RFP issued for TOD at MARTA’s North Avenue Station
JLL launches marketing and deciding developer selection for North Avenue MARTA station.
Atlanta, GA (August 29, 2019) – JLL has officially launched the marketing of MARTA’s Transit Oriented Development opportunity at the North Avenue MARTA station. Information about the project can be found at www.northavenueTOD.com. The site represents a unique development opportunity in a rapidly developing section of southern Midtown. 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.
The site totals over 1.5 acres bounded by Ponce de Leon Avenue, West Peachtree and North Avenue. Located within Midtown’s high-density SPI 16 district, the JLL team 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.
Midtown Atlanta has seen over $5 billion in new investment since 2000. Since January 2017 alone, Midtown has seen the development of 6-million-square-feet of office space, 9,300 residential units, 1,850 hotel rooms and 600,000-square-feet of retail space.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com