A prominent site in Midtown, where a historic funeral home once operated, may eventually be the setting for a three-tower complex of apartments, offices and a hotel.
The project devised by Portman Holdings would combine the 1928 landmark H.M. Patterson & Son’s Spring Hill Chapel with a 36-story tower and two slightly smaller towers. Portman hasn’t disclosed an estimated dollar value, but the development wouldn’t be completed sooner than 2025.
“That’s one of the reasons we were very attracted to the site,” said Harvey Wadsworth, managing director for Portman Residential.
Portman bought the four-acre property on Spring Street last year for about $40 million and still needs building permits and financing. It will present its design plan Tuesday night to the Midtown Alliance’s development review committee, which must approve it.
Portman is negotiating with potential tenants for the 700,000 square feet of office space and with hospitality brands to manage the 325-room hotel. The project also includes 350 apartments.
The site is four blocks north of Georgia Tech’s Technology Square and is near new buildings occupied or planned by NCR, Google and others. Midtown is also the likely home for a planned healthcare innovation district involving the Centers for Disease Control and Prevention and private companies.
