Tech project to benefit from development rights transfer

An Atlanta City Council committee has approved the transfer of excess development density from a landmark property on West Peachtree Street to a new, mixed-use project that incorporates a remnant of another historic building.

The Zoning Committee signed off on a special-use permit allowing the transfer of development rights from the Academy of Medicine at 875 West Peachtree to Coda, the 21-story data center at 771 Spring St. in Technology Square by John Portman & Associates and Georgia Tech.

The development rights are worth 148,400 square feet of nonresidential space, according to the ordinance. The measure is expected to go before the full Council on Monday.

The Academy of Medicine building “will not be altered by the transfer of development rights,” and its official city landmark designation “will assist in the protection of the views for the public,” the ordinance says.

While new construction, Coda will incorporate the front remnant of the Crum & Forster building, constructed in 1926 and mostly razed by the Georgia Tech Foundation in 2013 over the protests of the city’s preservationist community.

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