Atlanta developer Paces Properties has announced a partnership with Bunkhouse, an Austin-based hotel company created by Liz Lambert, to work on an adaptive redevelopment in Atlanta.
According to a press release from Paces Properties, the developer acquired a 3.5-acre parcel in the Piedmont Heights area of Atlanta, which houses an Intown Suites hotel, in July of 2016. The project will involve the relocation of long-term tenants at the property.
“We could not be more thrilled to not only partner with the highly-respected Liz Lambert and her incredible Bunkhouse team, but even more so to bring a true lifestyle hotel to the Atlanta market,” David Cochran, CEO and President of Paces Properties, said. “We have envisioned filling this gap for some time and look forward to working with Bunkhouse, as they continue to expand to other markets outside of Texas.”
The 1960s mid-century modern hotel will feature 162 rooms operated by Austin-based Bunkhouse and 48 commercial studios operated by Paces Properties in conjunction with Bunkhouse.
Inspired by similar adaptive reuse properties in Austin, San Francisco, Los Angeles and Portland, the hotel will cater toward creative professionals, food and music connoisseurs and corporate business travelers.
“Bunkhouse is really excited to come to Atlanta,” Lambert said. “It’s an amazing, dynamic city and we look forward to immersing ourselves in the community here. It’s a rare opportunity to get to reinvent a classic mid-century motor court hotel – there aren’t many left in the country – and we can’t imagine a better partner in the project than the Paces team.”
The boutique-style hotel will be a “destination in a highly underserved area,” the release said.
Additionally, Paces Properties partnered with Action Ministries help transition long-term tenants of the Intown Suites to new homes in early 2018.
“We’re very excited about the redevelopment of the Intown Suites and the positive changes we expect to occur in the immediate surroundings and neighborhoods,” Merritt Lancaster, Principal of Paces Properties, said. “By partnering with Action Ministries, our goal is to ensure that our project will result in no additions to the number of homeless men, women, and children in Atlanta.”
The hotel, which has yet to be named, will begin construction in the second quarter of 2018, with a projected opening in 2019.