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CBRE to Lead Market Study for Multibillion-Dollar Forge Atlanta Development
Urbantec Development Partners, LLC, has appointed CBRE to conduct a market study for Forge Atlanta, a proposed 3.8 million-square-foot, multibillion-dollar development in south downtown Atlanta. Tim Dick, hotels advisory leader for CBRE’s valuations and advisory services group, is leading the market study.
Forge Atlanta will be located on several acres along Ted Turner Drive and Whitehall Street in downtown Atlanta. Urbantec Development Partners purchased the property earlier this year.
At full build-out, the project is expected to span 3.8 million square feet of mixed-use space, including 1.2 million square feet of residential. Also in the plans are research space for life science tenants, office space, retail, a hotel and an entertainment venue.
Forge Atlanta would create a new life sciences hub in Atlanta, which between 2019 and 2020 experienced the highest rate of R&D job growth (15.3%) among emerging markets in the country. As of 2020, the city was home to about 15,000 life science employees.
- ◦Development
