By Maria Saporta
Georgia Tech invited business and civic leaders Wednesday afternoon to visit the site where the future High Performance Computing Center was given its code name – Coda.
The high rise center will include a 21-story tower will anchor the newest expansion of Technology Square marking the moment when Georgia Tech jumped over the Downtown Connector divide and became part of Midtown.
“In these 12 short years, Georgia Tech has become an innovation center,” said Georgia Tech President Bud Peterson. “More than a dozen companies have established technology innovation centers.”
The new tower complex, which is slated to open Jan. 1, 2019, will have about 1 million square feet of space including 620,000 square feet of office space – of which half will be taken by Georgia Tech and half available to be leased for new innovation partners.
“The potential is nearly limitless,” Peterson said of the project that will be developed by Portman Holdings and designed by John Portman & Associates. “The ideas presented by Portman Holdings visualized collaborative space.”
The development will be built on the block bordered by Spring Street, Fourth Street, West Peachtree Street and Armstead Place. On one corner of the block, there stands the truncated historic Crum & Forster building, which could become a chef-dominated restaurant.
Construction on the total project is expected to begin in November by which time Portman, Georgia Tech and partners are expected to have secured financing for the project.
Eloisa Klementich, president and CEO of Invest Atlanta, said the development would have a total economic impact of $830 million over the next 20 years.
“In my mind, there’s no doubt that this project is going to fundamentally change how we innovate, how we create and how we compete,” she said calling the area Atlanta’s innovation neighborhood.
“The competition for the smartest and most creative is real,” she added. “It will make Atlanta more diverse and competitive.”
Jack Portman, vice chairman of JPA, first thanked Georgia Tech for educating his father – John Portman. The younger Portman also got his architectural degree from Georgia Tech.
Portman went on to say the development reflects how they believe people will want to work in the future – with a great amount of collaborative space where faculty, students, staff and private sector partners could work together.
The design includes a circular structure in the center of the project to bridge the “L” shaped building. It is called the collaborative core. The complex also will include retail and restaurant spaces to make it a place where people will congregate.
To find out more about the project, go to www.codatechsquare.com.