(To read more on the industrial market, click here.)

FAIRBURN, GA-Locally based Taylor & Mathis has filed preliminary plans with the Georgia Department of Community Affairs for a Development of Regional Impact that is expected to have a total 1.8 million sf of industrial and distribution space in this Atlanta suburb.

Area construction sources familiar with comparable projects tell GlobeSt.com the project’s estimated development cost could reach $864 million. The general contractors base their estimate on a probable hard construction cost of $45 to $50 per sf. Duke Realty Corp. has built similar ventures in metro Atlanta for about $45 per sf, as GlobeSt.com previously reported.

The development site is on Bohannon Road near Interstate 85, about 10 miles southwest of Downtown Atlanta. The site has 1,500 feet of frontage facing Interstate 85 and is next to the CSX southside transportation hub.

Hamilton Reynolds, president of Taylor & Mathis’ Industrial Division, tells GlobeSt.com his company hasn’t made preliminary ground-breaking plans because it is waiting to complete the DRI review process. “It’s hard to say how long that could take but it could be up to six months,” Reynolds says.

Area industrial brokers familiar with the project tell GlobeSt.com the spec-built park is expected to have three buildings with the largest totaling one million sf. The other two structures could have 450,000 sf and 350,000 sf respectively.

Fulton County sources in a position to know tell GlobeSt.com Taylor & Mathis would like to break ground by September and have the first building in the project completed by fall 2008. The entire park is expected to be completed by year-end 2007.

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?


NOT FOR REPRINT

© 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.

 

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & 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 © 2024 ALM Global, LLC. All Rights Reserved.