Go Braves! Atlanta Braves Announce New Stadium’s Mixed Use Project… Call it the Corporate “Chop Shop”!
OK, OK, I grew up on WGN and the Cubbies, but the Braves were awesome too. I still remember Dale Murphy coming to my middle school to sign autographs with some unknown scrub named…. Tom Glavine. Oh how time changes this. A lot of changes in Atlanta too, evidently. Foot longs likely will experience a slight price increase.
Atlanta Braves Announce Partners
for New Stadium’s Mixed-Use Project
ATLANTA — The Atlanta Braves organization has announced a trio of developers that it will team up for the 74-acre, $400 million mixed-use project that will be integrated with the team’s new stadium in Cobb County. The companies, including Fuqua Development, Pope & Land Enterprises and Pollack Shores Real Estate Group, will develop 630,000 square feet of Class A office space, 500,000 square feet of retail, 450 hotel rooms and 500 residences. Fuqua Development will handle the retail portion, Pope & Land will handle the office portion and Pollack Shores will handle the residential portion.
The Atlanta Braves will partner with the Cobb-Marietta Coliseum and Exhibit Hall Authority for the project and retain a majority ownership stake, as well as continue to guide the development process. JLL will remain involved as a real estate and development consultant, and The Jerde Partnership will continue to guide the land planning aspect.
The Atlanta Braves and the development team expect to open Phase I, or most of it, by spring 2017, coinciding with the stadium’s debut for Opening Day 2017. The new stadium will feature 41,500 seats, about 8,000 less than the current stadium, Turner Field.
Share courtesy of Southeastern Real Estate Newsletter.