The conversion of Georgia-Pacific Center - described as one of the largest redevelopments of its type in the country - now has firmer numbers attached to it, along with a groundbreaking target of late this year.
Suzanne Maynard, head of real estate development for Georgia-Pacific in Atlanta, shared updates at a Future of Downtown panel. The headline figure: 30 percent of the more than 400 apartments planned for the 51-story tower will be capped at rates affordable to households earning between 50 and 80 percent of Area Median Income, with a stated focus on families, essential workers, teachers, nurses, hospitality employees and younger corporate professionals.
Getting there requires what Maynard called a strong, active public-private partnership - securing city-approved public tools, aligning assets Georgia-Pacific already owns, and finding capital partners. The company plans to take the project to the capital markets this summer to line up debt and equity, and continues working with city officials on viability.
What Georgia-Pacific brings to that negotiation is years of self-funded pre-development plus the physical assets themselves: the 51-story skyscraper at 133 Peachtree St. and the adjacent six-acre block the company owns.
One notable change: phase-one retail, dining and entertainment space has been reduced to 80,000 square feet, down from roughly 125,000 in initial plans.
The rest of the program holds. More than 400 apartments would be carved out of offices on the tower's uppermost floors, producing some of the highest residential units in the Southeast. A landscaped, MARTA-connected central plaza of about an acre would face Peachtree Street along the Atlanta Streetcar line. Another 600,000 square feet of Class A office would be anchored by Georgia-Pacific and Koch Inc., with more than 2,100 parking spaces.
Recent permitting activity reflects a refiling of the project's Atlanta Development Review Committee submission to capture the changes.
Georgia-Pacific expects to hold a groundbreaking in late 2026, though officials were careful to hedge: "As with any project of this scale and complexity, these timelines are contingent on many moving parts."
Original reporting by Josh Green for Urbanize Atlanta, published March 2026.
