Latest news with #StreamRealty
Associated Press
7 days ago
- Business
- Associated Press
CP Group Announces Nearly 25,000 SF of New Leasing Activity at One and Two Ravinia in Atlanta, Ga.
ATLANTA--(BUSINESS WIRE)--Jul 22, 2025-- CP Group, a vertically-integrated commercial real estate owner-operator and developer across the Sunbelt, today announced that it has executed nearly 25,000 square feet of leasing agreements at One and Two Ravinia – two 17-story office towers totaling 800,000 square feet in the Dunwoody neighborhood of Atlanta. Situated in one of metro Atlanta's most prestigious, well-known suburban office parks, One and Two Ravinia offers a prime Central Perimeter address directly adjacent to the Perimeter Mall and steps from a wide variety of dining and retail establishments. CP Group's investment in the buildings, including the redevelopment of its on-site amenity offerings and common areas, as well as the addition of flexible, move-in-ready spec suites, has led to a wave of leasing activity, bringing five new tenants to the property. Glenn Kolker, Preston Menning, and Lauren Slappey of Stream Realty represent the landlord as the exclusive leasing agents for the buildings. 'Today's business leaders are seeking a workplace experience that prioritizes both convenience and modern amenities — and Ravinia delivers on both,' said Scott Barr, Senior Vice President at CP Group. 'In an office market where flight-to-quality continues to drive leasing decisions, the newly built spec suites, sweeping views, and seamless accessibility have positioned Ravinia as a standout choice for companies looking to elevate their workplace experience and attract top talent.' CP Group recently completed a multi-million-dollar capital improvements program across One and Two Ravinia. Enhancements spanning the two towers include lobby upgrades, renovation and expansion of the café and coffee bar, complete with outside seating, and the addition of a modern tenant lounge also with outdoor seating to provide comfortable spaces for employees to meet, host, and collaborate. CP Group also upgraded the onsite multi-room conference facility that seats up to 150 and introduced 85,000-square-feet of premium spec suites, ranging from 2,000 to 10,000 square feet, as part of its 'worCPlaces' flexible workspace offering. This program is designed to offer customized, move-in-ready suites that meet the needs of companies seeking adaptable yet scalable office environments for evolving teams. CP Group built seven spec suites on the 16 th and 17 th floors at the end of 2024, five of which have already been leased – with the remaining two currently in negotiations – all within just six months of delivery. In addition to these new renovations and upgrades, One and Two Ravinia also offer a 500-room Crowne Plaza Hotel, shuttle service to Perimeter Mall and MARTA station, a state-of-the-art fitness center, private electric vehicle charging stations, multiple outdoor workspaces, a putting green, and more. Tenants of One and Two Ravinia have consistently praised the prime location as one of the property's most compelling features, particularly the immediate highway access it affords to I-285; seamless connectivity to Ga. 400, I-75, and I-85; and proximity to Hartsfield-Jackson Atlanta International Airport. To learn more about the office buildings, visit: About CP Group Founded in 1986, CP Group is a vertically integrated commercial real estate firm and value-add investor with deep market knowledge across the Sunbelt. The firm has acquired, repositioned, and operated over 170 office and mixed-use properties, totaling more than 64 million square feet and valued at over $8 billion. The firm applies its market expertise and integrated operations to deliver experience-driven environments that support tenant retention and maximize asset value. CP Group maintains offices in Atlanta, Boca Raton, Dallas, Denver, Jacksonville, Miami, and Washington, D.C. For more information, visit View source version on CONTACT: Media Contact: Jordan Rankin, Antenna Group 646.887.2699 [email protected] KEYWORD: UNITED STATES NORTH AMERICA GEORGIA INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY SOURCE: CP Group Copyright Business Wire 2025. PUB: 07/22/2025 02:28 PM/DISC: 07/22/2025 02:28 PM
Yahoo
26-03-2025
- Business
- Yahoo
When will new businesses fill vacant buildings on Sixth Street?
AUSTIN (KXAN) — This week, downtown stakeholders discussed 'Sixth Street's Next Act,' as the city, as well as private organizations, continue efforts to rejuvenate the historic entertainment district and improve public safety. Reopening the street to vehicular traffic was just one step. Other efforts include a holistic approach, which hinges largely on bringing in new businesses to diversify Sixth Street beyond just a nightlife destination. 'Well we're really targeting restaurants right now, a true curated mix of restaurants, something for everyone,' said Taylor Green with Stream Realty, the developer that owns roughly 30 properties on Sixth Street. Most of those buildings are between I-35 and Neches Street. While Stream isn't ready to officially announce any of those restaurants that are moving into its vacant buildings, 'we're in negotiations right now with a lot of tenant types, both local and national. Right now we've got 17 sites that are under various stages of construction,' Green said. Making 6th Street 'vibrant' part of city's public safety goal for entertainment district Stream hopes to be able to share more about those businesses within six months and to see them open their doors within a year and a half. The below renderings were approved by the historical review, Stream told KXAN. Stream recognized two primary comments – which pose a dichotomy – from the public about the current state of Sixth Street: A desire to preserve what people remember of what Sixth Street used to be A desire to make improvements to the current state of the street 'Some of it being the perception right of Sixth Street,' Green said. 'Old 6th is historically known as a bar destination, a PM-activated street, so working hard to bring back that 18-hour neighborhood and bring people back on the street during the day.' Back in 2022, Stream announced plans – and successfully pushed for some more lax zoning laws – to build various high rises on Sixth Street above the existing buildings. That vision changed over time. 'We've done our due diligence and found really the best use of the street is to restore the spaces that we have,' Green said. At a forum held Tuesday morning by the Downtown Austin Alliance, Tamara Herold, a crime scientist, addressed the reduced crime rates APD has reported since allowing cars to drive on Sixth Street at all hours of the day, including weekend nights. She spoke about the 'J-Curve' model, which exists in most communities, and exemplifies that the majority of crime typically takes place in certain concentrated areas. She presented heat maps to show that being the case not only in Austin as a whole, but downtown specifically, with a higher amount of incidents reported on Sixth Street than other areas of downtown. Data released this month shows 177 use-of-force incidents, as well as 171 total arrests on Sixth Street during the first month and a half of 2024 when crowds could walk in the middle of Sixth Street; by comparison, there were 88 use-of-force incidents and 113 total arrests along Sixth Street during the same time this year, after the street was re-opened. Austin Police Department Chief Lisa Davis has also created a new unit, the Downtown Area Rapid Response Team (DARRT). Davis formed this group by restructuring a team that would previously run preliminary on-scene investigations before specialized units arrived. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
