BusinessFeatures

The Sky’s the Limit for Atlanta’s Multimillion-Dollar Projects

Whether you’re driving or flying into metro Atlanta, it’s almost impossible not to notice the continued growth, specifically when it comes to construction. A number of multimillion-dollar projects are currently underway, including professional athletic stadiums, housing developments, retail centers, transportation improvements and much more.

Improving the area’s infrastructure is important because it shows that the residents are investing in the future of their communities. For example, in Gwinnett County’s Lilburn, Public Relations Manager Nikki Perry says they are creating opportunities for economic development that will transform an area called Old Town into something new. “Last year, the realignment of Main Street opened up new ground for development, while utility upgrades and sidewalks enhanced the value of the newly available property,” she says. “The Lilburn City Hall/Gwinnett County Library Branch will be a springboard for private development on surrounding acreage. A mix of retail and housing is planned on the 7.7 acres across Main Street from the new government building, and more sites are ready for redevelopment.”

Such developments are also helping improve the quality of life in metro Atlanta. The Northwest Corridor Express Lanes Project, a nearly $1 billion road construction project in Cobb and Cherokee counties, will offer drivers and transit customers additional travel options to bypass traffic and provide a more reliable trip time. Adia Harris with Northwest Express Roadbuilders says motorists will have the choice to use the express lanes when needed. “The Northwest Corridor Express Lanes will be a part of a larger Georgia Express Lanes system geared toward improving connectivity and mobility in the region for commuters and transit riders, as well as bringing economic benefit to the Atlanta area and the entire state,” Harris adds.

Park Center in Dunwoody is being built to help State Farm continue to meet the needs of its customers wherever they are. “Our business and facilities strategies are an important part of us accomplishing these goals. We have selected the Atlanta metro area because of the benefits it provides to our organization, current and future employees and our customers,” says Justin Tomczak, State Farm spokesperson. “We know this area is growing and vibrant, and we can attract and retain top talent here — talent that ensures State Farm will continue to help customers manage the risks of everyday life, recover from the unexpected and realize their dreams. We were drawn to this area because we know we can attract and retain talented employees who will provide excellent service to our customers.”

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Mercedes-Benz Stadium

Construction began: May 2014
Construction completion: June 2017
Total cost: $1.4B

Built on approximately 29 acres of land, the new home of the Atlanta Falcons is located directly south of the current Georgia Dome. At 1.9 million square feet, it rises 30 stories into the sky reaching a height of 305 feet, and the northernmost exterior wall of the stadium will stand just 84 feet from the building it will replace. Other features will include a roof that can open or close in seven minutes, a 100-yard bar and wider concourses. It will also be home to the 2020 NCAA Men’s Final Four tournament, as well as a 2018 College Football Playoff Championship and currently has a bid for the 2019 Super Bowl.

SunTrust Park Rendering

SunTrust Park

Construction began: September 2014
Construction completion: April 2017
Total cost: $1.1B

The new home of the Atlanta Braves in Cobb County will include a Major League Baseball ballpark with a new multi-use development and community. SunTrust Park will not only offer the game, but just outside its gates, guests will be able to enjoy restaurants, shops, offices, a hotel and residential spaces that will directly connect to the ballpark.

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Solis Hotel

Construction began: March 2016
Construction completion: 2017
Total cost: Not available

Swiss real estate investment company ACRON has tapped Capella Hotel Group to introduce and manage the Solis Hotel at Two Porsche Drive, located immediately adjacent to the Porsche Experience Center in Hapeville. The hotel will include 214 guest rooms and signature suites; restaurants and bars, 6,500 square feet of event space, including a 3,600-square-foot ballroom, and a rooftop lounge with panoramic views of the Porsche handling course.

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Atlanta BeltLine Westside Trail

Construction began: November 2014
Construction completion: Fall 2017
Total cost: $43M

A 3-mile corridor to be developed on the Atlanta BeltLine’s southwest side, the Westside Trail will run from University Avenue in Adair Park north to Lena Avenue at Washington Park. For a half mile along White Street, the trail will use the existing West End Trail. The project includes a 14-foot wide multi-use trail, 14 points of entry (11 will be ADA-accessible), greenway and preservation for future transit.

Interstate 75 South Metro Express Lanes Project

Construction began: October 2014
Construction completion:
January 2017
Total cost: $200M

The I-75 South Metro Express Lanes project will add two toll lanes along I-75 south of Atlanta in Clayton and Henry counties. The project corridor extends 12 miles, from SR 155/McDonough Road to SR 138/Stockbridge Hwy, and the new lanes will be managed by dynamic-priced tolling. To maximize benefits for all travelers, the express lanes will be reversible, operating northbound in the morning peak period and southbound in the mid-day, afternoon peak and evening periods.

Atlanta Metro Studios

Construction began: August 2015
Construction completion: March 2016
Total cost: $6.6M

404 Studio Partners is developing this film and television studio facility in Union City, totaling 240,000 square feet on 25 acres, which includes 130,000 square feet of sound stages, 60,000 square feet of office space and 50,000 square feet of construction and flex space. 404 has joined with Clayton State University to provide hands-on training for stage and production employees, in addition to partnering with Banneker High School as the school develops a state-of-the-art film and production training facility on campus.

State Farm’s Park Center

Construction began: May 2014
Construction completion: Employees will begin moving into Park Center in late 2016
Total cost: not available

The 17-acre development in Dunwoody is being built on the existing Hammond Exchange Operations Center and the adjacent 3.9-acre sites. Once completed, it will have the potential for up to 2 million square feet of office space and 100,000 square feet of retail, restaurant and entertainment space. State Farm plans to lease approximately 585,000 square feet of office space, and total occupancy will be determined by business needs.

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City Springs

Construction began: 2015
Construction completion: expected late 2017
Total cost: $220M (public portion of the project)

The city center project in Sandy Springs is a public-private collaboration between the city and its private business partner, Carter-Selig. After incorporating 10 years ago, the community desired a city center rich in amenities. In 2012, the Sandy Springs City Council approved a master plan to construct City Springs. The 14-acre project is expected to feature a performing arts center, studio theater, meeting space, a public park, residential and retail spaces and civic offices.

Lilburn City Hall Rendering May 2015

Lilburn City Hall/Gwinnett County Library Branch

Construction began:
June 2015
Construction completion: estimated October 2016
Total cost: $11.3 million

The project is the first joint city-county building in Gwinnett on five acres at the corner of Main Street and Church Street in Lilburn. City Hall will occupy 24,927 square feet of space in the building, while the library will take up another 18,864 square feet. The remaining 5,217 square feet will be used for shared community and support spaces. This will double the space of the existing Lilburn library branch, allowing for new programming and services. The new building will also allow city administrative staff to occupy one building, which will improve customer service.

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Northwest Corridor Express Lanes Project

Construction began: October 2014
Construction completion: June 2018
Total cost: $834M

This project will add 29.7 miles of barrier-separated reversible toll lanes along Interstate 75 from Akers Mill Road in Cobb County to Hickory Grove Road in Cherokee County, and along Interstate 575 from I-75 to Sixes Road. The lanes will be managed by dynamic priced tolling with cost rising as demand increases during peak travel times and falling during off-peak travel times. To maximize benefit for all travelers of the corridor, these express lanes will be reversible operating southbound in the morning and northbound in the evening.

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Housing Developments

Construction began:
Fall 2014
Construction completion: 2017
Total cost: $158M

More than 1,000 units have been approved by the City of Duluth with 639 currently under construction. Market demand for a suburban environment investing in urban-style amenities is propelling interest, so in an effort to move this vision forward, Duluth has defined itself as “subURBANcool.” Housing projects include Rivers Edge at Abbotts Bridge, The Glen at Cresswell, Highlands at Duluth, The Glens at Sugarloaf and The Heights at Sugarloaf.

Avalon

Avalon

Construction began: Phase I, January 2013; Phase II, Fall 2015
Construction completion: Phase 1, October 2014; Phase II, Spring 2017
Total cost: $600M

This 86-acre mixed-use development includes retail, dining, entertainment, office and residential space in Alpharetta. In October 2014, Avalon opened with 365,000 square feet of best-in-class retail, 105,000 square feet of Class An office space, 250 luxury multifamily residences and 101 single-family homes. Avalon Phase II will feature an additional 88,000 square feet of street-level retail, 276 amenity-rich multifamily residences, a 250,000-square-foot Class-A office tower, a 330-room Autograph Collection hotel and the 74,000-square-foot Alpharetta Conference Center.

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