modern urban infill that anchors people, not just city blocks;
that retains context, history and experience, not just tenants;
and that creates culture and connection, not just ROI.
We are experienced professionals trained in an institutional setting, but we do things very differently, driving profits by cultivating strong communities and building assets that attract people and endure.
By identifying macroeconomic trends that impact the built environment, we pursue development opportunities that respond to inefficiencies in the market. Active in all major product types in both adaptive reuse and new construction, we engage in a deliberate value creation process to produce truly unique destinations and best-in-class results. We do it — successfully, passionately, and above all profitably – with the utmost respect for the communities in which we are building.
Our collaboration with property owners helps determine the best, most exciting, highest-concept use for their sites, and we then serve as consultant or developer-partner to make the project a reality. We provide a full suite of development services, from architecture and construction coordination to pro forma analysis and reporting; from vision and programming to debt and equity financing procurement, due diligence, marketing, leasing oversight and lease negotiation.
We provide a unique, hands-on approach to asset management, complementing the physical attraction of our assets with a creative positioning and programming platform. Our commitment to institutional-quality reporting means our partners can expect our projects to outperform their peer set long after the construction phase. Today’s real estate consumer desires a different kind of relationship with its landlord, and we engage with our tenants to help their businesses grow.
Think of us as “White Hat” real estate developers: system-breakers at work for the good of our industry and communities.
Capitalize on Reurbanization
Cities are the new frontier, and we intend to capitalize on a wave of demographic flows into urban environments that mirror the surburban expansion of decades past. We believe in the durability and outperformance of cities, the intellectual and cultural advantages of diverse populations, and strong Millennial preferences for them.
Bridge The Southeastern Gap
Traditionally, real estate in the South has centered around commodity development, sometimes at the expense of context and the history of the area. In other markets, modern urban infill projects generate highly sought-after spaces commanding premium rents, while maintaining a cultural connection and sense of place. Now, many up-and-coming properties in our region are finally getting the attention, upgrades and industry focus they deserve.
Create ROI Through QOL
Real estate that focuses on Quality of Life (QOL) outperforms in up markets and retains tenants in down markets. It creates connection, which turns prospects into tenants and tenants into long-term partners and homemakers.
Lower TuckLower Tuck is comprised of the adaptive re-use of 260,000 square feet of former distribution buildings in the up-and-coming west side of Charlotte, NC. The project is proximate to Uptown and sits within a commercial node that is surrounded by the Wesley Heights, Seversville and Enderly neighborhoods. These mid-century warehouses will be transformed into a fun mix of creative office spaces, dining and showroom concepts.Vist Lower Tuck site
Westside PaperWestside Paper is a 245,200 square foot mixed-use redevelopment of the former Atlanta Paper Company facility in West Midtown Atlanta. Located adjacent to a future Atlanta Beltline trail, the project will provide high-character adaptive reuse commercial space allowing direct access for tenants and an abundance of outdoor workspace. A primary focal point will deliver a unique retail and entertainment node surrounding a natural courtyard to anchor the project’s identity. Drawing design inspiration from adaptive reuse projects along New York’s High Line, the project will introduce an “overbuild” of new construction on top of the existing building that introduces contemporary design while preserving the industrial past of the existing structures.Vist Westside Paper site
FulcrumA pivotal moment has arrived in Orlando workspace. Fulcrum introduces groundbreaking, modern offices unlike any other in Downtown. Discover expansive floor plates, flexible meetings spaces, bike storage, social amenities - including coffee and collaborative lobby lounges - as well as modern industrial architectural elements throughout. Fulcrum is a catalyst for change, ushering in a new standard of creative workspace for innovative professionals.Vist Fulcrum site
Sylvan SupplySylvan Supply is an adaptive re-use development on Charlotte Avenue at the gateway to Nashville’s vibrant Sylvan Park. Since 1959, the collection of industrial style buildings had been home to Madison Mill, a maker of quality wood and steel products. Today, the vintage buildings are being transformed into 160,000 square feet of bright and modern creative office spaces, along with a carefully selected mix of retail and dining concepts.Vist Sylvan Supply site
Inland TractInland Tract is comprised of two former industrial buildings originally developed in 1964, and is located in the West Midtown submarket of Atlanta. It offers close proximity to Midtown, Downtown, Buckhead and the Downtown Connector, and easy access to West Midtown’s premier amenities, including TopGolf Midtown, the future Atlanta BeltLine Northwest trail and the new Star Provisions district. Due to its similar profile, building program and execution plan, it is effectively a ‘Phase II’ of COMPLEX West Midtown.Vist Inland Tract site
The Denham Building
The Denham BuildingThe Denham Building is the western anchor of Birmingham’s explosive urban growth in the vibrant Parkside District. Positioned alongside Good People Brewery, Regions Field, and beautiful Railroad Park, the Denham Building blends office, retail and upscale residential space with exceptional amenities to cultivate the perfect offering for businesses and young professionals eager to capture the energy of the revitalized west side of downtown Birmingham.Vist The Denham Building site
COMPLEXCOMPLEX is a reclaimed warehouse space in Atlanta that is setting a new standard for adaptive, sustainable re-use. Ideally situated in West Midtown, COMPLEX features extraordinary mixed-use opportunities for retail, new commerce, open floor office and warehouse designs, and multi-dimensional concepts for innovative businesses of every shape and size. The unique layouts invite creative concepts where the only limitation is your level of imagination.Vist COMPLEX site
Common GroundFeaturing door fronts and verandas overlooking the Eastside Trail of the Atlanta BeltLine, Common Ground is a reimagined grand warehouse with airy, well-lit corridors and a dynamic, contemporary feel throughout. Expansive tenant suites allow for ambitious retail and office concepts to engage visitors to the Atlanta BeltLine and the neighboring Historic Fourth Ward Park. With easy access to Ponce City Market and other nearby residential, retail and dining amenities, Common Ground promises an uncommonly great experience.Vist Common Ground site
StockyardsStockyards is the adaptive re-use of the last undeveloped historic buildings from Atlanta's Miller Union Stockyards area that fueled economic development in West Midtown in the early 1900’s. Developed by T&U partner Chris Faussemagne, the project focused on providing large floor plates for credit tenants who preferred non-CBD, highly amenitized urban infill offices over the glass towers that have dominated the Atlanta Class A office market. Excluding restaurant space, the current average tenant size is 24,000 square feet in the project. Stockyards delivered in 17 months and converted to permanent debt with PGIM in March 2018.Vist Stockyards site
Armour YardsBeyond brick walls and exposed ceilings, Armour Yards delivers a natural work environment where businesses thrive and people want to be. Drawing on influences from progressive loft office product in west coast markets, Armour Yards is characterized by its approachability, outdoor spaces and natural light. This once-sleepy industrial park in Atlanta has been transformed into a vibrant, mixed-use campus focused on a culture of wellness, idea sharing and quality of life.Vist Armour Yards site
1071 Howell Mill Road
1071 Howell Mill Road1071 Howell Mill Road is an acre parcel of property in West Midtown Atlanta that was purchased in 2012 by T&U partner Chris Faussemagne as a future development site. Strategically located across the street from the White Provision project on the corner of a proposed intersection and traffic signal, the development plan focused on lower density while the neighborhood continued to develop. Blue Pearl Animal Hospital (a subsidiary of Mars Corporation) and a local restauranteur currently occupy the property until 2024. Future development plans will be contemplated after two separate adjacent projects are constructed and stabilized. These projects represent $375 million of new development.
White ProvisionWhite Provision is a nationally recognized mixed-use adaptive re-use development in the West Midtown neighborhood of Atlanta that has served as a catalyst for surrounding redevelopment. The project was linked to an adjacent property over an existing rail line with a 141' pedestrian footbridge to create the Westside Provisions District. The project won multiple awards, including Development of Excellence from the Urban Land Institute and the Atlanta Regional Commission. The project’s retail component is leased to strong local and first-to-market national tenants, and the creative office space has maintained full occupancy since delivery in 2009. White Provisions is another development from T&U Partner Chris Faussemagne.
Pierce leads acquisitions and asset management efforts for Third & Urban, and oversees investor relations with the company’s partners. Additionally, he works directly with third party leasing and property management teams at the operational level.
Previously, Pierce served as Vice President at Jamestown, covering multiple East Coast markets and managing a range of value add and opportunistic projects across various product types. He began his career in the Institutional Investment Sales Group at CB Richard Ellis.
Pierce earned an MBA from Goizueta Business School at Emory University and a BA in Economics with a concentration in finance from the University of Virginia. He is actively involved with the Urban Land Institute, Big Brothers Big Sisters and the Atlanta Alumni Board for Woodberry Forest School. Pierce lives in Atlanta’s Garden Hills neighborhood with his wife, Emily and children Locke, and Livi, and Gaines.
Hank oversees development for Third & Urban, providing construction management and driving design and entitlement efforts. Additionally, he leads all development concepting and pricing for potential acquisitions.
Previously, Hank worked as a Development Manager at Jamestown, responsible for due diligence, feasibility analysis and project management for current and future development deals. Prior to Jamestown, Hank worked at both Morgan Stanley and Deloitte.
Hank holds a Masters in Accountancy from the University of Georgia. Hank is a CFA charterholder and a LEED Accredited Professional. He is a board member and past chair of the Atlanta Chapter of Ducks Unlimited and recently served on the Historic Fourth Ward Park Board. He and his wife, Christie, live in Morningside with their daughters Janie, Simms, and Saliie.
A native Atlantan and graduate of the Westminster Schools, Chris graduated in 1994 from Hampden-Sydney College in Virginia. He began his real estate career in 1998 with The Winter Group of Companies and then joined Weaver & Woodbery Company in 2000. In 2005, he formed White Provision Development Co. to acquire and develop the historic buildings at 14th Street and Howell Mill Road in West Midtown Atlanta into a 335,000 square foot mixed-use development that soon became a catalyst for new development in the area. Working with neighboring properties, Westside Provisions District was created to provide one of the Southeast’s top restaurant and retail destinations.
Chris joined Third & Urban in 2018 from Westbridge Realty Partners, which was formed in 2010 by the development partners of the White Provision Development Co. to continue focusing on adaptive re-use and urban infill projects as well as consulting on larger regional projects for institutional clients. In the fall of 2017, the company delivered a new historic adaptive re-use project in West Midtown called Stockyards, which has provided much needed office and entertainment space for the area.
Chris has won Development of Excellence awards from The Urban Land Institute (ULI), Atlanta Regional Commission, Atlanta Urban Design Commission and the Georgia Trust for Historic Preservation for projects he developed. He is on the board of Upper Westside Improvement District, ULI Atlanta, and serves on various land use committees. Chris lives in the Buckhead neighborhood with his wife Katie and their two boys.
Jon works across all facets of the company, including development, acquisitions and asset management. He leads financial analysis for potential acquisitions and assists with design, development execution, construction management and financing efforts. Within asset management, Jon works with asset managers, leasing teams and property management teams to create and implement business plans and budgets.
Prior to Third & Urban, Jon worked at Jamestown as an analyst in both the Development and Acquisitions groups. His responsibilities included financial analysis, due diligence, project management and assistance with financing activities.
Jon graduated with high honors from Goizueta Business School at Emory University, with concentrations in Finance and Real Estate. He is actively involved with Junior Achievement and serves as a mentor to a group of students at Benjamin Banneker High School.
Andrew's involvement at Third & Urban spans all aspects of real estate, including acquisitions, development and asset management. He applies his experience and education to excel in leading development execution, design and construction management, and facilitating financial analysis and underwriting.
Prior to Third & Urban, Andrew worked as a Project Manager at Leers Weinzapfel Associate Architects, an AIA Firm Award recipient and Architect Top 50 Design Firm winner, and interned with Pembroke Real Estate, a subsidiary of Fidelity Investments. His responsibilities at Leers Weinzapfel included construction administration, construction draw oversight, architectural drawing review and management during the construction documentation phase.
Andrew graduated from Harvard University with a Masters of Real Estate and was the President of the Harvard University Real Estate Development Club, one of the largest professional clubs on campus. Andrew completed his undergraduate education at Auburn University with a Bachelor of Architecture, Bachelor of Interior Architecture, and a Minor in Business. He and his wife, Claire, currently reside in Grant Park.
August 17, 2020
Third & Urban and FCP open Sylvan Supply, mixed-use project that overhauled former Charlotte Avenue factoryThis is the first Nashville project for Atlanta-based Third & Urban, which is scouting West Nashville for similar buildings in need of new life.
SOURCE: Nashville Business Journal
June 4, 2020
$80M adaptive-reuse project to transform west Charlotte warehouse properties into office, retail spaceAtlanta-based developer Third & Urban acquired several properties in the Seversville neighborhood and announced they would revamp the properties along Tuckaseegee Road and Gesco and Jay streets into 260,000 square feet of office, showroom and retail space.
SOURCE: Charlotte Business Journal
February 17, 2020
SOURCE: The Daily City - Orlando
Partnering with leading institutional investors including major banking institutions, asset managers and private equity funds, our portfolio features a range of value-add and redevelopment projects.