555 Courtland offers a rare opportunity to acquire approximately 1.5 acres of strategically located Atlanta real estate with approximately 689,000 SF of development potential and existing interim income. Located at the Downtown/Midtown interface near Emory University Hospital Midtown, the property combines substantial redevelopment potential with an existing income-producing medical facility. This combination provides a purchaser the opportunity to acquire and control the site today, receive interim
income, undertake planning and predevelopment, and position the property for redevelopment as capital-market and construction conditions improve. Existing development concepts contemplate substantial vertical development and demonstrate the scale of development evaluated for the property. However, the opportunity is not limited to execution of the existing two-tower concept or to a predetermined first-phase size. A purchaser can evaluate the optimum development program, configuration and phasing based upon market conditions, financing, applicable entitlements and governmental requirements. The approximately 689,000 SF of total development potential provides flexibility for a variety of development strategies. Depending upon purchaser objectives and applicable approvals, potential alternatives may include
multifamily, mixed-use, hotel, medical/institutional, student-oriented housing, phased development or combinations of uses.
Unlike vacant development land, the property currently benefits from an operating medical facility providing interim income during the holding and planning period. For a developer or investor taking a longer-term view of Atlanta, 555 Courtland provides the opportunity to secure a difficult-to-replace redevelopment site during the current development and financing cycle and prepare the property for redevelopment as market conditions strengthen.
DEVELOPMENT STRATEGY
ACQUIRE NOW. PLAN DURING THE DOWN-CYCLE. DEVELOP INTO THE NEXT CYCLE.
Detailed development concepts, entitlement information, lease information and other due-diligence materials are available to qualified prospective purchasers. Seller will consider reasonable proposals and transaction structures from qualified purchasers.
+/- 1.5 ACRES | +/- 689,000 SF DEVELOPMENT POTENTIAL