Owner, developer to split disputed $400K in Gwinnett movie studio flap

The developer who pitched a massive movie studio project near Norcross will split the roughly $400,000 once fought over by it and the owner of the possible studio site. 

Both legal matters between Jacoby Development and fiber optic company OFS, which owns the site near I-85 and Jimmy Carter Boulevard, are now resolved —though the role of Jacoby in any future development on the property remains uncertain.

A Gwinnett County Superior Court judge signed last week an order giving Jacoby and OFS each half of the nearly $400,000 in earnest and escrow money they had quarreled over for months. Court documents suggested the settlement was reached voluntarily by the parties.

The money was related to the project Jacoby pitched to include the largest movie and TV studio in the Southeast, plus multifamily housing, a hotel and educational components. 

Little has happened on the site, however, and OFS initiated a separate lawsuit in Fulton County earlier this year, claiming Jacoby hadn’t paid more than $120,000 in rent for  buildings that it and affiliated studio company MBS3 were allowed to lease on OFS property.

OFS also claimed that its larger purchase-sale agreement with Jacoby had expired in Sept. 2016. 

That suit was also settled last week, with both sides voluntarily dropping their claims. 

Jacoby and OFS have both remained quietly publicly. The developer has not commented on the litigation and OFS spokeswoman Sherry Salyer has only released the following comment: “OFS self-manages an active television and film production portfolio while continuing to market a portion of the property.”

In other Gwinnett news:

Reader Comments ...

Next Up in Local

Cobb County restaurant inspection scores

Cobb County • Food Big Apple, 2727 Paces Ferry Road, Atlanta. 80/B • McDonald’s, 5145 Cowan Road, Acworth. 85/B • Paleteria La Delicia, 1869 Cobb Parkway, Marietta. 91/A • Tapestry at the Old Mill, 4271 Southside Drive, Acworth. 100/A
Gridlock Guy: Our city’s parking problems are a reflection of our traffic woes
Gridlock Guy: Our city’s parking problems are a reflection of our traffic woes

Atlanta gets more flack than Roberta about how slow its traffic moves. While rush hour, lack of mass transit, and often just plain sloppy organization with big events are killing drivers softly with a very slow song, another vehicular problem needs consideration. Businesses, organizations, and cities need to do better with how they handle parking....
Cherokee County restaurant inspection scores

Cherokee County • Arby’s, 1461 Riverstone Parkway, Canton. 87/B • Bojangles, 1665 Ball Ground Highway, Canton. 91/A • Five Guys, 1359 Riverstone Parkway, Canton. 99/A • Hong Kong City, 12050 Highway 92, Woodstock. 78/C • Pizza Hut, 12050 Highway 92, Woodstock. 95/A
Fulton County restaurant inspection scores

Fulton County • Church’s Chicken, 860 Bankhead Highway, Atlanta. 92/A • Goldberg’s Bagels and Deli, 1272 W. Paces Ferry Road, Atlanta. 94/A • Hikari at Johns Creek, 10820 Abbott’s Bridge Road, Johns Creek. 91/A • Johnny’s N.Y. Style Pizza, 5495 Cascade Road, Atlanta. 86/B • Stop Bop Go, 4000 Old Milton...
Coweta County restaurant inspection scores

Coweta County • Big Chic, 7280 E. Highway 16, Senoia. 86/B • Mother’s Kitchen, 33 ½ E. Broad St., Newnan. 99/A • Neighborhood Corner Café, 12 Bonnell St., Newnan. 90/A • O’Charley’s, 545 Bullsboro Drive, Newnan. 87/B • Southern Country Restaurant, 34 Chestlehurst Road, Senoia. 95/A
More Stories