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Baltimore Firm Hired to Speed Up Atlantic Station's Retail Engine

ATLANTA-Jacoby Development Inc. and AID Global Real Estate Investment Corp. are retaining Development Design Group Inc. to design, develop and lease 800,000 sf of planned space at the 14 million-sf Downtown venture.

By Shelley M. Johnson | Updated on March 26, 2001

ATLANTA-Atlantic Station is partnering with Baltimore-based Development Design Group Inc. to design, develop and lease 800,000 sf of retail and entertainment space at the planned 14 million-sf Downtown venture.

The estimated hard construction cost of the entire 10-year project will be at least $1.5 billion, construction industry estimators following the undertaking tell GlobeSt.com.

The addition of the new design team comes just as Atlantic Station loses one of its original development partners, Mills Corp. Houston-based Hines Interests Inc. and locally based Post Properties Inc. were the first to leave the project after its debut in 1998.

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