of Contemporary Art of Georgia is developing a new location to display the works of Wayne Kline, Kojo Griffin, Ilia Varcev and Cedric Victor.
The museum has filed a permit to construct a nearly 24K SF facility at 1260 Foster St. in West Midtown. The two-story project would include art galleries, a workshop, a sculpture garden, an administrative space, a conference room and a rooftop terrace, according to the application.
The location, off 14th Street, is part of the Goat Farm Arts Center, an artists campus in what was a munitions factory and a set piece to the AMC show The Walking Dead, Atlanta Magazine reported.
The project will cost an estimated $9.5M, according to the application. The Museum raised $15.3M of the capital campaign's $16.4M goal, including $2M from Mayor Andre Dickens, according to its website.
"The new building will serve as a beacon for artists, students, educators, young people, senior citizens, and all residents who seek to amplify their voices through their creative practices," the museum said on its site. "In this era, we will stand alongside the premier cities of the world that showcase their artists’ best work in breathtaking facilities, urging us to reimagine what is achievable in architecture and design."
The staff of the museum didn't respond to Bisnow's request for comment.
DEVELOPMENT
The Georgia Tech Foundation has tapped Atlanta developer Parkside Partners and architectural firm Warner Summers to redevelop 70 Fourth St., a single-story, 3K SF office building in Tech Square, into a Georgia Tech Police security hub, according to an application filed with the city of Atlanta.
The project would expand the facility up to 50K SF, according to the application.
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South City Partners delivered Oslo, a 288-unit garden-style apartment complex in Fairburn that includes 4K SF of retail. McShane Construction Co. was the general contractor.
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Rass Associates is seeking to develop two 20-story apartment towers with up to 250 units each, two commercial buildings totaling 175K SF, and a 12-story hotel tower with 200K SF of office off Spring Road, according to an application filed with the state. The project will rise atop a 1,700-space parking deck and is across Cobb Parkway from Truist Park and The Battery Atlanta.
SALES
LRE Management purchased three apartment properties spanning 778 units for $102M, What Now Atlanta reported. Virginia-based Harbor Group International sold Eastwood Village in Stockbridge, Monterey Village in Jonesboro and Peachtree Landing in Fairburn, according to property records.
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Transwestern Investment Group purchased Building C of Interstate West, a 1.1M SF industrial facility near Savannah, from VanTrust Real Estate. The 2-year-old building at 77 Logistics Drive in Ellabell is fully leased to Webstaurant Store.
The price wasn't disclosed. JLL’s Britton Burdette, John Huguenard, Matt Wirth, Dennis Mitchell and Jim Freeman brokered the sale.
PERSONNEL
Kent Tagge joined Bull Realty, jumping into the industry as a retail property sales broker after owning and operating an automotive and marine detailing business in Metro Atlanta. Tagge is a graduate of High Point University.
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Cushman & Wakefield promoted Molly Millard to director of its Southeast capital markets team, the Atlanta Business Chronicle reported. Previously, Millard was leading the firm’s office tenant representation practice in Atlanta after joining Cushman & Wakefield in 2020.
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Jeff Heller and John Winter have joined Stream Realty Partners as managing directors, the ABC reported. Heller, alongside L.J. Wilhelmi and Kristen Stigler, departed JLL to join Stream, while Winter has been working at Cushman & Wakefield. The team will focus on representing office tenants.
