HAPEVILLE, GA-Getting an estimated $1-million, 9,900-sf shopping center may not be a big deal for Downtown Atlanta but it is for this tiny suburb with a permanent population of 9,393 and home to a major Ford Motor Co. manufacturing plant, area retail brokers tell GlobeSt.com.

Southeast Management Co., the retail plaza’s developer, is banking on a potential customer base of 30,000 daily workers at nearby Wachovia Bank, the Delta Air Lines headquarters building and other corporate offices. The Virginia Avenue center will house two restaurants and four retail shops.

The impetus for the project came from a $75,000 grant the town received through the Atlanta Regional Commission to study blighted areas and create a master development plan, city officials confirm to GlobeSt.com. The report studied the Old Second Ward near Virginia Park on Virginia Avenue and South Central Avenue and concluded the area needed and could support more retailers and other businesses.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.