KDC Underway on Phase II of Park Center Office Campus in Central Perimeter
Park Center is the largest ground-up corporate office project in metro Atlanta’s history. In early 2017, KDC broke ground on Park Center Phase II, which consists of two office towers totaling 1.1 million square feet, including approximately 40,000 square feet of retail space. The office towers will be leased by State Farm, which also leased the 21-story office tower in Phase I.
Phase II of Park Center started with the implosion of the existing 240,000-square-foot, 10-story Hammond Exchange building on March 4, 2017. The remainder of 2017 was spent removing the debris from the implosion, blasting and removing over 300,000 cubic yards of rock, site grading, relocation and placement of utilities, and installation of tower cranes. In addition, construction started on the parking structure and building pad for Building 2. Several large culverts were constructed for a new road that will connect Perimeter Parkway in Dunwoody to Peachtree Dunwoody Road in Sandy Springs.
Today, seven of the 11 parking levels of Building 2 have been poured, including the lobby level and vehicular-pedestrian plaza in front of it. Completion of the 660,000-square-foot, 22-story Building 2 is slated for the end of 2019.
Work is also taking place on Building 3, including the installation of the detention vault, electrical generators, utilities and foundations. Preparations are in place to pour the slab with the goal of going vertical on the parking structure and office tower in the second quarter. The 440,000-square-foot, 19-story Building 3 is slated for completion at the end of 2020.
State Farm will lease all of the office space in both Phase II towers and eventually bring approximately 8,500 employees to the overall Park Center project. A fourth building pad for Phase III is programmed and entitled for approximately 500,000 square feet of office space.
The 17-acre Park Center is designed with the theme of connectivity. A pedestrian bridge over Perimeter Center Parkway will connect the Phase II towers to the Phase I tower and the Dunwoody MARTA station. Plans also include linking a multi-use trail to the future East-West connector with street-front retail.
Once completed, Park Center will include up to 2.4 million square of office space and 70,000 square feet of retail, restaurant and entertainment tenants. KDC is targeting LEED Gold certification for the project.
— By Alex Chambers, Regional Vice President of KDC. This article was originally published in the May 2018 issue of Southeast Real Estate Business.