The developer of State Farm’s massive Dunwoody regional headquarters campus is pivoting away from office for the remainder of its development site.
Park Center 2 and 3 buildings at the State Farm campus in Dunwoody.
KDC is seeking approval from the city of Dunwoody to alter its master plan for the fourth building at Park Center, the Atlanta Business Chronicle reported. The building was set to be a a fourth office tower spanning 700K SF, but KDC now wants to build apartments and a hotel instead.
The proposal calls for 300 residential units, a 175-room hotel and 22K SF of retail, Troutman Pepper LLP partner David Kirk, who is representing the developer, told members of the Dunwoody Planning Commission during a Feb. 13 meeting. KDC still plans to include 300K SF of office in the two-building plan, according to the ABC.
The current campus includes three office towers: the 620K SF Park Center 1, which is directly connected to the Dunwoody MARTA Station, the 621K SF Park Center 2 and the 440K SF Park Center 3. All three buildings are leased to State Farm for its regional hub, but the insurance giant subleased most of the first building to Carvana in 2021 as State Farm shifted to a hybrid work model. Carvana backed away from its sublease in 2023. KDC purchased buildings two and three from State Farm in 2022.
KDC Development Program Manager Jim George told commission members that the apartments would be marketed for rents on the higher end, with an idea to target companies with employees who stay temporarily in Atlanta, the ABC reported. The Dunwoody City Council still needs to give the plan its full approval, according…
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