Many new multi million-dollar sports renovations and developments are popping up in Atlanta – including the State Farm Arena, Mercedes-Benz, and SunTrust Park to name a few. Unfortunately, several studies cite that it often takes several years for communities, retail destinations, restaurants, and the like to follow suit and build thriving communities centered around the newly developed sports complexes that often take three to four years to complete. These mixed-use communities take time, money, and construction opportunities to create a hub around the central attraction – the stadium.
Now, however, developers are attempting to remedy the situation and speed up the timeline for which mixed-use communities become thriving revenue generators by preemptively planning residential and commercial communities to house patrons and supplemental businesses to complement the arena attraction. SunTrust Park, for example, was built in Atlanta last year with a community called “The Battery” already planned and designed. Likewise, “The Gulch” mixed-use community is planned around recent State Farm Arena renovations. For more insight into the mixed-use plans for metropolitan areas, visit: Bisnow.com.
Rendering Source: Juneau Construction Co. A rendering of the $700M Battery at SunTrust Park Atlanta
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About Sealy & Company
Sealy & Company, a fully-integrated commercial real estate investment, and operating company, is a recognized leader in acquiring, developing, and redeveloping regional distribution warehouse, industrial/flex, and other commercial properties. Sealy provides a full-service platform for high-net-worth individuals and institutional investors through our development, management, and brokerage divisions.Sealy & Company has an exceptional team of over 100 employees, located in five offices, with corporate offices in Dallas, TX and Shreveport, LA.