Search
 

Florida Firm Starts Regional Power Center

FLOWERY BRANCH, GA-Halvorsen Holdings Inc. is developing Stonebridge Village, which is already 88% preleased. It is the largest retail project in the area in nearly 40 years.

By Gina Kenny | Updated on May 04, 2007

FLOWERY BRANCH, GA-Halvorsen Holdings Inc., headquartered in Boca Raton, FL, recently started construction on a 520,000-sf regional power center at the northeast corner of Interstate 985 and Spout Springs Road.

The Stonebridge Village shopping center is the largest retail development constructed in the area in nearly 40 years, since Colonial Mall Lakeshore was constructed in 1968, says Tim Berg, vice president of Halvorsen Holdings. “The Hall County MSA is one of the fastest growing MSA’s in the United States and, together with [that], there is really a retail void in that area,” Berg says.

The $45-million project will be the only retail shopping center in a 10-mile radius besides small grocery-anchored centers, including a Publix-anchored neighborhood shopping center across the street from the Stonebridge Village development. There is a retail hub in Gainesville, GA and the Mall of Georgia is about 10 miles away in Buford, he says.

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.