The Georgia Tech Foundation, Inc. (GTF) has reached an agreement to purchase the historic Biltmore on West Peachtree Street in Midtown Atlanta from an affiliate of Novare Group.

The building, which has approximately 290,000 square feet of loft office, retail and ballroom space, is directly across West Peachtree Street from Technology Square, a multi-block part of the Georgia Tech campus that is home to the Scheller College of Business, the Georgia Tech Hotel and Conference Center, the Georgia Tech Global Learning Center, the Advanced Technology Development Center, and the to-be-developed High Performance Computing Center, now known as “Coda.” The Georgia Tech Foundation has worked with Georgia Tech over the past 15 years to develop Technology Square.

Link to AJC story: http://www.ajc.com/news/news/local/georgia-tech-foundation-to-acquire-midtowns-histor/nrfcD/

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