Shorenstein Commences Renovations at 14th & Spring in Atlanta

Rhea-AI Summary

Shorenstein Investment Advisors has begun capital improvements at 14th & Spring, a 324,000-square-foot Class A office tower in Midtown Atlanta. The renovation project, scheduled for completion in Q3 2025, includes a complete lobby repositioning, first-floor amenities, and 28,500 square feet of speculative suites.

Key improvements include a renovated lobby with new security features, five spec suites ranging from 2,352 to 7,379 square feet, and new amenities such as an onsite café, bar, fitness center, and executive conference center. The property has already secured 100,000 square feet in leases since Shorenstein's acquisition in July 2024, including law firm Cushing, Morris, Armbruster, & Montgomery, LLP and HNTB

The 12-story building, constructed in 2022, is strategically located at 1150 Spring St. NW, offering quick access to I-75/85 and within walking distance to numerous Midtown amenities.

Positive

• Secured 100,000 square feet of new leases since acquisition
• Major renovation project to enhance property value and tenant experience
• Strategic location in Midtown Atlanta with strong accessibility
• Pre-leasing success with new spec suites

Negative

• None.

Renovations Include New Lobby, First Floor Amenities, and Over 28,00 Square Feet of Speculative Suites

ATLANTA, April 2, 2025 /PRNewswire/ -- Shorenstein Investment Advisors ("Shorenstein"), an owner and operator of high-quality office, residential, and mixed-use properties across the U.S., today announced that it has commenced the previously announced capital improvements at 14th & Spring (the "Property"), a 12-story, 324,000-square foot, Class A office tower in Midtown Atlanta.

The renovations at 14th & Spring are designed to prioritize a welcoming experience for all tenants, and will include a complete repositioning of the lobby, expanded first-floor amenities, and the build-out of a full floor of speculative ("spec") suites. Atlanta-based law firm Cushing, Morris, Armbruster, & Montgomery, LLP, has preleased one of the new spec suites, with plans to relocate from its current downtown office by August 2025. Since Shorenstein's acquisition of 14th & Spring in July 2024, the Property has already leased 100,000 square feet, including the three-floor relocation of HNTB Corporation, which was announced in October 2024.

The capital improvements underway at 14th & Spring, which are expected to be complete in the third quarter of 2025, include:

• A fully repositioned and renovated lobby, featuring a new design scheme and motifs, state-of-the-art security/check-in console, and extensive seating areas.
• The build-out of five spec suites, totaling 28,500-square feet on the tower's third floor. The suites will range from 2,352-to 7,379-square feet, each designed to accommodate professional service firms as well as creative and tech-focused industries.
• New first-floor amenities, including an onsite café and bar, a fitness center, and an executive-level conference center. The conference center will feature a 100-person training room, 14-person board room, pre-function lounge, tenant library, and a connected outdoor terrace

In addition to these enhancements, Shorenstein has entered into a partnership with George Banks, founder of retail real estate development firm Revel, to introduce a new food and beverage concept at the Property. The landlord is also working closely with Midtown Alliance on landscape and streetscape improvements, which are expected to include additional tenant branding opportunities and public art installations on 14th Street between Williams and Spring Streets.

"Today's announcement marks an exciting milestone for 14th & Spring, as the transformative renovations that we have been crafting over the last several months are now coming to life," said Claude Esposito, Vice President at Shorenstein. "We look forward to delivering these state-of-the-art renovations that are designed to inspire collaboration, innovation, and talent retention for our current and future tenants."

"It's not often you see a newly constructed office tower undergoing such a comprehensive capital and amenity upgrade that meets the demands of today's tenants," said Nicole Goldsmith, a Senior Vice President at CBRE. "Shorenstein's commitment to transforming the tower into the in-office experience tenants are looking for has already begun to pay off. We look forward to showcasing these significant improvements to new and prospective tenants."

ASD | SKY is serving as the design architect for the lobby repositioning and first-floor amenities, while Murphy Meyers is the design architect for the spec suites. CBRE's Jeff Keppen, Kyle Kenyon, and Nicole Goldsmith are the exclusive leasing agents for the Property.

Located at 1150 Spring St. NW, the office tower was built in 2022 and acquired by Shorenstein in July 2024. Positioned at the intersection of 14th St. NW and Spring St. NW, the Property is known as "Midtown's Front Door," offering quick access to I-75/85 with multiple routes of ingress and egress. The building is also within a five-minute walk to Midtown's numerous offerings and amenities, including more than 20 restaurants, 12 hotels, five coffee shops, and two food halls.

About Shorenstein
Shorenstein is a privately-owned investment adviser that, through affiliated entities, owns and operates high-quality office, residential and mixed-use properties across the U.S., with offices in San Francisco and New York. Since 1992, Shorenstein and its affiliates have acquired $19.5 billion in assets (as of December 31, 2024). Using their integrated investment and operating capabilities, the firm seeks to take advantage of opportunities that, at the particular time in the investment cycle, offer attractive returns. Investments have included ground-up developments, asset repositioning and stabilized assets; investment structures have included asset acquisitions, mezzanine loans, preferred equity investments and structured joint ventures. More information is available at www.shorenstein.com.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world's largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

Shorenstein Contact:
Sarah Salky / Madeline Jones
Joele Frank, Wilkinson Brimmer Katcher
212.255.4449

CBRE Contact:
Justin Luera
+1 915 383 6064
justin.luera@cbre.com

 

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SOURCE Shorenstein Properties LLC

FAQ

What renovations are planned for 14th & Spring office tower in Atlanta?

The renovations include a repositioned lobby, five spec suites totaling 28,500 square feet, and new amenities including a café, bar, fitness center, and executive conference center, scheduled for completion in Q3 2025.

How much space has been leased at 14th & Spring since Shorenstein's acquisition?

The property has leased 100,000 square feet since Shorenstein's acquisition in July 2024, including HNTB and Cushing, Morris, Armbruster, & Montgomery, LLP.

What is the size and location of the 14th & Spring property?

14th & Spring is a 12-story, 324,000-square-foot Class A office tower located at 1150 Spring St. NW in Midtown Atlanta, built in 2022.

What amenities will be available at 14th & Spring after renovations?

New amenities will include an onsite café and bar, fitness center, and an executive conference center featuring a 100-person training room, 14-person board room, tenant library, and outdoor terrace.