Cushman & Wakefield Tuesday announced that the commercial real estate services firm has arranged $25 million in construction financing on behalf of Branch Properties for the development of Summerhill Station, a new 87,083 square-foot retail center located in Atlanta.
Richard Henry, Taylor Crowder, Mike Ryan, and Brian Linnihan of Cushman & Wakefield secured the financing through Ameris Bank.
“Branch has already received tremendous tenant demand at Summerhill Station, which will provide a critical grocery-anchored retail center in the heart of Summerhill,” Henry said in a press release.
Summerhill Station will be comprised of four buildings anchored by a 50,012 square-foot Publix. Construction is slated to begin before the end of the year with estimated completion in early 2023.
Located at 26 Georgia Avenue SE, Summerhill Station is situated within Atlanta’s Summerhill neighborhood, which is undergoing significant transformation due to Georgia State University’s expansion including the repurposing of the former Turner Field into the university’s football stadium, the new construction of the baseball stadium and basketball arena, and the addition of more than 1,000 newly-constructed residential units.
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I worked for Richard Rothman Architects in the early 1990s and we proposed a mixed use development as part of the Capitol Avenue Corridor for the Olympics. CODA and The City of Atlanta were supportive. ACOG, The Braves, and developers were baffled by the idea of mixing uses and walkability. It’s frustrating for me to see the walkable mixed-use Braves stadium in Cobb now and finally seeing the stadium area become what it always should have been.