Construction work is underway on a new 25-story luxury residential tower at the corner of Spring Street and 10th Street NW that will serve as the first phase of a 4.09-acre master-planned, mixed-use development in Midtown Atlanta.
1000 Spring will include 370 apartments and 11,000 square feet of retail space, as well as boutique amenities, such as a resort-style swimming pool, fitness center and a clubroom. Other components of the larger plan include a 525,000-square-foot class-A office tower and 225-key hotel. The project will also include the redevelopment of the historic H.M. Patterson & Son Spring Hill Chapel, which will become a venue with a food and beverage focus.
The project is being developed by Portman Residential, a new development company affiliated with Portman Holdings, an Atlanta developer that has built some of the city’s most well-known offices and hotels, including the Westin Peachtree Plaza, Peachtree Center and the Hyatt Regency. In addition to 1000 Spring, Portman Residential is in the process of developing Peachtree & Pharr, which is currently slated to offer a 225-room hotel and a 200-unit luxury apartment community in Buckhead Village.
“For more than 62 years, Portman Holdings has been an innovator in design and development of transformational hotel and office properties,” Portman Residential managing director Harvey Wadsworth said. “Residential was a missing piece. Now, we bring that same level of excellence to the residential sector with our first project, 1000 Spring in Atlanta.”
Investment manager National Real Estate Advisors LLC is participating as an equity partner in the project, according to a press release.
Cooper Carry is handling architectural design, while Fogarty Finger is leading interior design work, and JE Dunn is providing contracting services. The official groundbreaking took place in August.