The Georgia Institute of Technology and Portman announced the collaborative building that would be home to Georgia Tech's Tech Square.

The building stands in an approximately 750,000-square-foot area, where 620,000 square feet will be used as office space. Have of the allotted space for office will be used by Georgia Tech.

"With Georgia Tech as the anchor tenant, the high-performance computing center's interdisciplinary, collaborative environment will enhance Tech Square's positive impact in Midtown Atlanta, bringing together people in a mixed-use community of innovation, education and intelligent exchange," said Georgia Tech President G.P. "Bud" Peterson. "In 12 short years, Tech Square has become the Southeast's premier innovation neighborhood."

"The Portman team is honored to bring to life the vision for this mixed-use property at Tech Square, unlike anything else in the southeastern United States," said Ambrish Baisiwala, CEO of Portman Holdings. "We're excited to develop Coda -- encompassing collaborative office space, co-working and research facilities, a high-performance computing center and interactive community space, collectively enhancing the innovation ecosystem created by Georgia Tech and Midtown."

According to GA Tech, the coda will serve as a representation of Georgia Tech's Technology Square next phase. The Technology Square is considered to be the most sought-after place for technology- and science-based companies.

The Coda, which has a planning-stage name of High Performance Computing Center, will have 21 stories. It is expected to break ground this November and be completed by 2019. The building, which is L-shaped, will be the new abode for about 2,400 office workers. The planning stage began in 2003.

"The whole theme behind this project is to create an environment for collaboration to get people out of their silos," said Travis Garland, Portman's director of leasing on the project. "It's definitively one-of-a-kind in the Southeast and probably one-of-a-kind across the country."

The Tech Square will also become home to hotels, conference centers, a business school, and student housing, Charlotte Observer reports.