Banyan Street Capital (Banyan) today announced it will be kicking off a $4.5 million capital improvement plan for 191 Peachtree Tower, the iconic, 50-floor office landmark in Downtown Atlanta. The real estate investment firm, along with funds managed by Oaktree Capital Management, L.P., will renovate the tower’s seven-story atrium lobby and dining spaces and build five new spec suites, totaling 24,337 square feet on the 22nd floor. Construction will begin at the end of the summer, and tenants will start enjoying the modernized spaces next spring.

The capital improvement plan involves modernizing 191 Peachtree’s stunning lobby to more fully integrate with the Ritz-Carlton and food and beverage offerings, while preserving the timeless architectural features, such as the Rosa Dante granite and tinted glass. 

• Lobby-level fine dining Mexican restaurant Alma Cocina will get a new millwork bar and plaza dining experience that invites office tenants and guests to enjoy lunch or after-work drinks. 

• The entrances into Alma Cocina and The Ritz-Carlton will be transformed with a new façade/awning, integrated seating and refreshed lighting, creating more inviting spaces.

• The lobby’s coffee bar, Land of a Thousand Hills, will get a face lift with a new bronze and glass overhang, upscale tiling and stone countertops. 

• Throughout the lobby, tenants and guests will enjoy reimagined gathering areas that welcome them to spend time in the grand space.

“While it’s no secret that Downtown Atlanta has faced some recent challenges, we believe the pendulum is swinging back and we want to ensure this incredible asset remains the most accessible luxury office experience in Atlanta,” said Zac Gruber, president of the office division at Banyan. “The data shows positive tailwinds in the leasing market—tours are up, proposal activity is picking up, and there is renewed interest in Downtown from tenants seeking trophy space as the availability of new trophy product leases up and tenants look to upgrade to higher quality space. With our reinvestment in the building and its premier presence on the Atlanta skyline, we’re positioning 191 Peachtree to capitalize on this momentum.”

Centrally located along a densely populated Peachtree Street, 191 Peachtree is poised to benefit from the growth and investment happening in Downtown, with major sporting events like the 2026 World Cup and projects such as Centennial Yards creating strong interest in the market. Last month, Centennial Yards announced its highly anticipated Live Nation concert venue located just blocks from 191 Peachtree.

In addition to continuing Banyan’s signature spec suite program, which has delivered close to 75,000 square feet in the building already, Banyan will soon unveil a large block availability near the top of the building’s iconic double crown that would offer the possibility of building top signage or naming rights to a large user for the first time in the building’s history. The tower is already home to influential Atlanta companies such as The Woodruff Foundation, Grady Foundation, Osmose Utility Services, Metro Atlanta Chamber, as well as dozens of law firms, community foundations and non-profits. Another longtime tenant, Cooper Carry’s The Johnson Studio, led the design for the tower’s reimagined lobby and dining spaces. 

“While there’s a lot of exciting new construction happening Downtown, you can’t replicate Philip Johnson/Burgee Architects’ renowned architecture,” said Anita Summers, principal at The Johnson Studio at Cooper Carry. “Our design plan enhances the space to serve more tenants and guests, while preserving the features that make 191 Peachtree such a distinctive and inspiring place to work. We see it as the building’s front porch—a welcoming blend of timeless design and modern energy. Whether you're closing a deal, catching up on emails, or winding down with a drink, the new lobby extends your office into a vibrant, social space that connects people and brings a fresh rhythm to the workday.”

191 Peachtree currently offers an impressive array of amenities including, an immersive golf lounge featuring Sea Island courses and a private 19^thhole experience; the Resolution Fitness Center with nine group classes each week, personal training, massage services, sauna and steam room; a new 100+ person conference space with lounge and catering kitchen; connected access to the Ritz Carlton Atlanta; the Commerce Club on the 49th floor; regular tenant events and gatherings; onsite attached and secured parking; and more than 50 eateries in walking distance of the tower. 

CBRE’s Chris Port, Kyle Kenyon and Maddy Nagley oversee leasing for 191 Peachtree.

To learn more about 191 Peachtree, please visit its website. For more information about Banyan, visit banyanstreetcapital.com.