It’s not the go-go days of last decade, but the rattle and thump of jackhammers, saws and backhoes has returned to the metro Atlanta soundtrack.
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Here are some of the major new development projects underway in metro Atlanta.
Atlanta Falcons stadium: The Falcons’ new nearly $1.3 billion stadium is expected to open in time for the 2017 NFL season, and it will also be the home of the city’s new Major League Soccer franchise.
Atlanta Braves stadium and mixed-use complex: The Braves plan a $600-million plus stadium and an adjacent $400 million district of shops, hotels, bars, restaurants, restaurants, offices and a concert and event venue. The stadium and first phase of the mixed-use development is slated to open in 2017.
State Farm campus: Developer KDC and State Farm said the new corporate campus project will include 2.2 million square feet of office space, 100,000 square feet of retail, restaurant and entertainment space and a 175-room hotel. The first new office tower is expected to open in late 2016.
Centennial Olympic Park area: The new National Center for Civil and Human Rights and the College Football Hall of Fame are expected to become marquee venues for tourists along with the World of Coca-Cola and Georgia Aquarium at the downtown park.
Ponce City Market: Developer Jamestown Properties is in the midst of revitalizing the former Sears warehouse and City Hall East on Ponce De Leon Avenue along the Atlanta Beltline’s eastside. The $200 million project includes nearly a half million square feet of office space, 330,000 square feet of retail, and residences.
Buckhead Atlanta: The $1 billion transformation of Buckhead’s former party scene and the new vision for the former Streets of Buckhead development, which stalled when the economy crashed. Developer OliverMcMillan is building 370 luxury apartments, 300,000 square feet of space for restaurants and top shelf retailers. A second phase is in the works.
Avalon: This $600 million project in Alpharetta includes 250 luxury apartments, 101 for-sale residences, space for top retailers like Crate & Barrel and Orvis, a movie theater and Whole Foods grocery store. The project also calls for hotels and will have so-called “gigabit” Internet, 100 times faster than most folks have in their homes. A second phase is also planned.
Alpharetta town center: The city plans to redevelop 22 acres downtown, including a park, town square, library and new city hall in the first phase.
Sandy Springs town center: Sandy Springs officials recently picked real estate development firms Carter and Selig Enterprise to build a new complex along Roswell Road and Sandy Springs Circle that include a performing arts center, city hall, green space and retail. “You could talk to most developers right now and they’ll say it’s an exciting time,” said Malloy Peterson, a senior vice president with Carter.
THE GREAT RECESSION, FIVE YEARS LATER
The Atlanta Journal-Constitution brings you comprehensive coverage of the region’s economy, including this ongoing look at the 5th anniversary of the government-declared end of the Great Recession. Earlier this month we reported on five metro Atlanta workers thrown into flux by unemployment and changing jobs. On Monday staff writer Dan Chapman chronicled the returning growth of home building in outer counties such as Forsyth and Cherokee. Today,we take the temperature of two key Georgia businesses, banking and commercial real estate. Read them all at myajc.com.