.

Emory Point On A Fast Track

After years of delay, construction has begun on one of Virginia Highland's and Druid Hills' largest projects in recent history.

A massive, $250 million development on Clifton Road is on the fast track to completion, with concrete being poured, parking decks being built and colossal mounds of dirt being leveled.

First announced four years ago – and then delayed as the economy went south – Emory Point’s first phase is projected to open in the fall of 2012. According to its two Atlanta-based developers – Cousins Properties and Gables Residential – the project’s first phase will include more than 80,000 square feet of retail space and 443 luxury apartments.

The companies also said the development is first new retail project built in the area in 20 years, and the largest private development start inside the Perimeter since 2007.

Emory Point is located in the Clifton Corridor, next to and Prevention and close to and Emory Healthcare. “The development is designed to draw from current CDC and Emory faculty and staff,” said Lynette Hegeman, Gables vice president of marketing. “We feel like the project will minimize traffic in the area, because the residential component will allow people who work at those facilities to walk or bike to work.”

Emory Point’s second and third phases will be developed according to market demand.

Currently, most of the construction is centered on building a detention pond and laying the foundation and pillars for the 950-car, eight-level parking deck. Hegeman said Emory Point will be announcing several retail lease agreements in the near future.

Apartment pre-leasing will begin next spring. The developers have not released any leasing figures.

KP August 18, 2011 at 12:44 PM
“We feel like the project will minimize traffic in the area, because the residential component will allow people who work at those facilities to walk or bike to work.” Yeah, because no one will drive to the 80K ft2 of retail space, right? You can't build something this big on an already crowded road without increasing traffic, and anyone who thinks you can isn't living in the real world.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something