Portman Holdings unveiled the scope of its vision for a revamped Amsterdam Walk redevelopment, which includes 900 apartment units and as much as 400K SF of office space.
The Amsterdam Walk retail center in Midtown Atlanta, which Halpern Enterprises owns and Portman Holdings is planning to redevelop.
Portman is pushing for a residential-heavy revitalization of Amsterdam Walk but also sees a need for office space to help feed the 90K SF of retail that would replace the smattering of smaller commercial buildings around the property, Portman Development Vice President Mike Greene told Bisnow.
“We see it as a mostly residential property with a little bit of commercial, but you need to balance it out with some office,” Greene said. “We think it’s a really special piece of property.”
The storied Atlanta developer filed a Department of Regional Impact application with the Georgia Department of Community Affairs for the project on Friday, which is for developments expected to have a regional impact on the local infrastructure, including traffic. The redevelopment is expected to be complete by 2028, according to the application.
Portman is partnering with Amsterdam Walk’s owner, Halpern Enterprises, to spearhead the redevelopment along Amsterdam Avenue and abutting Piedmont Park and the Atlanta BeltLine trail.
Since first announcing plans for the project in April, Portman received endorsements from Atlanta BeltLine Inc., Invest Atlanta and other area stakeholders, especially after Portman disclosed plans to add a significant portion of affordable housing and reserve 30% of the commercial space for qualified…
Read the full article here
