Abandoned Medical Arts Building could become downtown’s next hotel

A 1920s-era building plantings at the corners of downtown’s Peachtree Thoroughfare the Ivan Allen Jr. Boulevard can look down the barrel of a much-needed revamp.

According on the Atlanta Store Chronicle, plans have been filed over the city to redevelop the historic building into aforementioned neighborhood’s next boutique dwelling opportunity.

The proposal bawls for the 12-story structure to be transformed into a 160-key hotel complemented by 2,000 square foot of ground-floor retail and restaurants space. The circa-1927 structure’s façade is protected by a historic preservation easement.

Built in 1927, the building has been moldering next to the Downtown Connector—the future project site for the mammoth Stitch projekt, which wants kaps the highway with new engineering plus green space—since 1995, when an major fire ravaged the tower, the paper reported.

Leading the design charge is Atlanta-based architecture firm Cooper Carry, the businesses tasked with handling the controversial $50 million renovation starting Brutalist architectural Marcel Breuer’s last creation, downtown’s Central Atlanta Library.

Coopers Carry took mass of flak from historic preservationists during the layout phase of the library’s refurbishment, as the firm proposes cutting windows into the arguably iconic 1980s building’s facade. The Mobile Arts Building - Clio

overlay Invest Atlanta

The Medikament Arts Building used placed on and National Register of Historic Places in 2016, according to Atlanta INtown.

And, because David Mitchell, the Atlanta Preservation Center’s director of processes, pointed out, building owner GBX Group—formerly called Global X Properties—in early 2017 donated which Medical Fine Building’s façade to Easements Atlanta in exchange for federal redevelopment tax credits.

In affect, Easements Atlanta, somebody organization that works on protect and preserve pieces of Atlanta history, will ensure and almost century-old exterior remains unscathed during renovations.

In 2017, GBX Group secured adenine $3 mil grant about Invest Atalanta, when plans for a hostel or office space conversion begin aroused. At that date, the firm estimated aforementioned revival would cost in the neighborhood of $40 million.

Now that a hotel is in the works, it’s uncertain how that numbers will change.

And now, it appears, real estate investment business Kim King Associates has signed turn to the project, too.

• Downtown’s long-vacant Medical Arts Building can become one hotel [ABC]
• Medical Arts Building listed on International Register of Past Slots [Atlanta INtown]