Latest news with #DevelopmentofRegionalImpact
Yahoo
4 days ago
- Business
- Yahoo
Developer proposes creation of 140-acre Town Center on Old National Highway in South Fulton
Developer BBI Development Group is proposing a new Town Center for the City of South Fulton. The developer first started planning in 2022, according to their website for the project. The project, called Town Center at Mansa Park, would be on Old National Highway and Pleasant Hill Road and include a condominium tower, apartments, three hotels, six office buildings, two restaurants and two retail spaces. "The Old National Highway Corridor is one of the region's most densely populated areas and serves as the largest commercial corridor within the City's limits. Only a few miles from Hartsfield-Jackson International Airport, the Corridor is a critical part of the City's economic viability," BBI Development Group says on a site for the proposed development. In total, the development plan is proposing the construction of 494 condo units and 1,032 workforce apartments, or 1,526 individual residences. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] TRENDING STORIES: GSP investigating crash involving South Fulton patrol car Amazon opening sorting center in west Georgia, bringing 1,000 jobs Governor's office said it will start issuing special tax refund checks this week Across the various proposed buildings, the overall development would cover more than 1.35 million square feet, or 140 acres. 'This proposed development is centrally located along the Corridor, directly across the street from World Changers Church International – one of the largest churches in the Metro Atlanta area," BBI Development said. According to details submitted to the Georgia Department of Community Affairs as part of the Development of Regional Impact filings, the overall project is expected to be finished by 2030. The latest filings are for rezoning permits to move the project forward. "This proposed development will generate substantial revenue for the City through property, sales and hotel taxes and will create thousands of new jobs. BBI is proud to make such a significant investment in the City and is committed to serving this community for many years to come‚" the developer said, though a more specific revenue estimate was not available in the company's filings or the proposal site. [SIGN UP: WSB-TV Daily Headlines Newsletter]
Yahoo
17-04-2025
- Business
- Yahoo
This high-tech developer proposes 8-million-square-foot data center in Columbia County
A proposed data center project valued at more than $11 billion could come to Columbia County, bringing even more high-tech investment and tax dollars to the Augusta area. A filing by the county with the Georgia Department of Community Affairs offers details about White Oak Technology Park, a proposed tech campus that would border White Oak Business Park, on Appling-Harlem Highway north of Harlem. Trammell Crow Co., a subsidiary of commercial real estate giant CBRE, has submitted plans to be the tech park's first tenant. It proposed nearly 8.1 million square feet of buildings, of which 8.004 million would comprise the data center, according to the filing. Cheney Eldridge, executive director of the Economic Development Authority of Columbia County, confirmed Trammell Crow's plan Wednesday but declined to comment further on the evolving proposal. The county placed the project's "estimated value at build-out" at $11.6 billion, and is expected to collect more than $118 million annually in estimated local tax revenue, the filing stated. To put the tax amount into perspective, Columbia County's general fund budget in fiscal year 2024-25 is $100,644,268. Retirement: Club Car CEO stepping down. Here's what could happen next for Augusta area The project's initial phase could last more than two years, with the overall project being completed in about 10 years, the filing showed. Columbia County recently submitted a "Development of Regional Impact," or DRI, statement to the Georgia DCA. Georgia classifies DRIs as "large-scale developments that are likely to have regional effects beyond the local government jurisdiction in which they are located," according to the DCA. Local governments eyeing large development opportunities are obligated to submit DRI information for state review under the Georgia Planning Act of 1989. The county described its envisioned tech park in the filing: "White Oak Technology Park is proposed to attract and accommodate world-class technology businesses and data center development. Proposed uses include data centers; research and development facilities; cybersecurity providers; digital infrastructure and advanced technology companies; and other uses associated with data centers and technology facilities." This article originally appeared on Augusta Chronicle: Tech-park data center valued at $11 billion could come to Augusta area Sign in to access your portfolio
