A spokesman for Southern tells GlobeSt.com the utility provider expects to collect between $12 million and $14 million in annual revenue from Atlantic Station, once it is fully built out.
The partners wouldn't disclose the construction cost of the project.
In a prepared statement, Atlantic Station chairman Jim Jacoby says the system will deliver chilled water from a 50,000-sf central plant through a two-mile network of 36-inch pipes to the office, residential and retail buildings in Atlantic Station. The system is patterned after college campus cooling models.
Jacoby projects the cooling system will save building owners in the complex an estimated aggregate $35 million in construction costs by eliminating the square footage and the individual systems required for conventional, building-by-building cooling.
At peak times, the system will circulate 40,000 gallons of chilled water per minute to Atlantic Station buildings.
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