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The Atlanta office of Hines, the international real estate firm, announced today that it will lease and market 700 Northpark, a proposed 450,000-square-foot office building in Atlanta’s North Central submarket. Located at Abernathy Road and GA 400, 700 Northpark will be the fourth building in the Northpark Town Center development, a unique mixed-use office complex in the Central Perimeter business district. Hines will be responsible for developing a marketing plan, coordinating marketing materials, soliciting potential tenants and negotiating leases for the building. Full Article

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Texas developer Hines is proposing an urban village on the Perimeter, a project that could include a 50-story office tower to lure the next Fortune 500 headquarters. The project, to be known as Northpark 100, would also feature apartments, retail and a hotel. It would take shape at Georgia 400, Mount Vernon Highway and Peachtree-Dunwoody Road. Full Article

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The first developer has fired the warning shot across the Central Perimeter office market, poised to begin a new office-centric, mixed-use development and kick off a new development cycle. Hines Interests has filed plans with Georgia Department of Community Affairs to rezone 100 Northpark, a long-held parcel owned by a Hines institutional partner. It would like the site—bound by Abernathy, Peachtree Dunwoody, and Mt Vernon roads and overlooking GA 400—to accommodate not only 1.5M SF of office, but 150k SF of retail, 500 apartments units, and a 250-room hotel. Hines states in its DRI filing that the project won't be delivered until 2017. The company is the first to start marketing a potential new office development in Central Perimeter, where big blocks of office space have rapidly dwindled in the recovery. Full Article