KDC SELECTED AS OFFICE DEVELOPER FOR WINDWARD PARK MIXED-USE PROJECT
Two 10-story, 250,000-square-foot office buildings planned for $400 million development
ALPHARETTA, Ga. – (Feb. 20, 2018) – KDC, a leading developer of corporate build-to-suit development for major companies such as State Farm and Toyota, along with Worthington Hyde Partners and Transwestern, today announced plans to market and develop eight acres for build-to-suit office space at the $400 million Windward Park mixed-use development. The site is zoned for two 250,000-square-foot Class A office buildings.
“Windward Park is quickly turning into the type of vibrant, walkable, mixed-use development that checks many must-have boxes for Corporate America,” said Alex Chambers, KDC regional vice president. “The market is prime for build-to-suit development and interest is strong.”
The 48-acre development is located at the corner of Windward Parkway and GA 400 in the North Fulton submarket of the Atlanta metropolitan area. The transformational project creates a dynamic live-work-play environment at the gateway of Alpharetta with office, luxury residences, a hotel, along with dining and green spaces to fit the upscale lifestyle and demand of the Windward corridor’s high-end real estate market. Windward Park will provide direct access to MARTA’s Windward Park and Ride, adding a public transportation option that Corporate America is seeking.
“We knew 11 years ago that we were acquiring a special site and we have patiently committed to that belief. The quality of partners and end users who have recently aligned with us at Windward Park has affirmed this belief. The KDC venture certainly serves to punctuate this conviction,” said Bob Worthington, the Chairman/CEO for WHP.
“The timing is perfect to welcome KDC as part of our marketing team at Windward Park, North Fulton's next great destination,” said Todd Syprett, Transwestern vice president. “We are pleased to continue providing advisory services to Worthington Hyde on the office components of this mixed-use development.”
Windward Park will feature Class A office space with structured parking, a 249-room, full-service Hilton hotel, 200 condominiums and more than 190 townhomes marketed and developed by Lennar Corporation as Caravelle at Windward Park. A retail village with more than 31,000 square feet of restaurant-driven retail space and a two-acre park will anchor the entire project.
The residential side of the project will feature a connected three-acre nature preserve with trails, green spaces and lush landscapes to provide bikers and pedestrians a natural surrounding as they move around the property. The streets will be framed with decorative lighting and trees, pulling all the elements together to create an interactive, village-themed, walkable community with varying housing options for residents, including townhomes, condos, and live-work units.
In January, Chartwell Hospitality announced the development of a full-service Hilton hotel at Windward Park. The Hilton will feature 6,500 feet of meeting space with a large ballroom and a 2,700-square-foot restaurant with outdoor dining. Atlanta-based Rabun Rashe Rector Reece Architects is designing the hotel.
Site work continues on Windward Park with townhomes under construction. The Hilton hotel is scheduled to break ground in the summer of 2018.
In 2007, Worthington Hyde Partners purchased the now Windward Park acreage from Prudential and held the portfolio during the real estate downturn. In 2015, Worthington Hyde began developing the plan for the site.
About Worthington Hyde Partners
Atlanta based Worthington Hyde Partners (WHP) was formed in 2006 as the successor to Schaedle Worthington Hyde Properties, commonly known as SWH Properties founded in 1991. Since its inception, WHP has been actively involved as a real estate developer, operator, and capital provider, often in venture with niche developers with local project insight and expertise, over a diverse portfolio of real estate investments, and in varying creative structures.
About Transwestern Commercial Services
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern.