Portman and National Real Estate Advisors Announce Topping Out of Sora at Spring Quarter in Midtown

The 30-story, 370-unit luxury residential tower will feature vibrant ground-floor retail and an unmatched tenant amenity package 

ATLANTA (April 20, 2023) – Perched atop the highest natural point in Atlanta’s Midtown neighborhood, the residential tower within the Spring Quarter mixed-use development has reached its highest point. On April 28, national developer Portman and National Real Estate Advisors (National) will celebrate the topping out of Sora at Spring Quarter (Sora), a highly amenitized, 30-story luxury residential tower nestled in the western edge of Midtown Proper. Pre-leasing at Sora will open in May, with the first units delivering later this summer.

Sora will include 370 luxury residential units and nearly 11,000 square feet of street-level retail. The tower emphasizes state-of-the-art and above-market amenities including Atlanta’s first residential infrared sauna, multiple fitness centers equipped with a climbing wall, golf simulators and outdoor lawn areas, party rooms, coworking spaces, a pet run and spa and a media room with top-tier speakers designed for listening to records. Additionally, Sora will feature a resort-style pool, a sky lounge overlooking the city, and various retail concepts along the ground floor. A paseo on the northern edge connects the tower with the historic H.M. Patterson & Sons-Spring Hill Chapel (The Patterson), which Portman is reimagining into a day-to-night retail destination for the mixed-use community.

“We are eager to bring our first residential project in Atlanta to Midtown and create a destination that blends seamlessly with the neighborhood,” said Brittani Sanders, vice president of development at Portman. “We saw a unique opportunity to preserve the rich history of The Patterson and create a community-centric campus that prioritizes the resident experience through top-of-the-line amenities and best-in-class retail. Sora’s tenant package is unlike any other in the city, and we look forward to welcoming residents into the space later this year.”

Located at the corner of Spring Street and 10th Street NW, Sora marks the first phase of Portman’s larger Spring Quarter mixed-use development, which nearly encompasses a full city block. With The Patterson as its anchor, the project will also include 1020 Spring, a 525,000-square-foot, Class A office tower and a total of 40,000 square feet of retail. Preservation of The Patterson is already underway and 1020 Spring broke ground in April 2022, with the entire project delivering Q3 2024.

Portman is developing Sora in partnership with National, an investment manager specializing in developing, operating and managing commercial real estate projects across the United States. The building is designed by Atlanta-based architect Cooper Carry, with interior finishes handled by Fogarty Finger.

“We are thrilled to reach this important milestone in the construction of our Midtown project, which wouldn’t have been possible without the tireless efforts of our skilled and dedicated workforce,” said Jeffrey Kanne, President and CEO of National Real Estate Advisors. “We are proud to have created hundreds of jobs within the community, and we look forward to continuing to work with our partners at Portman to build a high-quality living option that will be a true asset to the neighborhood.”

To learn more about the project, visit www.springquarteratl.com.

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About Portman:

Founded by famed architect John Portman in the 1950s, Portman is a privately owned national real estate investment, development and management firm focused on delivering premier quality office, hospitality, residential, industrial, and mixed-use projects prioritizing occupant experience through first class execution. The diversified, full-service company has developed over 72 million square feet of landmark real estate assets and currently has over 27 projects in development throughout eleven markets across the country employing an unequaled pedigree of experience, industry knowledge, and commitment to excellence. Portman has established a successful global network and has a proven track record with the world’s top financial institutions. Teams in the company’s national offices seamlessly connect to develop, finance, and manage a diverse portfolio in the key strategic and emerging markets throughout the US. Portman Holdings continues to achieve success through investor, partner and client relationships that deliver exceptional real estate assets and innovative, experiential places.

About National Real Estate Advisors

National Real Estate Advisors, LLC (National) is an investment manager developing, operating, and managing commercial real estate projects across the United States. National is focused on environmental sustainability, social responsibility, and strong governance practices which seek to create value for investors and benefit local communities. Founded in 2000, the firm constructs investment portfolios of diverse property assets—apartment, office, mixed-use, medical/healthcare, industrial (including data centers), and hospitality. National is an independently operated subsidiary of the National Electrical Benefit Fund (“NEBF”), a pension trust with assets that are managed by National on a discretionary basis. For more information, please visit www.natadvisors.com.

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