The subject of this week’s Skyscraper Sunday is the striking 1180 Peachtree in Atlanta, Georgia. Designed by Pickard Chilton Architects, 1180 Peachtree rises 41-stories with a 119-foot lighted veil at the top. It was also one of the first offices nationally to receive LEED-CS Silver pre-certification for its use of recycled materials, encouragement of alternative transportation, minimization of environmental impact by sourcing materials locally, and attention to using no- or low-VOC adhesives, sealants, and carpets. Developed by Hines, the building has vegetation on the roof to absorb rainwater, store it in underground storage, and use for landscaping (eliminating the need for city water). With about 670,000 sf of office + 35,000 sf of retail, this building is a gem in the Atlanta market. In the middle of 2006, the local real estate community did a double take when 1180 Peachtree sold for $400 per sf. Some people said this was part of a trend (good office market in Atlanta, lots of capital, etc.), but I think the selling price was a reflection of the excellence of the property. It’s a flagship, a trophy property, a green property. Green properties are (1) new, (2) well-designed, (3) easy to lease, and (4) fit well with all companies. It’s not hard to sell an amazing, great-looking, stabilized asset with low vacancy.
Article tags: IAQ