Ponce City Market’s rapid growth continues very visibly across the Old Fourth Ward block, and officials say work is progressing on schedule despite a turbulent labor market and construction supply industry. I am reporting that there are
As mentioned on these pages last month, Ponce City Market’s first skyscraper, 21-story condominium Called the Signal House, the bridge rises to more than half its final height along the Beltline’s Eastside Trail on North Avenue. By late 2023, it plans to offer 163 rentals designed for active adults and his community of 55 or more, 24 of which have affordable rent limits.
The back of the main building at Ponce City Market has also been a crane paradise for the past few weeks.
Another 21-story tower, a hospitality living concept that blurs the lines between short-term rentals and new apartments with hotel flexibility, broke ground earlier this year alongside a planned boutique office building.
According to the owner, excavation work for the new building is nearly complete and work is in the final stages of preparing a tunnel to connect to the existing low-rise parking lot on the west side of Ponce City Market. Jamestown propertiesTwo cranes were hitched at the site last month.
Perched on the corner of Glen Iris Drive and Glen Iris Way, the Flexstay Tower will offer 405 residential units and 12,000 square feet of retail with 21 foot ceilings. To accommodate “global nomads,” all units will come fully furnished, with stays ranging from one-night he’s to one-year leases, officials said.
A four-story Mass Timber Loft office building called 619 Ponce will be built next door. In addition to 90,000 square feet of offices, 23,000 square feet of retail is planned.
Additional aspects of Phase 2 include a public courtyard between the new offices and the Flex Living Tower, on-site bike lanes, bike and scooter parking, EV charging stations, and designated rideshare drop-off sites. included. The corner lot across from Mr. Car Wash near the entrance to West Elm was formerly used as a flat parking lot.
Offices and hospitality towers are scheduled to open in 2024.
Overall, Jamestown expects the second phase of the PCM to cost $175 million on both sides of the former Sears, Roebuck and Co. distribution center. Company officials say the second phase will create 550 jobs for him.
According to Jamestown, Ponce City Market will house 100 businesses, approximately 6,000 employees and 800 homes when the next facet is built and occupied.
Visit the gallery for a closer look at the current state of construction and future directions.
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