The estimated hard construction cost of the entire 10-year project will be at least $1.5 billion, construction industry estimators following the undertaking tell GlobeSt.com.
The addition of the new design team comes just as Atlantic Station loses one of its original development partners, Mills Corp. Houston-based Hines Interests Inc. and locally based Post Properties Inc. were the first to leave the project after its debut in 1998.
The mixed-use commercial development at the former Atlantic Steel site at 16th Street and Mecaslin Avenue is a joint venture of Jacoby Development Inc. and AID Global Real Estate Investment Corp. It will encompass high-rise/mid-rise office space; retail/entertainment; integrated retail and single-family housing.
Atlantic Station, the McGarey Group and Jacoby will merchandise and lease the project. Martin, Mantle and Bignon will help market the retail, restaurant and entertainment agreements for the center.
Development Design Group has completed Easton Town Center; a neo-traditional community in Columbus, Ohio; Newport on the Levee near Cincinnati; and Cocowalk in Coconut Grove, Fla.
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