Grove Street Partners to Develop 1.1M-SF Mixed-Use near Atlanta Airport
January 23, 2007
By Tom Dworetzky, News Editor
The City of College Park, Ga., and master developer Grove Street Partners are moving forward on a $230 million mixed-use project adjacent to the Georgia International Convention Center at the Gateway Center less than a mile from Hartsfield-Jackson Atlanta International Airport. The development will have approximately 1.1 million square feet of office, retail and hotel space.
Gateway Center will be the first stop on the airport's expanded automated people mover system, which is currently under construction and marks the first expansion of the airport's internal transit system outside of Hartsfield-Jackson. "Mixed-use development at the Gateway Center brings new hotel, office and retail amenities to an area, College Park and south metro Atlanta, that to date has been underserved,". We have been working on it since May 2006," Kevin Kern, president of Grove Street Partners, told CPN. "I think the location of this property and its connectivity to the airport will really give this project the opportunity to be the best piece of real estate in the airport market."
The development is in keeping with the latest thinking in airport-area design, an idea that promotes the creation of an "aerotropolis," which has higher-density, mixed-use development surrounding high-capacity airports. Kern explained that his firm's approach is in keeping with this new thinking. "Not only does (our development) allow business customers to have access to quality hotels in the airport area, but it allows out of town business groups to come into town and have an opportunity for Class A office space right at the airport--without going into town," he observed.
Gateway Center's master plan calls for a 400-room headquarters hotel and an additional 150-room suites hotel. The hotels' flag will be announced once negotiations are finalized, and both hotels are expected to open in the first quarter of 2009.
Additionally, Grove Street will develop four Class-A office buildings totaling 468,000 square feet. The first office building is a five-story development totaling 135,000 square feet, and will begin construction upon significant preleasing. Gateway Center also will include retail development and restaurant outparcels totaling more than 75,000 square feet.
The new mixed-use development complements the GICC, which opened in 2004 and offers Georgia's newest and most technologically advanced meeting space, as well as the largest ballroom in the state at 40,000 square feet.
For the Gateway mixed-use development, Grove Street has assembled an a team to design, build and manage the project, including Smallwood, Reynolds, Stewart, Stewart & Associates and Goode Van Slyke Architecture, who designed the development. Skanska and C.W. Moody Construction Co. will serve as general contractors. MHR International and Boyken International will serve as project manager, and MHR's Mike Ross will also be a partner in the new development.
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