A German industrial conglomerate is ready to change the landscape of The Battery Atlanta.

Thyssenkrupp Elevator Americas, one of the world’s largest elevator companies, announced Thursday a new, world-class headquarters will be built near The Battery and SunTrust Park in Cobb County, in collaboration with the Braves Development Company.

Last month, the Development Authority of Cobb County agreed to issue up to $264 million for the new building.

The thyssenkrupp Elevator Americas Complex will house more than 900 full-time employees, which represents approximately 6 percent of its total workforce across North America, the company said. That includes more than 650 new jobs to Georgia. Cobb Business Journal previously reported the jobs will have an average wage of about $100,000.

The new complex is expected to include three buildings anchored by a state-of-the-art, 420-foot-tall elevator qualification and test tower, the tallest of its kind in the U.S. Gensler is the design architect for the test tower. Construction on the Innovation Complex is set to start this fall and be completed by early 2022.

“This will be a beacon of innovation and quickly become an iconic structure that will reshape the Atlanta skyline,“ Rich Hussey, CEO of thyssenkrupp Elevator Americas, said in announcing the project to local elected officials, business leaders and reporters gathered at SunTrust Park’s Delta Sky360 Club. “[Atlanta] has a very vibrant economy, is home to several Fortune 100 companies and an emerging technology culture. … We needed an international hub. With Delta Air Lines here, it made the choice pretty easy.”

The Innovation Complex test tower will feature 18 shafts, which can be used to try new concepts and product pilots, including high-speed elevators, the two-cabins-per-shaft elevator system, TWIN, as well as the world’s first rope-less and sideways-moving elevator system, MULTI. The test tower will also test compliance for safety requirements on standard elevators.

The tower’s top two floors will be dedicated to event space, giving attendees panoramic views of the Atlanta skyline.

Thyssenkrupp said the corporate headquarters will be 155,000 square-feet and home to its executive team and corporate functions, engineering office and training facilities. The 80,000-square-foot business headquarters will house its shared service and administrative functions.

“People are moving to cities,” thyssenkrupp Elevator CEO Andreas Schierenbeck said. “If we want to keep pace, we have to build higher. … If you’re building higher, you need more elevators.”

Schierenbeck said the new test tower will be the company’s third laboratory for futuristic technologies. The other two are located in Germany and China.

Atlanta is already home to the first TWIN elevator system in North America, which features two cars arranged on top of each other operating independently in a single shaft. The new technology is being installed in the Coda Building at Georgia Tech with completion expected early in 2019.

“This new complex is going to be the crown jewel of Cobb County,” said Mike Plant, president and CEO of the Braves Development Company, which is developing the office tower. “We are thrilled to have a top company like thyssenkrupp join other businesses in and around SunTrust Park and The Battery Atlanta as the area continues to enjoy unprecedented growth.”

Gov. Nathan Deal got the ball rolling on the project two years ago during an economic development mission to Germany.

“This is the kickoff for another phase of the development of SunTrust Park and its surrounding facilities,” Deal said during Thursday’s announcement ceremony.

Thyssenkrupp Elevator Americas has more than 20,000 employees across the U.S., Canada, Central America and South America, and more than 230 branch and service locations.