Built in 1897 as the English-American Building, the slender, wedge-shaped, 11-story tower at 84 Peachtree Street—rechristened the Flatiron Building—is Atlanta’s oldest skyscraper, predating the similarly shaped Manhattan icon by four years.
Until recently, the majority of the 44,000-square-foot structure was vacant save for a couple of office tenants.
Who bought it?
A private equity group, Lucror Resources, partnered with Atlanta developer Jim Cumming to buy the building and begin a $12 million renovation in early 2015. Virtually the entire interior had to be gutted because of water damage. “To be able to expose more of the original steelwork, including an original Carnegie-stamped beam, was priceless,” says Arun Nijhawan, Lucror’s managing principal.
Relaunched as FlatironCity, the building’s “Next Gen Office Space” (think two-gigabit internet service and fridges stocked with craft beer) was more than 70 percent leased before its grand opening in May. Tenants include Microsoft, Launch, Aegex Technologies, and the city’s Women’s Entrepreneurship Initiative.
The lobby houses Figo’s to-go pasta concept, an Italian coffee bar, Juice Squared, and Kitchen 13, an Italian soups and sandwiches shop. There’s also sidewalk seating.
This article originally appeared in our September 2016 issue.