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Jacoby plans 6.5
million square-foot development at Ford plant
Atlanta Business
Chronicle March 10, 1008
The
early details about
Jacoby Development Inc.'s
mixed-used project for the defunct Ford plant in Hapeville --
first reported by
Atlanta Business Chronicle in November -- have come to light.
According to a new Development of Regional Impact filing with the state,
Jacoby wants to build a 6.5 million-square foot development that will
include nearly 2.1 million square feet of office space, a
500,000-square-foot telecommunications data center, about 1.7 million square
feet of retail and hotel space, plus a 4,000 space airport parking facility.
The 122-acre site is near Hartsfield-Jackson Atlanta International Airport.
Pending
rezoning and government approvals, Jacoby expects the project -- right now
called "Hapeville Ford Plant Redevelopment" -- to be finished by 2020. The
plant, which used to produce Ford Taurus cars, closed in October 2006.
Jacoby
will formally present the plans Monday to the
Georgia Regional
Transportation Authority and officials from the
Atlanta Regional
Commission, the city of Hapeville and possibly
Hartsfield-Jackson
International Airport.
The
standard meeting is required by the
Georgia Department of
Community Affairs, to pull together all the interested
parties in the development and go over initial questions about zoning,
environmental impacts and site access. It's all part of the Development of
Regional Impact program, which involves coordinating a regional approach to
giant projects, such as the redevelopment of the Ford Hapeville plant.
The
redevelopment of the Ford plant could spark a Southside Atlanta rebirth. It
could provide some of the newest office space for aviation and logistics
companies that Hartsfield-Jackson area has seen in years. And, it would be
the first retail experiment of its kind in that market.
Jacoby
is famous for buying Midtown's Atlantic Steel site for $97 million in 1997
and turning it into a mixed-use development with condos, a Dillard's,
boutique retailers, restaurants, a Publix, a Target and a movie theater,
plus the city's first IKEA outpost.
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