Atlanta, September 19, 2025
News Summary
Midtown Atlanta’s Cheetah Lounge, a longstanding gentlemen’s club, will soon close as developers Core Spaces and Capstone Communities plan a new student housing high-rise. This 24-story tower will provide over 1,600 beds along with retail space and amenities tailored for students, with completion expected by 2029. While the new development promises to enhance pedestrian experiences, it raises concerns about lost nightlife and increased traffic in the area.
Atlanta – Midtown Atlanta’s Cheetah Lounge, a gentlemen’s club established in the 1970s, will soon be closing its doors to make way for a new student housing high-rise. This development is being spearheaded by developers Core Spaces and Capstone Communities, who are collaborating to construct the new mixed-use property near Georgia Tech.
The proposed project will consist of a 24-story tower that will accommodate over 1,600 beds and feature 5,000 square feet of retail space. Atlanta-based Dwell Design Studio has been chosen as the architect for the project, which is designed to include a modern glass-fronted building with living spaces specifically tailored for students. Additionally, a third-floor amenity deck is planned as part of the building’s offerings.
The new development is projected to be completed in 2029. It aims to transform what is one of the last major undeveloped sites in Midtown into a vibrant space that is pedestrian-oriented and conducive to student living. The shift towards providing more housing options in the area, particularly for Georgia Tech students, is a significant step in addressing the ongoing need for student accommodations in Midtown.
While many local students welcome the new housing options, there are also concerns regarding increased traffic and the loss of Cheetah Lounge, which has been recognized as a notable nightlife destination in Atlanta. Recently, an incident at the lounge heightened safety concerns for nearby residents, adding to the complexity of the closure.
The mixed-use development is designed to enhance the pedestrian experience in Midtown, activating street-level retail that will help create a lively community atmosphere. The first phase of the project will be led by Core Spaces, while Capstone Communities will contribute to subsequent phases of development.
This initiative emphasizes the ongoing growth and transformation of Midtown Atlanta, aligning with the need for increased housing solutions as the student population continues to expand.
Key Features of the New Development
- Location: Near Georgia Tech, Midtown Atlanta
- Tall Structure: 24-story tower
- Capacity: More than 1,600 beds
- Retail Space: 5,000 square feet
- Architect: Dwell Design Studio
- Completion Year: 2029
- Amenities: Includes a third-floor amenity deck
FAQ
What is happening to Cheetah Lounge in Midtown Atlanta?
Midtown Atlanta’s Cheetah Lounge will be closing to make way for a new student housing high-rise.
Who are the developers of the new project?
Developers Core Spaces and Capstone Communities are partnering for the new project.
What are the key features of the new development?
The new mixed-use development will consist of a 24-story tower featuring more than 1,600 beds and 5,000 square feet of retail space.
When is the project expected to be completed?
The project is expected to be completed in 2029.
Deeper Dive: News & Info About This Topic
HERE Resources
Atlanta Public Schools Launch Initiative to Combat Absenteeism
The Mitchell Residential Tower Opens at Centennial Yards
Support Grows for Truancy Intervention Project in Atlanta
Trial for Father in Tragic High School Shooting Set to Begin
Statesboro Economic Growth Driven by Georgia Southern University
Combating Chronic Absenteeism in Atlanta Schools
Atlanta Dream Partners with Georgia Power for Community Empowerment
OA Development Expands Atlanta Office Portfolio with New Acquisition
New DREAMS Scholarship Launches for Georgia Students
Weekend Violence in Southwest Atlanta: Three Shot
Additional Resources
- WSBTV: Georgia Tech’s New Housing Development
- Wikipedia: Housing
- Atlanta News First: Cheetah Lounge Replacement
- Google Search: Student Housing Atlanta
- GSL Global: Posh Student Housing Tower
- Google Scholar: Midtown Atlanta Development
- CoStar: Atlanta Strip Club Redevelopment
- Encyclopedia Britannica: Urban Development
- Rebusiness Online: Core Spaces and Capstone Communities
- Google News: Cheetah Lounge Atlanta
Author: STAFF HERE ATLANTA WRITER
The ATLANTA STAFF WRITER represents the experienced team at HEREAtlanta.com, your go-to source for actionable local news and information in Atlanta, Fulton County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as vibrant music festivals like Shaky Knees and Music Midtown, major cultural celebrations including Dragon Con and the Atlanta Film Festival, and iconic sporting events like the Peachtree Road Race. Our coverage extends to key organizations like the Metro Atlanta Chamber of Commerce and the Atlanta Convention & Visitors Bureau, plus leading businesses in logistics, beverages, and retail that power the local economy such as Delta Air Lines, The Coca-Cola Company, and The Home Depot. As part of the broader HERE network, including HEREAugusta.com and HERESavannah.com, we provide comprehensive, credible insights into Georgia's dynamic landscape.
