Working in tandem with Georgia Tech, its foundation and partner Kim King, Gateway pioneered the initial, privately financed phase (Centergy) of Technology Square with 350,000 square feet of speculative office and retail, anchored by Tech’s incubator, the Advanced Technology Development Center (ATDC), and the adjacent Technology Square Research Building. The $150 million, 700,000 SF Centergy project was developed at the same time and across Fifth Street from Tech’s Global Leaning Center, Tech Square Hotel and the Institute’s Business School, forming the nucleus of Technology Square; winner of numerous national ULI and “Deal of the Decade” awards and now heralded as the one of the top urban, university districts in the world. In addition to vertical development, Reese worked with partner Kim King to spearhead the effort to build community support and funding for the $12 million Fifth Street Bridge expansion; a literal and figurative link between Tech’s campus and the Midtown business community. Along with Gateway’s similar efforts on the “Hagood Connector” in Charleston, the Fifth Street Bridge has become a trademark of Gateway’s effort to build civic connections alongside its mixed-use communities.
487,000 SF · 14-STORY building
Centergy One is a 487,000 SF 14-story building office, research and retail building that was uniquely financed to accommodate both privately and publicly financed components. Created as a condominium, 45% was financed by tax exempt bonds and leased to a Tech entity (to accommodate ATDC), while the balance is privately financed and owned by Reese and his partner David Tyndall. To accommodate street front retail, “place making” and provide amenities to the office tenants and Tech, Reese and Tyndall master lease a portion of the first floor component and sublease the restaurants and retailers. The private office component contains the Busbee Center for Global Economic Development (a collaboration of statewide economic development entities anchored by Georgia’s Department of Economic Development) and 15 corporate innovation centers; the largest cluster of its kind in the country (see related article in the news section).
TECHNOLOGY SQUARE RESEARCH BUILDING
208, 000 SF research building
TSRB is a five-story, 208,000 square foot research facility for the design of advanced communication systems and is located adjacent to Centergy One. The highly secured facility includes institutional and commercial design technology studios, prototypes of labs for applied research and development, and incubator and office space for companies that conduct research and commercialization with Georgia Tech. Gateway provided all program management and development services and coordinated all master planning, design, engineering and construction activities. TSRB received the 2003 Atlanta Regional Commission’s Development of Excellence Award.
SQUARE ON FIFTH
Square on Fifth is a 25-story student housing high rise comprised of 628 beds, innovative office space, street front retail, and a rooftop amenity areas. Completed in July of 2015, Square on Fifth was 100% leased up for the 2015-2016 Georgia Tech school year. Square on Fifth sits 100 yards from Tech Square, Georgia Tech’s mixed use development including over 100,000 feet of class rooms and offices along with dining and shopping
catering to Georgia Tech students.