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Third & Urban is moving forward with Northbend, a $605 million project to repurpose the outdated Corporate Square office park just northeast of Atlanta.

The new development will feature a mix of retail, additional office space, for-sale and rental housing, and lodging.

Set to break ground in mid-2026, the first phase of Northbend will include:
– 10,000 square feet of retail
– 390 multifamily units
– 23 rental townhomes
– 119 for-sale townhomes
– 140 corporate housing units
– A 1-acre activated public plaza

This initial phase is designed to support the thousands of employees who work at the nearby Children’s and Emory hospitals.

Third & Urban also holds entitlements for 100,000 square feet of medical office space that could be developed in the future. A 150-room boutique hotel may additionally be included in later phases.

Peachtree Group has provided a $37.5 million loan to help finance Northbend’s acquisition costs and improvements to roads, green space, and development pads.

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