ATLANTA-Cobb County commissioners have approved two side-by-side mixed-use developments totaling one million sf and valued at an estimated $600 million, county staffers confirm for GlobeSt.com. The projects, T.I. Riverwood and Regent Riverwood, are part of a development surge in the Cumberland-Galleria area of southeast Cobb County where a total 1.5 million sf of new office, 87,500 sf of retail, 4,315 condominium homes and 880 townhomes are planned.
T.I. Riverwood proposes 646 high-rise condos and 34,000 sf of retail, restaurant and office space along Riverwood Parkway and Cumberland Boulevard. Regent Riverwood would have 210 condominium homes, 21,500 sf of bank and restaurant space, 500,000 sf of high-rise office product and an eight-story hotel.
Already under way in south Cobb County are Trammell Crow Co.'s nine-story, 172-unit condo community on Mount Wilkinson in suburban Vinings, with an estimated hard construction cost of $18 million; Pacific Group's 1,000-home, mixed-use community at Atlanta Road at an estimated hard construction cost of $100 million; and B.F. Saul's 18-story, 1,500-residences in a mixed-use development at Circle 75 with an estimated construction cost of $150 million.
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