Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Construction has started on Terminus 200, the 565,000-sf office building that is part of a $660-million mixed-use project at the intersection of Peachtree and Piedmont Roads in Buckhead. The 25-story project, being undertaken by locally based Cousins Properties, is expected to be completed in mid-2009.

“We started construction based on the leasing success of Terminus 100 and also the amount of leasing demand we anticipate when Terminus 200 opens,” a Cousins Properties spokesman tells GlobeSt.com. “Buckhead is a market that companies tend to stay in so it’s easy to predict what the demand will be based on lease rollovers.”

He adds leasing efforts for Terminus 200 have started, but no signed leases are yet in place. The first building constructed as part of the Terminus project was Terminus 100, a 27-story, 656,000-sf office building which opened April 1. Signed tenants at Terminus 100 include Bain & Co., Citigroup, CB Richard Ellis, Wachovia, Cumulus Media, Synovus, Atlantic Capital Bancshares, Wilmington Trust Corp., UBS and Premiere Global Services. The building is currently 83% leased with 90% of the space committed.

Construction began on April 20 of 10 Terminus, a 32-story, 142-unit condominium building. Future planned phases of Terminus include two 40-story condominium buildings. Preliminary marketing efforts for 10 Terminus have started with 22 units under contract. A start date for the future phases of Terminus has not yet been determined, the spokesman adds.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.