Phipps Plaza Gets New Addition and Facelift

The upscale Atlanta shopping mall, Phipps Plaza, is set to get some new real estate come January 2016. A 166-room AC Hotel by Marriott this close in proximity to Buckheads’ thriving business district looks good on paper. Those interested in the Atlanta Commercial Real Estate space are excited about the modern design aspects, including the proposed open-air walkway connecting the hotel to Phipps Plaza.

Commercial real estate in Atlanta, specifically Buckhead, has been a hotbed topic lately with the opening of the upscale shops at Buckhead. The New Marriott will feature 2500 sq. ft. of meeting space, making it a nice destination for the business traveler. The new location will also boast a lounge, library, state of the art fitness center, indoor pool and complimentary WiFi throughout the hotel.

This is the first AC Hotel by Marriott in Atlanta. The brand was founded in 1998 and is inspired by runways and fashion houses in Milan. They have hotels all over the world and just recently opened their first US location in New Orleans.

The owner of Phipps, Simon Malls has been busy in the Atlanta commercial real estate space, specifically at Phipps Plaza. They recently began construction on luxury apartments and plan to renovate the exterior facade of the mall. The new hotel is being very selective on which restaurants and restauranteurs they attract for their dining experiences as well. “We are out marketing to restaurants. We are being very selective” said Patrick Peterman, Simons VP of development and asset intensification.

New commercial real estate in Atlanta is good news as it creates jobs and stimulates the economy. We’ll be excited to check out this luxury hotel the beginning of 2016.

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