WRI – Atlanta Civic Center Redevelopment – Georgia - Project Profile

WRI – Atlanta Civic Center Redevelopment – Georgia - Project Profile

  • July 2017 •
  • 7 pages •
  • Report ID: 4918466
Synopsis
"WRI – Atlanta Civic Center Redevelopment – Georgia - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "WRI – Atlanta Civic Center Redevelopment – Georgia - Project Profile" is part of Timetric’s database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary
Weingarten Realty Investors (WRI) is planning to build a mixed-use community in Atlanta, Georgia, the US.

The project involves the construction of a mixed-use community with around 920 housing units on 8ha of land and will be developed in phases. It includes the construction of 270,000m2 of office space, 130,000m2 of retail space, a 5,574m2 grocery store, 250 condominiums, 386 apartments, 20 townhomes, a wine bar and restaurants, parking and related facilities, and the development of a park and water fountains.

On October 16, 2014, the City of Atlanta (CoA) issued a request for proposals (RFP) to sell the Atlanta Civic Center with a submission deadline on December 10, 2014.

WRI entered into an agreement with CoA to acquire the project site for US$30 million on September 17, 2015.

On October 13, 2015, WRI unveiled the project plans.

WRI expected to release the renderings and plans during a Community Development/Human Resources Committee meeting of CoA.

In January 2016, permits were issued for demolition and site work of the project.

WRI is reviewing the project and it needs time to make an appropriate decision making for the further movement.

The entire project is set to be completed by the first quarter of 2019.

Scope
The project involves the construction of a mixed-use community on 18ha of land in Atlanta, Georgia, the US.

The US$298 million project includes the following:

1. Construction of 270,000 m2 of office space
2. Construction of 130,000m2 of retail space
3. Construction of a 5,574m2 grocery store
4. Construction of 250 condominiums
5. Construction of 386 apartments
6. Construction of 20 townhomes
7. Construction of an amphitheater
8. Construction of a wine bar and restaurants
9. Construction of parking facilities
10. Construction of related facilities
11. Development of a park and water fountains

Reasons To Buy
• Gain insight into the project.
• Monitor the latest project developments.
• Identify key project contacts.
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Country=UnitedStates Industry=Construction ParentIndustry=HeavyIndustry Date=201707 Topic=M&A Publisher=Timetric Price=1000