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' ^ BUSINESS BRIEFS
The Boston Consulting Group
(BCG), a global management and
consulting firm, will create more than
200 jobs and invest $9.2 million in a new
regional support
center in Atlanta.
The new jobs will
include highly
skilled positions
in creative
visual services,
finance, client
and business
support, legal and
information technology and other areas.
BCG expects to create more than 500
jobs over the next 10 years with this new
facility, according to a media statement.
The new support center, which is to be
located in a building yet-to-be-named
in Downtown Atlanta, will consolidate
and expand operational functions in
support of BCG’s North American and
global businesses. The Atlanta Business
Chronicle reported the center could land
at the Equitable Building.
The Woodruff
Arts Center has
announced that
Doug Shipman
has been named
President and
Chief Executive
Officer, effective
July 18. Shipman
was the founding CEO for the National
Center for Civil and Eluman Rights. Tie
succeeds Virginia Elepner, who is retiring
from the position after five very successful
years leading the Midtown arts center,
home to the Alliance Theatre, the Atlanta
Symphony Orchestra and the Eligh
Museum of Art.
The Stockyards development in
West Midtown has landed a 19,000
square-foot lease with New York-based
co-working provider, Industrious. The
co-working company joins Fitzgerald
and Co. and Momentum Worldwide,
both owned by InterPublic Group;
Mannington Mills Inc., and Donetto, a
new restaurant concept from The Indigo
Road. The Painted Duck, a sister concept
to the Painted Pin in Buckhead, signed a
24,500 square foot lease. Both Donetto
and The Painted Duck plan to open later
this summer. Stockyards occupies three
acres on the corner of 10th Street and
Brady Avenue in West Midtown, Atlanta.
The tract is one of the last remaining
pieces of Atlanta’s historic industrial
core. Stockyards, a joint venture between
Federal Capital Partners and Westbridge,
is adapting three historic warehouses
into a 142,500 square-foot mixed-
use project. The development is now
75 percent pre-leased ahead of the
completion of phase one, which will
be delivered later this summer.
The Ellis Hotel in Downtown
has completed a $2 million
renovation project. Along with
updates to the 127 guest rooms, the
boutique hotel also refreshed the
patio for the Terrace Bistro, added a
new fitness center, redesigned lobby
and new awnings on the Peachtree
and Ellis Street sides of the historic
building.
Shipt, a new grocery delivery
company that recently raised $40 million
in funding, has expanded to Atlanta.
Shipt will deliver grocery and household
items from local Publix and Kroger
supermarkets directly to your kitchen
counter. For more information, visit
shipt.com/atlanta.
Private Bank of Buckhead has
appointed Robert B. Aland as Atlanta
Market President. Aland most recently
served as Birmingham Market President
for National Bank of Commerce,
and takes the helm at Private Bank of
Buckhead from Charles B. (Charlie)
Crawford, Jr., who is departing to take
on the task of helping a Philadelphia
community bank recapitalize and grow.
Kroger’s Atlanta Division donated
$5,000 in gift cards to Lost-N-Found
Youth, the nonprofit that provides
shelter, food, services and helps young
adults find permanent housing. The
donation was made in observance of Pride
Month in June.
Stackfolio, one of the ventures
at TechSquare Labs in Midtown,
was selected as the Judges’ Choice at
Google’s Demo Day, a pitch event
featuring startups from Canada, Mexico
and the U.S. Stackfolio is an online
marketplace for loan trading, powered
by a data research platform. In just
over six months, more than 450 banks
have signed up for the marketplace and
platform. As part of Stackfolio’s winnings
from Demo Day, Tech Square Ventures’
Allen Nance has committed an additional
$150,000 in funding to the company,
and entrepreneur Steve Case has also
committed to fund 20 percent Stackfolio’s
upcoming Seed Round. 03
BCG
TIje Boston Consulting Group
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AtlantalNtownPaper.com
July 2017 I iNtown 21