{"406131":{"#nid":"406131","#data":{"type":"news","title":"Georgia Tech moves forward with Technology Square expansion project","body":[{"value":"\u003Cp\u003EThe Georgia Institute of Technology received approval to proceed with the high performance computing center lease agreement during today\u2019s meeting of the Board of Regents of the University System of Georgia. This step follows the recent selection to move forward with Portman Holdings as the project developer for Georgia Tech\u2019s expansion of Technology Square.\u003C\/p\u003E\u003Cp\u003EThe proposed 750,000-gross-square-foot, mixed-use project will be located between Spring Street and West Peachtree Street near the Scheller College of Business and the Georgia Tech Hotel in Midtown Atlanta. Georgia Tech will serve as an anchor tenant, taking approximately one-half of the new development. The remaining space will be available for corporate entities and partners. The Institute plans to locate academic and leading-edge research programs in computing and advanced big data analytics there.\u003C\/p\u003E\u003Cp\u003E\u201cThis expansion is one of the most exciting developments since the opening of Technology Square more than a decade ago and will provide extended options for those looking to be a part of Georgia Tech\u2019s innovation ecosystem,\u201d said Executive Vice President for Administration and Finance Steve Swant. \u201cWe are pleased to take the next step in providing an interdisciplinary collaborative environment that will ultimately magnify Technology Square\u2019s positive impact in the Midtown Atlanta area and the state of Georgia.\u201d\u003C\/p\u003E\u003Cp\u003EWith a targeted 2018 opening, the Technology Square expansion will support economic development in Atlanta and the state by creating jobs, new tax revenues and technology clusters, according to Swant.\u003C\/p\u003E\u003Cp\u003E\u201cWe are thrilled Portman has been selected to work with Georgia Tech on a new kind of workplace\u2014a \u2018Class T\u2019 office with adjoining data center and vibrant public space,\u201d said Ambrish Baisiwala, chief executive officer of Portman Holdings. \u201cThis building will be special\u2014bringing people together in a mixed-use community of innovation, education and intelligent exchange that represents a paradigm shift in office development.\u0022\u003C\/p\u003E\u003Cp\u003EJohn Portman IV, chief operating officer of Portman Holdings, added, \u201cThe histories of Portman Holdings and John Portman \u0026amp; Associates are inextricably linked to Atlanta and Georgia Tech, and we look forward to collaborating together on this landmark development in Tech Square.\u201d\u003C\/p\u003E\u003Cp\u003EThe project offers a highly desirable, strategic destination for prospective stakeholders, according to John Majeroni, Georgia Tech\u2019s executive director of Real Estate Development.\u003C\/p\u003E\u003Cp\u003E\u201cWe are excited to complete this milestone; however, in order for the project to be feasible, we still have plenty of work ahead,\u201d said Majeroni.\u003C\/p\u003E\u003Cp\u003EGeorgia Tech\u2019s next steps will involve working with Portman Holdings on pre-development activities, securing economic support and getting additional state approvals.\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":[{"value":"Development will support leading-edge research programs in computing and advanced big data analytics"}],"field_summary":[{"value":"\u003Cp\u003EThe Georgia Institute of Technology received approval to proceed with the high performance computing center lease agreement during today\u2019s meeting of the Board of Regents of the University System of Georgia. This step follows the recent selection to move forward with Portman Holdings as the project developer for Georgia Tech\u2019s expansion of Technology Square.\u003C\/p\u003E","format":"limited_html"}],"field_summary_sentence":[{"value":"The Georgia Institute of Technology received approval to proceed with the high performance computing center lease agreement during today\u2019s meeting of the Board of Regents of the University System of Georgia."}],"uid":"27281","created_gmt":"2015-05-19 15:02:43","changed_gmt":"2016-10-08 03:18:17","author":"Lisa Grovenstein","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2015-05-19T00:00:00-04:00","iso_date":"2015-05-19T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"hg_media":{"369771":{"id":"369771","type":"image","title":"Technology Square","body":null,"created":"1449245856","gmt_created":"2015-12-04 16:17:36","changed":"1475894380","gmt_changed":"2016-10-08 02:39:40","alt":"Technology Square","file":{"fid":"74970","name":"15c10400-p11-001.jpg","image_path":"\/sites\/default\/files\/images\/15c10400-p11-001.jpg","image_full_path":"http:\/\/hg.gatech.edu\/\/sites\/default\/files\/images\/15c10400-p11-001.jpg","mime":"image\/jpeg","size":695515,"path_740":"http:\/\/hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/images\/15c10400-p11-001.jpg?itok=N72_2xLC"}}},"media_ids":["369771"],"groups":[{"id":"1214","name":"News Room"}],"categories":[{"id":"129","name":"Institute and Campus"}],"keywords":[{"id":"208","name":"computing"},{"id":"3427","name":"High performance computing"},{"id":"702","name":"hpc"},{"id":"77221","name":"innovation ecosystem"},{"id":"126421","name":"Majeroni"},{"id":"171125","name":"Swant"},{"id":"2002","name":"Tech Square"},{"id":"3263","name":"technology square"}],"core_research_areas":[],"news_room_topics":[{"id":"71871","name":"Campus and Community"}],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003EJason Maderer\u003Cbr \/\u003ENational Media Relations\u003Cbr \/\u003E\u003Ca href=\u0022mailto:maderer@gatech.edu\u0022\u003Emaderer@gatech.edu\u003C\/a\u003E\u003C\/p\u003E","format":"limited_html"}],"email":["Jason.maderer@comm.gatech.edu"],"slides":[],"orientation":[],"userdata":""}}}