X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-In a never-ending scenario of redevelopments in the metro area, Selig Enterprises Inc. is asking the city’s zoning department for use changes at the 17-acre site of the former, 200-room Castlegate Hotel demolished on the west side of the city in September 2002.

Area brokers familiar with the Commerce Drive submarket where the land is located and city planning department staffers confirm to GlobeSt.com that Selig is asking for the zoning changes to accommodate a planned retail-residential venture to be developed either by itself or with a joint venture partner. Selig Enterprise officials couldn’t be reached at GlobeSt.com’s publication deadline.

Brokers tell GlobeSt.com preliminary plans for the project outline the development of 400 apartment units or condominiums and about 375,000 sf of retail in two years. A main anchor would occupy the ground level with smaller businesses leasing the second-level of the planned center, area brokers say.

Rumored retail anchors are Target Corp., Costco Inc. or Home Depot Inc. However, Home Depot officials say they are no longer interested in the Castlegate Hotel location, area brokers tell GlobeSt.com. Home Depot had contracted to buy the site in 2001 but decided last year against closing the deal when neighborhood activists opposed the retailer’s plans.

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.