RocaPoint Partners breaks ground on $370m mixed-use development in Georgia

WCN Editorial Team 9 Feb 2016 NORTH AMERICA BUILDINGS, BUSINESS

Real estate groups RocaPoint Partners and The Georgetown Company have broken ground on a new $370m mixed-use development in Georgia, US.

Dubbed Halcyon, the new development will house two hotels and over 360,000 sq ft of office and retail space.

The first phase of the project will involve the construction of 125,000 sq ft of retail space. This will include a movie or entertainment venue, gourmet market, outdoor outfitter, up to 10 local and regional restaurants, a boutique fitness club and service retail.

Phase one will also include the construction of up to 65,000 sq ft of loft offices and built-to-suit spaces, a 110-room hotel developed by Tharaldson Hospitality, as well as 87 single-family units, 155 townhomes, and 448 luxury apartments.

In addition, plans for the development will include over 50 acres of community green space, two miles of nature trails, a four-acre natural open space as well as a link to the nearby Big Creek Greenway.

The project is anticipated to open by the end of 2017.

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