Largest Infill Development Opportunity in Atlanta - 17.08 AC West Midtown next to The Works

Highlights:

• 17.08 Acres - Unbeatable Scale in Infill Location with Highly Amenitized Trade Area
• Located at the crossroads of Atlanta’s Most Active New Development Submarkets
• Proven Demand in Immediate Trade Area, with Ability to Leverage Creative/Adaptive Redevelopment of Existing Warehouse to Serve 2% Vacant Retail Market with Superior Speed to Market vs. New Development
• Multiple Paths to Profit - Data Center, Creative/Adaptive Re-use as Retail or Office, or Upzone and develop as Multifamily / Hotel / Condo space
• Fortune 500 HQ Magnet - at the epicenter for regional headquarters buildings for Microsoft, ThyssenKrupp, Comcast, Google, Truist, and Home Depot, with smaller tech offices for Facebook, iHeartRadio, Conisus, Coyote Logistics (UPS subsidiary), and more
• "Blue Chip” redevelopment profile, with scale accommodate BTS HQ, Multifamily, and premium Hotels/Condos, with the ability to leverage submarket momentum and leasing activity, and unbeatable proximity to 3 Michelin Star restaurants, all within +/- 5 minutes of the property

Description:

Avison Young, serving as exclusive agent, is excited to present the sale of 1611 Ellsworth Industrial Blvd, a 17.08 AC +/- parcel with 220,443 SF of existing improvements (the "Property"), ideally situated in Atlanta's West Midtown Submarket, directly adjacent to Selig's "The Works," an 80-AC, 1.5M SF, mixed-use development and Top Golf, a true "Destination" entertainment venue and potential shadow anchor to future redevelopment. The current I-2 zoning permits an additional ~1.3m SF of development, while an upzone to denser I-MIX (FAR of 3.3, yielding 2.45m SF developable) or MRC-3 (FAR of 7.2, yielding 5.35m SF developable) zoning unlocks the site's potential as a denser mixed-use or multifamily development. The Property benefits from a robust TAMI (Technology, Advertising, Media, and Information) presence, capitalizing on its proximity to Georgia Tech, Microsoft's 523k SF Regional Headquarters, and Atlanta's affluent demographic nodes of Collier Hills, West Paces, and East Cobb.

Its strategic location, nestled between Cumberland-Galleria, Buckhead, and Midtown, ensures convenient access and has attracted a diverse tenant base, ranging from tech startups to well-established corporations. The current zoning permits the uses of last mile industrial or data center, while upzoning to either I-MIX or MRC-3 opens the doors to high-density mixed-use and multifamily developments.

Notably, the Property is situated within both the Atlanta BeltLine overlay district and the Upper Westside Overlay District, adding to its strategic significance and potential for future growth and development.

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