Construction begins on $250 million Emory Point

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82,000-square-foot mixed-use project breaks ground near Emory University.

UPDATE (Nov. 1, 2011): CVS, Solar Dimensions and Marlow’s Tavern among first group of retailers to lease space at Emory Point

Cousins Properties and Gables Residential have started construction on the $250 million Emory Point mixed-used development on Clifton Road.

The development will be the first new retail project built in the “trade area” in 20 years, according to a press release Tuesday.

Located in the Clifton Corridor adjacent to the Centers for Disease Control and Prevention and in close proximity to Emory University and Emory Healthcare, Emory Point is a vertically integrated mixed-use development.

Phase one will include more than 80,000 square feet of retail space and 443 luxury apartments. Which Wich is among the first tenants who have leased space at the development.

Under the DeKalb County zoning plan for Emory Point, 25 acres of densely wooded land behind the development, approximately half of the site, will be protected as “undevelopable” under Emory’s land classification plan.

“Emory Point sets the new standard for the Emory community because it blends pedestrian-friendly retail with luxury apartment living, all while being an environmentally conscious development,” David Fitch, Gables Residential president and CEO, said in a press release.

“There is tremendous pent-up housing demand in this neighborhood, making Emory Point a bright spot in an otherwise challenging market.”

The $100+ million phase one of the project began construction early July and is expected to be complete by fall 2012.

The second and third phases of the project will be developed according to market demand in an area. Emory University, which includes Emory Healthcare, is the largest employer in DeKalb County and the third largest employer in metro Atlanta.

“The proximity of Emory Point to our campus will enhance the social and intellectual vibrancy at Emory by providing housing, dining and retail venues for faculty, staff and students,” Mike Mandl, executive vice president for finance and administration for Emory University, said in the release.

“This type of mixed-use development was envisioned during the creation of the Clifton Community Partnership five years ago, and it is gratifying to see it coming to fruition.”

Stay tuned for confirmation on other restaurant and retail tenants.

 

Caleb J. Spivak

Caleb J. Spivak

Caleb J. Spivak

Caleb J. Spivak

15 Responses

  1. I live just up Biltmore Drive, very interested to see if this retail is anything that’ll draw me in. Also traffic impact.

    The map doesn’t point to the right location Caleb….

  2. “There is tremendous pent-up housing demand in this neighborhood, making Emory Point a bright spot in an otherwise challenging market.”

    Talk about your understatements. This could be enough to make graduate and professional students STAY in the area after graduating. Interesting.

  3. I smell BS. They say it’s “environmentally conscious” because they aren’t mowing down part of the forest, but then they say “The second and third phases of the project will be developed according to market demand in an area.” [rolls eyes]

  4. @atl_dining– “the improvement to the corridor is a question for elected officials and civic leaders. there is a transit proposal for the clifton corridor but I’m not certain of the details now. the community will need to advocate for these changes for improvements to become a reality.” this is from bryan long, company spokesman.

    –cjs

  5. They might not be mowing down all the forest but that construction site was rapidly cleared of all trees within the last month. Such a strange vista it provides while you sit in traffic on Clifton.

  6. I really hope the apartment community will not allow co-signers. Otherwise the development will be overrun by spoiled college kids who dont respect their neighbors or the property because they’re living off mommy and daddy’s money. (Even Emory has these kinds of students) I hate to say it like that but I work in the apartment industry (in this part of town) and I speak from experience.

  7. “because they’re living off mommy and daddy’s money”
    Um, that’s every Emory student. They are obnoxious and they always wear flip-flops.

  8. I don’t understand people’s problem with always wearing flip-flops. I have a doctorate degree and have been out in the real world working for over 5 years and I still wear flip flops every day…even when it’s 30 degrees outside…they are so convenient and cheap too.

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