The three-story, 40,000-sf building will have a 120-space underground parking garage and adjacent private and public gardens. The garage will break ground this summer with an anticipated completion date of late 2002. Construction on the office building is expected to start in 2003 with a 2004 targeted completion date.

The entire project is still in the design stage and foundation officials could not give GlobeSt.com an estimated hard construction cost. But construction industry estimators who have worked on comparable Buckhead area projects tell GlobeSt.com on condition of anonymity that the planned class A office building can't be done today for under $150 per sf or roughly $6 million. The garage could be built for $10,000 per space or an estimated $1.2 million.

Locally based AMB Group is the joint developer on the entire project and will be the only other tenant in the foundation's building. AMB provides investment management and administrative support for the Blank family estate and the Blank Family Foundation.