The Dunwoody City Council will vote later this week to consider KDC‘s request to modify its original plan to build a 700,000-square-foot single-tower office building, first proposed in 2015, in what is called The Perimeter. The building would be replaced with a twin-tower structure containing 300,000 square feet of office space, 22,000 square feet of restaurant/retail space, a 175-room hotel, and 300 apartments. Developers are asking for a modification to the current zoning to allow for the construction of the apartments, which were not in the 2015 plan.

The project, located on 13 acres at Perimeter Center Parkway, already has three of the proposed four buildings constructed, mostly leased to State Farm. These consist of about 1 million square feet of office space, 54,000 square feet of retail/restaurant space, and 4,000 parking spaces.

 

Since Covid, mixed-use developers have been forced to reconsider their formula regarding how much office space is needed. The universal adoption of hybrid working during the pandemic has decreased the amount of space companies typically lease in office buildings. Much of the focus has to do with repurposing unoccupied space. 

Original entitlements for a fourth building at the State Farm campus in Dunwoody allowed KDC to build up to 729,600 square feet of office space and 33,586 square feet of retail. Instead, KDC has proposed 300,000 square feet of office, 300 residential units, a 175-key hotel and 22,000 square feet of retail space.

The Atlanta Business Chronicle reports some of KDC’s partners say that they want to rent out apartments to corporations with employees who come and go. The project will not have designated affordable housing units. The request is expected to be okayed by the Dunwoody City Council.

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Developer KDC has announced a partnership with the Research Triangle Foundation of North Carolina to build one million square feet of office space in North Carolina’s Research Triangle Park.

The new office space will be located on 100 acres of land bound by 1-40 at Davis Drive, I-40 at Highway 54 and the Durham Freeway. As part of the new multi-use urban district, called Hub RTP, KDC will develop buildings totaling up to one million square feet, and up to 300 feet in height, which will be the first high-rise buildings within the Park.

Founded in 1959 in the center of three research universities, Research Triangle Park is the country’s largest innovation center, with global companies such as IBM, Cisco, Credit Suisse, BASF, GlaxoSmithKline, Lenovo and RTI International among its more than 300 tenants.

“This is the long-anticipated opportunity to retool RTP. With the support of Durham County, the companies in RTP and private partners including KDC, we can do this in 2020,” said Scott Levitan CEO of the Research Triangle Foundation.

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