Posted Apr 17, 2016, 7:06 AM
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Registered User
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Join Date: Jun 2014
Posts: 147
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Originally Posted by jsvh
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It's actually the empty land directly adjacent to Porsche, next to where the Solis Hotel is being built.
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Main Street Partner Group LLC... could announce a deal with a joint developer in coming weeks.
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At slightly more than 30 acres, the site in Hapeville along Porsche Avenue, Airport Loop Road and interstates 75 and 85 signals how more developers are turning to infill sites south of Interstate 20, after years of focusing mostly along and north of the Atlanta Perimeter.
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This month, Capella Hotel Group began construction on a 214-room hotel next to the Porsche Experience Center. The hotel, which features the luxury hotel brand Solís, will have restaurants, bars, and 6,500 square feet of event space, including a 3,600-square-foot ballroom.
The proposed town center is adjacent to the new hotel. It’s also surrounded by other new developments, including the planned mixed-use project that would include a four-star hotel at Hartsfield-Jackson.
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The project would take shape in two phases. First would be a 17-acre development that would include at least 50,000 square feet of retail, such as a boutique grocer and restaurants.
Another component is at least one new office building, where the developer and its broker say they can sell potential tenants on features including strong visibility along interstates 75 and 85.
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Main Street doesn’t have construction financing yet. It has entered advanced discussions with a master developer. Talks are also entering the final stages with apartment developers, said Bill O’Brien, with Main Street.
Up to 600 apartments and townhomes are planned on the site, he said. In all, the 30-acre town center could take shape over the next several years.
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The first phase of the project, Golden said, could be finished in 18 to 24 months.
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