Trammell Crow Company and its residential subsidiary (High Street Residential) along with a cooperative organization of the Georgia Institute of Technology (Georgia Advanced Technology Ventures) have closed on ground leases and are beginning the first phase of redevelopment at Science Square.

The property, formerly named Technology Enterprise Park, is a mixed-use innovation community offering premier commercial lab/R&D and residential real estate. It is located adjacent to the Georgia Institute of Technology campus in Atlanta.

The first phase of the development at Science Square will include TCC’s Science Square Labs, a speculative 364,740-square-foot Class A lab/office tower, and HSR’s 280-unit residential building. It will be the firm’s first residential development in Atlanta and will include shared parking and ground-floor retail space.

As part of the Science Square Labs development, TCC is providing a $500,000 Community Educational Grant to support job training, education and outreach to help neighboring community members develop kills for the life sciences industry.