(To read more on the industrial market, click here.)
FAIRBURN, GA-Locally based Taylor & Mathis has filed preliminary plans with the Georgia Department of Community Affairs for a Development of Regional Impact that is expected to have a total 1.8 million sf of industrial and distribution space in this Atlanta suburb.
Area construction sources familiar with comparable projects tell GlobeSt.com the project's estimated development cost could reach $864 million. The general contractors base their estimate on a probable hard construction cost of $45 to $50 per sf. Duke Realty Corp. has built similar ventures in metro Atlanta for about $45 per sf, as GlobeSt.com previously reported.
The development site is on Bohannon Road near Interstate 85, about 10 miles southwest of Downtown Atlanta. The site has 1,500 feet of frontage facing Interstate 85 and is next to the CSX southside transportation hub.
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