Ashford Green served as the office for Insight Global in Central Perimeter before it moved out in 2018.
Another aging Metro Atlanta office building could be seeing new life with a different purpose.Â
Ashford Green Ventures LLC filed an application with the city of Brookhaven to convert Ashford Green, a six-story 1980s office building in Central Perimeter, into a senior living community, the Atlanta Business Chronicle reported.
The ownership entity is seeking to convert the 308K SF building at 4170 Ashford Dunwoody Road into a 207-unit apartment building geared toward aging renters, with independent living, assisted living and memory care units, according to the ABC. The owner also wants to build a five-story, 201-unit active-adult apartment complex for renters 55 and older, the ABC reported.
Ashford Green could be part of a wave of potential office conversions in the metro area, as landlords are struggling to fill buildings amid a decline in tenant demand as hybrid work models take permanent root.Â
Jordache Enterprises listed Five Points Plaza in Downtown Atlanta for sale, with a majority of potential investors interested in converting the 17-story building into apartments or a hotel once the Department of Housing and Urban Development vacates the building next year, Bisnow reported last week. In May, Highwoods Properties floated the idea of transforming the 290K SF 1800 Century Blvd. office building near Brookhaven into a multifamily complex.
Converting commodity and older office buildings into housing or hotels is much easier said than done, Windsor Stevens Managing Partner Rod Mullice, a multifamily developer, told Bisnow. The key factor is the size and…
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