Plans are coming into focus for what could rise on the last remaining lot next to insurance titan State Farm’s Central Perimeter campus, and they include much more than additional office space.
Faced with an icy office market, Texas-based developer KDC is proposing a mix of apartments, retail, and hotel uses for what’s known as Building 4 at the 245 Perimeter Center Parkway site. The mixed-use project would constitute the last piece of the Park Center development, which has been in the works for more than a decade.
Next door to the open lot, State Farm finished building its trio of MARTA-connected towers—standing 18, 21, and 22 stories—for a regional hub in 2021.
According to a memo submitted by Madalyn Smith, Dunwoody’s senior planner, to the city’s planning commission last week, the property is entitled to accommodate much more, including nearly 34,000 square feet of restaurants and retail space, almost 3,000 structured parking spaces, and well over 700,000 square feet of offices.
But KDC is aiming to go a different route with the remaining 2.6 acres.
As seen in 2021, the Building 4 development site (bottom right) in relation to the finished State Farm buildings (standing 18, 21, and 22 stories). Jonathan Phillips/Urbanize Atlanta
View of the tower proposals from the south, with MARTA-connected Building 1 shown at right. Cooper Carry/KDC
Development officials have proposed a new two-tower structure for the Building 4 site that would see 300 multifamily units in one building, and a hotel with 175 rooms placed over up to 300,000 square feet of offices in the other.
The maximum building height would be 37 stories, according to Smith’s memo.
Other components of the Cooper Carry-designed project would include 22,000 square feet of restaurant and retail spaces, and 1,565 parking spaces in a seven-story parking garage, per plans submitted to the city.
Residential and hotel uses aren’t currently permitted…
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