Real estate firm Westplan Investors this week announced plans to redevelop 55 Marietta Street, an Atlanta property with an active roster of colocation and telecom tenants. The redevelopment will add more than 20 megawatts of power capacity at the building, which will shift from a mixed-use building to a dedicated carrier hotel.
55 Marietta Street, formerly the Fulton National Bank Building, is a 21-story, 399,000 square foot building, with about 180,000 square feet of space occupied by technology companies, including 16 carriers and several colocation and managed services providers.
The redevelopment will convert the remaining 10 floors (just over 200,000 square feet) into high-density wholesale colocation space. The first ohase of Westplan's redevelopment will focus creating a new Meet-Me-Room and fiber optic backbone to build carrier-to-carrier and carrier-to-tenant traffic exchange and cross connections.
Phase two will add more than 20 megawatts of electrical capacity, a central generator plant and central cooling system. Tenant suites will be available as commissioned rack space with options from 100 watts per square foot to 200 watts a square foot. Westplan can also make suites available in powered shell condition for customers who prefer to design and build out their own space.
Ken Baudry and Mike Warren with Grubb & Ellis Company’s National Data Center Practice Group will assist in the redevelopment and leasing effort.
Westplan Investors has been involved in more than $1.5 billion in investments the Southern United States. The company currently owns properties in the Atlanta, Raleigh, Jacksonville, Tampa, Houston, Dallas, San Antonio and Phoenix markets.