The first phase will include 40 townhouses with an average price tag of $250,000. Construction on the two and three bedroom units will start this fall with occupancy set for next summer.
Hines Corp. previously pulled out of the development as well as Post Properties. Post cited environmental issues. A third company, Mills Corp., also planned a retail development but also backed out last March.
Realty Development has committed $150 million to build 1,150 mid rise apartments and condos at Atlantic Station.
Jim Jacoby is developing the retail and entertainment component of Atlantic Station and has hired consultants and a design group for the retail elements.
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David Wilkening
David Wilkening began his long journalism career as a police reporter for Chicago-area newspapers. He became a writer-editor for major newspapers in Chicago, Washington, Detroit and Florida. He has been a business editor, political editor and travel editor for newspapers and magazines. He tried for a while to be a political operative but did better as an adjunct college professor teaching English and journalism. He is the author of several books, both ghost-written and under his own name. He is also a widely published freelance writer who currently lives in Orlando.
