This 13 Story office tower sits on top of a 2 acre park overlooking Phipps Plaza, Lenox Mall and The Whitley hotel (formerly The Ritz Carlton Buckhead). Although the premium location is obvious the quality of the entrance lobby and common areas were all below expectation.
The recommended solution was a comprehensive new lobby design, complete elevator modernization and replacement of the building chiller. This comprehensive renovation occurred while renewal retention and rental rate growth and a new anchor tenant was successfully moved in. The operating expenses while within the peer set expenses were able to be reduced by 20%.