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Balfour Beatty Delivers Greenstone Properties’ 14th + Spring Office Tower and Crescent Communities’ NOVEL Midtown

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Balfour Beatty Delivers Greenstone Properties’ 14th + Spring Office Tower and Crescent Communities’ NOVEL Midtown

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Balfour Beatty completes construction of Greenstone Properties’ and Crescent Communities’ joint development in Atlanta featuring the newly delivered 14th + Spring Office Tower and NOVEL Midtown multifamily community. The new multifamily and office towers add Class A+ office space, 340 luxury residential apartments and 3,200 square feet of curated retail space to the bustling Midtown area.

Greenstone Properties’ 14th + Spring office tower is a joint venture development with Goldman Sachs. The 324,000 square foot glass clad project is located at 1150 Spring Street at the corner of 14th Street and Spring Street. The 12-story, Class A+ office building provides creative and technology-driven features with highly efficient floorplates focused on natural light and unparalleled visibility across the Atlanta skyline. “Future-proof”, convenient vehicular access is also featured to/from the Downtown Connector via 14th Street. Spring Street and Williams Street. For more information, please visit 14thspring.com.

As part of the new mixed-use development, Crescent Communities’ NOVEL Midtown consists of a 14-story residential tower in the heart of Midtown, adjacent to Whole Foods and overlooking the Downtown Connector. The 360,000-square-foot building offers studio, one-, two- and three-bedroom apartment options with premier finishes and luxury amenities including a 14th floor Skydeck with indoor and outdoor social spaces and skyline views, a resort-style spa with a steam room, jacuzzi, and showers and a 3,000-square-foot fitness club featuring top-of-the-line equipment with a separate yoga room.

Additionally, NOVEL Midtown includes approximately 3,200 square feet of ground-level retail anchored by locally founded Land of Thousand Hills Coffee & Social. This location marks the seventh location for LTH. 14th + Spring also features an additional 5,120 square feet of ground level retail. Both spaces activate the adjacent streetscape and provides vital pedestrian connections to the Whole Foods market and the MARTA station a few easy blocks away. Plaza-level amenities also include multiple outdoor gathering areas, a ride-share lounge, fitness center and resident coffee bar.

Both the office and multifamily towers share the five-story, 378,000-square foot, 850-space underground parking deck.

“The new mixed-use development featuring the 14th and Spring office tower and NOVEL Midtown projects are premier additions to the Midtown area that our team is proud to deliver on behalf of Greenstone Properties and Crescent Communities,” said Mike Macon, Balfour Beatty senior vice president and business unit leader in Georgia. “We are excited to elevate Balfour Beatty’s multifamily and corporate office portfolio and showcase our commitment to operational excellence with this recently completed project. Congratulations to our project team and industry partners for their efforts in providing additional residential, retail and office space to meet the needs of the fast-growing cultural center in Atlanta.”

Said Harvey Rudy, Partner with Greenstone Properties, “The completion of 14th + Spring represents another major milestone for Greenstone Properties. We’ve been truly honored and privileged to work with Goldman Sachs, our JV partner, US Bank, our project lender and being able to work alongside the incredible people at Crescent Communities. We especially wish to thank Balfour Beatty who gave us a truly best in class project team who helped produce a spectacular project.

“We are thrilled to celebrate the opening of NOVEL Midtown Atlanta and could not have asked for better partners than Balfour Beatty and Greenstone Properties,” said Kyle Brock, Managing Director for the Georgia region at Crescent Communities. “We are also proud to continue our partnership with Land of a Thousand Hills Coffee and offer an integrated and convenient amenity for both residents and Atlanta locals to enjoy.”

About Balfour Beatty

Balfour Beatty is an industry-leading provider of general contracting, at-risk construction management and design-build services for public and private sector clients across the United States. Performing heavy civil and vertical construction, the company is part of Balfour Beatty plc (LSE: BBY), a leading international infrastructure group that provides innovative and efficient infrastructure that underpins our daily lives, supports communities and enables economic growth. Balfour Beatty is ranked among the top domestic building contractors in the United States by Engineering News-Record. To learn more, visit www.balfourbeattyus.com.

About Greenstone Properties

Greenstone Properties (www.getgreenstone.com) is a privately owned, real estate firm based in Atlanta, Georgia.  Greenstone Properties principals have developed/acquired more than 50 office projects totaling over 18 million square feet. In every case, Greenstone principals are personally engaged in the design, financing, leasing, management and development of each investment.

About Crescent Communities

Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of mixed-use communities. We create high-quality, differentiated multifamily and commercial communities in many of the fastest growing markets in the United States. Since 1963, our development portfolio has included more than 77 multifamily communities, 24 million square feet of commercial space and 60 single family master-planned communities. Crescent Communities has offices in Charlotte, DC, Atlanta, Orlando, Nashville, Dallas, Denver, Phoenix and Salt Lake City. Our residential communities are branded NOVEL, RENDER and HARMON by Crescent Communities and our industrial developments are branded AXIAL by Crescent Communities.

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