 |
| Scott Cullen |
ATLANTA, GA – Georgia Power, a subsidiary of Southern
Company, has hired commercial real estate firm JLL to market its property
located at 760 Ralph McGill Boulevard in Atlanta, with the intent of gauging
interest for redevelopment.
Branded by JLL as Eastline
at Fourth, the property represents a keystone development opportunity in the
red hot Old Fourth Ward neigborhood. JLL’s Scott
Cullen, Mark Lindenbaum, and Leigh Martin will oversee the marketing,
developer selection and sales process for the property.
Project details can be
found at www.eastlineatfourth.com. A formal bidding process is outlined in
JLL’s materials, which indicates bids should to be submitted by Wednesday May
24th.
“The city has made
significant infrastructure investments in this submarket, allowing the area to
evolve into one of the most dynamic in the City. This, along with recent
demographic, employment and population trends, creates a tremendous development
opportunity,” said JLL’s Scott Cullen.
 |
| Mark Lindenbaum |
“The fundamentals of the
property suggest a dense, mixed-use project given its Atlanta Belt Line
adjacency, Historic Fourth Ward Park frontage, multiple surface street
connections, and a potential future light rail station,” said JLL’s Mark
Lindenbaum.
“We expect interest from
local, regional, and national developers. The site is positioned well to
capture the continued growth and demand for intown Atlanta projects,” said
JLL’s Leigh Martin.
Located adjacent to The
Atlanta BeltLine’s Eastside Trail and Historic Fourth Ward Park, the 10.2 acre
parcel can potentially be redeveloped with a mix of residences, offices, hotel
rooms, and retail space.
The Atlanta BeltLine has earned national recognition
for urban redevelopment and mobility.
For a complete
copy of the company’s news release, please contact:
Adrienne Heintz
Skyline, A Wilbert PR
Company
(o) 404-260-6438
(c) 404-384-2210
No comments:
Post a Comment