X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

COLLEGE PARK, GA-Atlanta-based Grove Street Partners is developing a $230-million, mixed-use project that will bring 1.1 million sf of hotel, office and retail space to the Gateway Center near the Hartsfield-Jackson International Airport.

The development will include a 400-room headquarters hotel, a 150-room suites hotel, four class A office buildings totaling 468,000 sf, and retail and restaurant outparcels totaling 75,000 sf.

The development will be adjacent to the Georgia International Convention Center, a 400,000-sf facility on 49 acres. Located one-half mile from the airport, Gateway Center will be the first stop on the airport’s expanded Automated People Mover system which is currently under construction and scheduled to be completed in the fourth quarter 2008.

Grove Street Partners president Kevin Kern tells GlobeSt.com that the project is expected to break ground in August. The hotels will be constructed first, followed by the office and retail components. “Mixed-use development at the Gateway Center brings new hotel, office and retail amenities to an area that to date has been underserved,” Kern says.

Negotiations with the company that will run the hotels have not yet been finalized, but the hotels are expected to open in the first quarter of 2009. “Demand for hotel space near the airport surges each year as Hartsfield-Jackson continues to grow,” says Grove Street Partners partner Jim Stormont, who joined the company on Jan. 15 and will lead the hotel development efforts.

The first office building will be a five-story, 135,000-sf building and will begin construction upon significant preleasing. The remaining buildings will be three- and five-story structures.

Atlanta-based architecture firms Smallwood, Reynolds, Stewart, Stewart & Associates and Goode Van Slyke Architecture designed the development. Skanska and C.W. Moody Construction Co. will serve as general contractors. Atlanta-based firms MHR International and Boyken International will serve as project managers, and MHR’s Mike Ross will be a partner in the development.

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?

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

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.