X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

McDONOUGH, GA-Sembler Development Co. and area investor Tim Jones have submitted preliminary plans to Henry County commissioners for Henry Marketplace, an estimated $100-million, 800,000-sf open-air shopping center and a 300-unit apartment complex, county staffers confirm for GlobeSt.com.

Residential condominiums could also be part of the plan at a later date, area marketers who have worked with Sembler projects in the past tell GlobeSt.com.

The 88-acre development site along Jonesboro Road is across the street from the 744,244-sf Henry Town Center. Home Depot, Target and BJs anchor that center. Sembler’s 88-acre site already houses a Best Buy and is scheduled to have a Dick’s sporting goods store by June and a Starbucks coffee location later, area brokers familiar with the developer’s plans tell GlobeSt.com. The joint venture is also negotiating with a name anchor for the project, according to area brokers.

The Sembler-Jones project comes as elected officials in Henry County prepare to vote Nov. 21 on still another retail project. Cincinnati-based North American Properties Inc. has submitted plans for South Point Mall, an estimated $100-million, 570,000-sf shopping center near GA 20 and GA 81 on the west side of Interstate 75.

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

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.