Simon Breaks Ground For Phipps Plaza Mixed-Use Transformation
Staff Report From Metro Atlanta CEO
Friday, October 19th, 2018
Simon, a global leader in premier shopping, dining and entertainment destinations, welcomed Nobu senior leadership to Atlanta as the organizations officially broke ground on Phipps Plaza's highly anticipated mixed-use redevelopment. Atlanta city officials joined the ceremony this morning to mark the official start of construction.
The dynamic, reimagined development is headlined by the arrival of Nobu Hotel and Restaurant Atlanta, along with a 90,000 square-foot Life Time healthy living and entertainment destination and a unique, curated dining experience. A 13-story, 350,000 square-foot Class A office building, One Phipps Plaza, is yet another element of the redevelopment. The Beck Group has been selected as the architect and general contractor for this transformative redevelopment, with a phased opening beginning in early 2021.
The redevelopment will also feature an outdoor event venue, a multi-purpose courtyard providing easy access to the adjacent One Phipps Plaza office building and restaurants. This green space will be the site for a variety of events enhancing the public space at Phipps Plaza.
"Phipps Plaza has long been a luxury icon in the Southeast and this expansion will further elevate its exceptional position by creating a reimagined destination to live, work, shop, and dine, unlike any other in the region," said David Simon, Chairman and Chief Executive Officer of Simon.
Luxury lifestyle brand Nobu Hotels, founded by Nobu Matsuhisa, Robert De Niro and Meir Teper, will blend its hotel and restaurant into one unique experience, including 150 rooms, a striking rooftop pool, a spa and corporate conference space. Nobu Atlanta Restaurant, revered for its signature take on Japanese cuisine, will operate in a 10,000 square-foot space.
"We are very proud to be partnering with Simon as they continue to elevate Phipps Plaza from a renowned luxury center to an unparalleled, globally-recognized, mixed-use destination which still offers brands that simply can't be found elsewhere in Atlanta," said Trevor Howell, CEO of Nobu Hospitality. "We believe our Nobu Hotel and restaurant at Phipps will be a great addition to the new Phipps Plaza and make it even more popular."
Phipps Plaza will also welcome a luxurious, three-level, 90,000 square-foot Life Time. This resort-like athletic club will feature the ultimate in-studio yoga and cycle classes; small group and personal training; a full-service LifeSpa; a fast-casual LifeCafe; a Life Time Kids Academy; and a lavish rooftop pool, beach club and bistro.
The new 13-story 350,000 square-foot Class A office building, One Phipps Plaza (onephippsplaza.com), will provide modern, efficient office space inspired by the iconic Phipps Plaza. The office component will include a three-story parking garage, multiple signage opportunities, and unmatched access to GA 400.
These new elements reinforce the ongoing transformation of Phipps Plaza. In recent years, Simon has dramatically expanded the dining options at Phipps Plaza and added residential elements to the center's renowned luxury shopping experience. This includes recently opened Michael Schwartz's Genuine Pizza, Daniel Reed's Public Kitchen & Bar, Grand Lux Cafe and Ecco Buckhead (opening in November 2018). The mixed-use redevelopment will also incorporate new dining elements. Additionally, the new AC Hotel Atlanta Buckhead at Phipps Plaza offers 166 guest rooms and suites, and The Domain at Phipps Plaza consists of 319 mid-rise, urban-style luxury residences with a variety of floor plans.