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Transactions - DECEMBER 28, 2020

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MetLife JV to develop mixed-use development in Atlanta

by Andrea Zander

MetLife Investment Management (MIM), MetLife Inc.’s (NYSE: MET) institutional asset management business, and Granite Properties have formed a joint venture to develop Midtown Union’s 26-story, 612,000-square-foot office tower, the future global headquarters of Invesco.

It received $210 million in construction financing.

In addition, a joint venture of MetLife Investment Management and StreetLights Residential, a national design-driven developer of multifamily and mixed-use communities, secured construction financing of $80 million for Midtown Union’s 18-story, 355-unit upscale residential tower.

Midtown Union is a world-class mixed-use development in Midtown Atlanta that will also feature a hotel and restaurants operated by Kimpton Hotels & Restaurants, as well as other pedestrian-friendly shops and restaurants.

Midtown Union’s general contractor, Brasfield & Gorrie, began construction of the project in November 2019 and has already comple

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