Friday, November 1, 2013

Downtown's historic Olympia building - the one with iconic Coca-Cola sign - finds a buyer

Posted By on Fri, Nov 1, 2013 at 1:50 PM

What does the future hold for the landmark Downtown building?
  • State Properties Commission
  • What does the future hold for the landmark Downtown building?
Downtown's historic Olympia Building near Woodruff Park, which the state has been trying to sell for several years, has found a buyer.

A spokesman for the Georgia Building Authority, which owned the landmark building, confirmed that the Olympia was purchased for $2.2 million by company called CSH-23 Peachtree LLC. According to the Georgia secretary of state's office, the company shares addresses and executives with Encore Real Estate, which has offices in Atlanta and Tampa.

The wedge-shaped, two-story Depression-era structure designed by famed Atlanta architects Ivey and Crook has been on the block, and then off the block, and then up for sale again since 2012. It's got some history.

We've heard various rumors about the project - potentially a drug store? - but haven't been able to confirm any details. Calls to Encore about its plans and Coca-Cola about the future of its sign that sits on top of the building have not been returned.

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