BROOKHAVEN, GA. — Third & Urban and HighBrook Investors have assembled 30 acres for the redevelopment of Corporate Square, a 1970s-era office park in the Atlanta metro city of Brookhaven. The site, located between Buford Highway and Interstate-85, has been dubbed Northbend in reference to the bend of Peachtree Creek along its northern edge. Atlanta-based developer Third & Urban and West Palm Beach, Florida-based HighBrook, a financial partner, are finalizing partnerships to begin construction for the initial phases of the new mixed-use district, valued at $605 million.
The assemblage comprises eight underutilized office buildings and was arranged with the assistance of Patterson Real Estate Advisory Group. The existing office buildings will be demolished to allow for new infrastructure and improved road networks. Design plans are underway, with an expected groundbreaking next summer.
Northbend’s first phase will include 10,000 square feet of retail, 390 multifamily units, 23 rental townhomes, 119 for-sale townhomes, 140 corporate housing units and a 1-acre public plaza. Ten percent of the project’s rental units will be designated as affordable housing. Rent caps weren’t disclosed. The retail offerings will be food and beverage-oriented in partnership with local businesses already established in the Buford Highway corridor.