X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Terminus 200, the 25-story, 565,000-sf Buckhead office tower being developed by Cousins Properties Inc. and Prudential Real Estate Investors, has gained its first two restaurant tenants. III Forks steakhouse and gourmet Mexican restaurant Cantina Laredo are set to occupy 16,000 sf, almost all of the retail space available at the under-construction building set for completion in August 2009.

Both of Terminus’ new restaurants, owned by Dallas-based Consolidated Restaurant Operations Inc., are entering the Atlanta market for the first time. They are expected to attract potential office tenants to the new $172.5-million building by appealing to a user who wants a variety of different dining options on site, Matt Gove, senior vice president of Cousins, tells GlobeSt.com.

No office leases have been signed at the project yet and leasing rates for the building are not being released at this time, according to Cousins. Marcus & Millichap second-quarter reports claim the CBD/Midtown/Buckhead submarket enjoys the highest average retail rent in Atlanta at $22.20 per sf.

“The new restaurants add to the destination and the idea that Terminus is a place where you don’t have to leave if you don’t want to,” Gove says of the new additions to the 10-acre Terminus development. Currently the development has one complete building, Terminus 100, a 656,000-sf office tower with 60,000 sf of retail featuring restaurants AquaKnox, BrickTops, The Flying Biscuit Cafe, LOLA Bellini Bar and Chick-fil-A.

Five or six buildings are planned for the site, says Gove, with Terminus 200 and 10 Terminus Place, a 137-unit residence currently under construction. In total, the $700-million project is planned to include more than one million sf of office space, 125,000 sf of restaurant and retail space, and 800 residential for-sale units.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.