The Atlanta Downtown Improvement District Relocates Headquarters to 34 Peachtree
ATLANTA – Today, the Atlanta Downtown Improvement District (ADID) Board Members, staff and property owners were joined by Downtown community partners and stakeholders for a ribbon-cutting ceremony to celebrate the new home of ADID’s Ambassador Force and Clean Team. Moving from the Olympia Building just a short distance across Woodruff Park, ADID will now be located at 34 Peachtree Street.
“The relocation of ADID’s headquarters from the Olympia Building was precipitated by the incredible investment activity that is occurring within the city center, especially around Woodruff Park,” said Central Atlanta Progress (CAP) and ADID President A.J. Robinson. Adding, “In 2014 alone, 17 Downtown projects valued at more than $337 million were under construction or completed.”
Housing the iconic Coca-Cola sign at the Five Points intersection, the Olympia Building has been ADID’s home for the past six years. In late 2013, Illinois-based CSH-23 Peachtree LLC acquired the historic building and has begun renovating the property to bring a super-sized Walgreens to the neighborhood.
ADID’s new headquarters occupy 8,200 square feet of space on the first floor and lobby level of 34 Peachtree, just one block north of Five Points. The Creations Group, in partnership with Fairlead Commercial Real Estate LCC, purchased 34 Peachtree around the same time that the Olympia Building was sold.
“Being near Five Points puts us at the center of Downtown and gives us optimum access to our entire 220-block service area,” said Dave Wardell, CAP/ADID Vice President of Operations and Public Safety.
The Atlanta Downtown Improvement District, founded in 1995 by CAP, is a public-private partnership that strives to create a livable environment for Downtown Atlanta. With a Board of nine private and public-sector leaders, ADID is funded through a community improvement district within which commercial property owners pay special assessments. Together, Central Atlanta Progress and the Atlanta Downtown Improvement District are committed to a Downtown for the diverse Atlanta community and all of Downtown's property owners, employees, residents, students and visitors.
Support for ADID’s move was generously provided by CAP Member companies, SKANSKA and Schulten, Ward & Turner.