Halpern officials couldn't be reached by GlobeSt.com'spublication deadline to learn the estimated development cost of thenew projects. However, area construction sources familiar withcomparable jobs tell GlobeSt.com. the hard construction cost willbe at least $50 million.

Once known as the largest shopping center in the South, thediscount-focused Smyrna location has added a 203,000-sf Wal-MartSupercenter to its roster. Wal-Mart will anchor the redevelopedBelmont Hills retail and residential venture at Atlanta and WindyHill roads, brokers and marketers intimate with the undertakingtell GlobeSt.com. Belmont Hills currently houses Sears Outlet,Rainbow Apparel and Furniture Mall.

According to the company's website, Halpern Enterprises Inc. wasfounded by the late Bernard Halpern who started his business careeras a neighborhood grocer and later branched into residential realestate, developing duplexes, triplexes and small apartmentcomplexes. In the 1960s, Halpern exchanged his residentialproperties for shopping centers in metro Atlanta. The company owns3.4 million sf of retail space at 33 properties.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.