Coda will help Atlanta compete not only for investments by major corporations but for talent, said Eloisa Klementich, the CEO of Invest Atlanta, the city’s development agency.
“The competition for the smartest and most creative is real,” she said.
What was once the site of dreary parking lots 15 years ago is "now the premiere innovation hub in the Southeast," Georgia Tech President G.P. "Bud" Peterson said.
Georgia Tech and private sector tenants, including Keysight Technologies and the co-working real estate company WeWork, started to move in weeks ago.
The development also included about $15 million in tax breaks provided by the city.
The Coda project at Georgia Tech is scheduled to open in early May. Coda is the newest office tower at Midtown's innovation hub. Ideas for Coda originated about a decade ago.
As the research university and business leaders celebrated Coda’s opening, Georgia Tech’s third phase of Technology Square is soon to take shape.
The fiscal year 2020 budget for the University System of Georgia includes $4.3 million in planning and design funds for Phase 3. Georgia Tech also plans to demolish two small office buildings at 828 and 830 West Peachtree Street on the northeastern end of Tech Square.
The buildings were acquired in 2006 and intended for future campus expansion.