BUSINESS BRIEFS

MARTA is moving forward with a plan to develop a mixed-use tower atop the North Avenue station in Midtown. Real estate investment and management firm JLL has officially launched the marketing for a Transit Oriented Development (TAD) for the 1.5 acre site at Ponce de Leon Avenue, West Peachtree Street and North Avenue. A JLL team comprised of Scott Cullen, Mark Lindenbaum, and Jeremy Becker are handling the marketing, developer selection and transaction process for MARTA. “MARTA has considered TOD at this station for several years.

We have a lot of faith in the long-term momentum of Midtown and are pleased to make this site available for development,” said MARTA’s Jacob Vallo. According to a media statement, JLL “aims to secure a developer for a signature tower project with direct multi-modal connectivity to MARTA’s rail and bus network. The site is within blocks of Portman’s CODA and Anthem projects and the Norfolk Southern headquarters.” For more about the project, visit northavenuetod.com.

The Ardent Companies, an Atlanta-based real estate investment and asset management firm, has purchased three industrial buildings at 279 Ottley Drive, 221 Armour Drive and 219 Armour Drive to create loft office space in the burgeoning Armour Yards district. Michael Anderson of Cresa Global, Inc. represented The Ardent Companies in this transaction of the buildings, which have a combined total of nearly 113,000 square feet of space.

Atlanta’s female professionals, entrepreneurs, working moms and stay-at-home moms have a new shared workspace in Buckhead, designed specifically with them in mind. The first coworking, social space of its kind in Atlanta, Eleanor’s Place is a space for members to work, relax and collaborate without the distractions of everyday life. The space includes a reception area, living room, kitchen, co-working area, first lady’s office, private booth offices and a conference room – all crafted and developed for women. Those interested in membership can visit eleanorsplace.com.