Sembler Breaks Ground on $50M Mixed-Use Project

ATLANTA-Sembler Co. of St. Petersburg, FL broke ground today on Edgewood Retail District, a planned 42-acre, 800,000-sf shopping center and 150-home community that is being developed at an estimated hard construction cost of $50 million in the city’s historic Little Five Points area.

Area brokers tell GlobeSt.com the venture is the largest and most important intown development of its kind in east Atlanta in 30 years. Major national retailers already have reserved space in the center which is tentatively scheduled to open by March 2005. On the waiting list are Lowe’s Home Improvement, Target, Kroger, Barnes & Noble, Bed Bath & Beyond, Ross Dress For Less, Cost Plus World Market and Petsmart.

Larry Wood, a broker with locally based Bullock Mannelly Partners which structured the project, tells GlobeSt.com he is “truly amazed at the time, effort and expense put forth by the Sembler Co. to plan a project that incorporates the many design issues sought by the local neighborhoods and government officials, while putting together a financially viable shopping center that (also) works for the merchants who will occupy the project.”