The Georgia Institute of Technology’s Midtown footprint is projecting to become even more robust in coming years.

The school last week announced that Tech Square—an evolving, multifaceted project enveloped by 8th Street on the north, 3rd Street on the south, West Peachtree Street to the east, and Williams Street to the west—is primed for the third phase of development.

The estimated $200 million Phase III will likely begin with the development of a two-tower complex that is expected to host programming for graduate and executive education at the Ernest Scheller Jr. College of Business and the H. Milton Stewart School of Industrial and Systems Engineering.

The upcoming development is also expected to host street-level retail and an underground parking deck.

The Board of Regents of the University System of Georgia voted last week to include $4.3 million for planning and design of the project in its 2020 budget recommendation, according to the Georgia Tech News Center release.

If the recommendation is approved during the 2019 legislative session, those funds would help Georgia Tech further flesh out its development plans beginning in July next year.

This new Tech Square project comes to light as a trio of John Portman and Associates office projects develop along West Peachtree.

One of them, an office tower dubbed Coda, completed vertical construction earlier this month. Next door, a delay has put the neighboring Anthem project on track for a March 2020 delivery date.

A timeline for the newest of the three, at 712 West Peachtree, has not been revealed.