Asana Adding 14-Story Office Tower To Brickworks In Joint Venture With Chicago Developer
Asana Partners is planning to add new construction to an adaptive reuse project it is pursuing on Atlanta's Westside.
The Charlotte-based developer, in partnership with Chicago-based Sterling Bay, is seeking to build a 14-story, 225K SF office tower on a vacant lot at the corner of West Marietta Street and Brady Avenue adjacent to its Brickworks adaptive reuse complex, according to a press release.
Asana and Sterling Bay's planned tower, dubbed 1050 Brickworks, would have extensive amenities including a fitness center, conference space, a lounge and bar, outdoor workspaces, a private terrace and a library, according to the release. The project will also have a 549-space parking deck, 14K SF of retail and 12K SF of amenity space. The Atlanta Business Chronicle first reported plans for the tower.
Asana bought the 194K SF Brickworks property in 2020 for nearly $60M, part of a string of adaptive reuse acquisitions in Metro Atlanta. The firm also bought the iconic Krog Street Market and Stove Works back in 2018. Currently, Asana is redeveloping some of its holdings within Krog Street Market, including two new office and retail buildings, the ABC reported.
Asana also is moving forward on transforming a former Coca-Cola bottling plant in the Old Fourth Ward into a creative office project. The developer is aiming to finish 1050 Brickworks by the first quarter of 2024, according to the ABC.
