Development Updates in Atlanta:
Atlanta’s real estate market is booming as developers plan to deliver more than 40,000,000 sq. ft. of industrial property, roughly 1,500,000 sq. ft. of new office space, about 500,000 sq. ft of new retail development, and thousands of new multifamily units this year. The flurry of new real estate development is a good sign that rising interest rates and inflationary pressure are not preventing the completion of essential projects in the area. Get the scoop on some of Atlanta’s newest real estate projects below.
Content Production Campus from Gray TV
Media company GrayTV has begun the self-financed construction of a content production campus on an unfinished assembly site purchased from Integral Group in 2021. The campus, located off Interstate 285 at Motors Industrial Way, will include 19 individual film stages, office space, mill space, warehousing, a production base camp, dining facilities, and private production bungalows. The media company is expected to deliver $305M with the project.
Portman Residential Mixed-Use Project
Portman Residential, the multifamily arm of Portman Holdings, is set to complete one section of its Spring Quarter mixed-use project this August. The project will include 370 units with amenities such as a sky lounge, multiple fitness centers, golf simulators, co-working spaces, a spa, and a pet room. Once completed, it will provide new residential and recreational facilities to Midtown residents.
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Georgia Digest