Building skyscrapers has always been my childhood dream. Before I knew what a career in commercial real estate looked like, I knew I wanted to be a successful business man in my big office high in the sky of my iconic sky scraper. After the recent pandemic and the impact it had on the industry, I started to wonder if we would see a dramatic decrease in the construction of skyscrapers.

Most markets have taken a substantial hit but some, like Atlanta, have shown a strong resilience. This you can tell as you stand anywhere in the city and see cranes in every direction. Towers have been planned in almost every part of the city, from CIM’s hotel and residential towers in Downtown’s Centennial Yards to the collection of buildings that have peppered West Midtown.

The announcement of a new residential tower in Midtown Atlanta comes as no surprise with the enormous growth and increased residential and office demand the city has experienced recently. New York-based Rockefeller Group acquired the 1.1-acre site for 1072 West Peachtree, formerly a U.S. Post Office location, in 2020 for $25 million. The city of Atlanta approved permits last week for Rockefeller’s 1072 West Peachtree St. The proposed 733-foot tower would be one of the 10 tallest buildings in Atlanta and would include 212,000 square feet of offices, 350 residential units, and ground-level retail, according to the developer.