The owner of Underground Atlanta has his sights set on a multi-million dollar development — above ground. Shaneel Lalani, owner of Underground Atlanta and Lalani Ventures and Exact Capital Group, is pursuing a 30-story mixed-use tower that will include roughly 400 units of affordable housing.

The Georgia-Pacific office tower, the pink-granite pillar in the Downtown skyline, could bring much-needed residents to a pocket of Peachtree Street dominated by offices and hotels. Why it matters: The paper-towels-and-everything-else company's plan to turn the upper floors of its 51-story building into more than 400 apartments is a high-profile rethink of Atlanta office spaces in a post-pandemic world.

Georgia-Pacific said it will transform its iconic 51-story downtown Atlanta headquarters into a mixed-use development. The project will include 400+ high-rise apartments, offices, and a 35,000-square-foot plaza.