X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-With most roads, utilities and water hookups already in place, three developers plan a mix of office, retail, multifamily and single-family product in Douglasville, GA, a suburb of about 20,000 residents five miles west of Downtown.

Grubb & Ellis of Northbrook, IL plans to market an estimated 40,000-sf class A office building and an undetermined amount of retail on a 70-acre tract owned by Robert Barsk at Blairs Bridge Road and Bob Arnold Boulevard.

LandSouth of Macon, GA plans to break ground in September on Preston Landing, a 240-unit apartment venture on 30 acres near Sweetwater Creek, an area with little existing multifamily product.

Ryland Group Inc. of Columbia, MD plans 255 single-family homes and possibly some townhomes on 72 acres south of LandSouth’s tract. Home prices will average $185,000.

The developers see a new niche surfacing in a corridor developing between Downtown and Arbor Place Mall at Interstate 20 and GA 5.

Second-quarter research by Atlanta-based Richard Bowers & Co. shows only 310,663 sf of office built in the Interstate 20 West/Greenbriar submarket with almost all of it occupied. Occupancy is 93.07% with 21,517 sf available at an average asking rent of $12.13 per sf.

Second-quarter absorption was 14,584 sf with year-to-date absorption of 20,864.

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

Once you are an ALM digital member, you’ll receive:

  • 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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.