High Performance Computing Center to Transform Tech Square
Thursday, May 19, 2016
CODA, a collaborative development anchored by a high-performance computing center and partially underwritten by $15 million in tax incentives approved by Invest Atlanta, will begin construction this year on a 2-acre site at Tech Square in Midtown Atlanta. It’s expected to open by the end of 2018.
The 755,000-sq. ft., $360-million mixed-use complex will bring together a critical mass of companies, technical experts, students, faculty and researchers to engage and interact in activities that include business incubation, high-level computing modeling and simulation, and technology innovation.
With the computing center at the core of the development, CODA is intended to be a laboratory that accelerates the growth of startup businesses and fosters research and development efforts to create leading-edge commercial and technical solutions.
CODA’s projected economic benefits are considerable: The Center is expected to create 2,400 jobs, and over a 20-year period it should deliver $449 million in aggregate direct, indirect and induced tax and fee revenue and have an overall economic impact of $813.8 million.
CODA “will solidify Georgia Tech and Atlanta as a place for startups, innovation and commercialization,” said Invest Atlanta CEO and President Dr. Eloisa Klementich at the recent project announcement ceremony, which was attended by Atlanta Mayor Kasim Reed, Georgia Tech President Dr. G.P. “Bud” Peterson, project architect John Portman, and Armbrish Baisiwala, CEO of Portman Holdings, the project developer.
Referring to the cluster of off-campus Tech students, hotel and conference centers, business headquarters, accelerators, startups and retailers that populate the Tech Square neighborhood, Klementich said that CODA would make the surrounding community “one in which companies collaborate, no longer working in silos, but reaching out to leverage all of these sources to ensure that they remain relevant and competitive.”
She went on to note that roughly 3,000 people now live and work in Tech Square “but by 2019, I would venture to say there will be over 12,000 people all linked together by a common goal of either inventing the next product, innovating the next technology or building the next business.”Tweet