Star Metals will create thousands of temporary and permanent jobs, while expanding Atlanta’s tax base
ATLANTA –The Allen Morris Company, one of the largest diversified real estate firms in the southeast, today announced it has obtained approval from the Development Authority of Fulton County for “Title for Bond” tax incentive bond validation for $330MM of new development in West Midtown for Star Metals Atlanta.
The $330 million Star Metals Atlanta project is anticipated to create 1,945 permanent full time and approximately 3,000 construction jobs, committed to supporting Fulton County’s Development. It will also expand the city’s tax base and channel more than $92 million to Minority Business Enterprise (MBE) / Women Business Enterprise (WBE) firms, as well as work force housing. The project, which will set a new standard for architecture and design in the area, is currently under construction and encompasses innovations such as traffic mitigation systems.
“We’re thrilled to have secured the Title for Bond as we continue to move forward with the development of Star Metals Atlanta and make a positive impact on the Atlanta community,” said W. Allen Morris, Chairman and CEO of The Allen Morris Company. “The Title for Bond is a testament to how valuable this project is, and we are grateful to the Development Authority of Fulton County for their support that enables us to move the project forward. We are very excited to develop a project that creates a well-rounded livable and enjoyable lifestyle for residents and visitors, while celebrating and enhancing West Midtown.”
The 5.4-acre development, located at 1050, 1055 and 1005 Howell Mill Road, is inclusive of 409-, one- and two-bedroom apartments for residents seeking refined finishes and amenities located in the heart of West Midtown; Star Metals Offices, located directly across the street at 1055 Howell Mill Road, will feature 227,000 square feet of Class-A, creative office spaces with green roofs and tenant terraces on each floor; 55,000 square feet of curated retail including burgeoning dining and entertainment offerings that will add to West Midtown’s existing offerings; as well as a 155-key, luxury, boutique hotel that will set the bar for non-branded hotels in the southeast.
Star Metal Atlanta’s residential and office components are both under construction and slated to open in the Spring and Summer of 2020, respectively, followed by the hotel in early 2021.
For more information on Star Metals, please visit http://starmetalsatlanta.com/.
For office leasing information, please contact Jeff Bellamy from JLL at 404-995-2221.
For retail leasing information, please contact Lily Heimburger or Adrienne Crawford from SRS at 404-231-2232.
