Kenny Wolfe and its affiliated developers are set to break ground on the redevelopment project of the Grant Building at 44 Broad Street NW in the US.
The building’s co-owner, Kenny Wolfe, alongside Bush Construction project superintendent Kevin Mericle, will attend the ground-breaking event that is scheduled for 13 July.
Go deeper with GlobalData
Once finished, the building will feature 165 multifamily units and feature amenities such as a fully equipped clubhouse, a private spa, a business centre, a lounge/social area, and a fitness centre that will include a yoga studio, treadmills, and Peloton-branded bikes.
The building’s ground floor is for retail space, with the second floor designed for offices and multifamily residences occupying the remaining levels.
The structure has undergone a total of three renovations, with the most recent in 2019 that covered interior upgrades to elevators and other key systems.
In December 2022, a joint venture of real estate investors Kenny Wolfe, owner of Wolfe-Investments, and Ike Bams and John Williams, co-founders of Bluelofts, purchased the Grant Building.
Wolfe Investments is a private equity real estate investment company based in Plano, Texas.
The ten-storey Grant Building was originally built in 1898 and is said to be one of Atlanta’s oldest structures, as well as the second-oldest steel structure building in Southeastern US.
It is located in downtown Atlanta’s Fairlie-Poplar historic area, in its business district centre.
