Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Locally based developer Shailendra Group LLC says it has started the design phase for its 1400 Peachtree mixed-use project at the northern end of Midtown. Shailendra is working with Jamestown Properties, a local real estate investment and management company, on the massive project at the intersection of Peachtree and 17th Streets.

Skidmore Owings & Merrill LLP has been retained as the project’s architect, with the design phase expected to take up to 16 months. The developers also have a long-term agreement with InterContinental Hotels Group to brand and manage the hotel and multifamily components of 1400 Peachtree.

The hotel is the latest addition to plans for 1400 Peachtree, which has been in the works over the last two years. Shailendra and Jamestown purchased 1.7 acres to start the project in October 2006, after which Shailendra bought another 1.3 acres nearby from the Atlanta Ballet for a reported $12 million in July 2007. Shailendra says the site is zoned for density of approximately one million sf, with other elements including office and retail space.

“With this team in place, we plan to raise the bar on both design and function to attract office users, hotel guests, retailers and residents seeking superior quality and value,” John Robbins, Shailendra senior vice president, stated in a release. The company owns or controls nearly 9,000 acres in the Atlanta area as well as Tampa and Panama City, FL.

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?


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.