Atlanta Developer Hopeful Incentives OK’d for Mixed-Use Project
Investors of new projects are dealing with high-interest rates and rising building costs. Looking for new sources to enable a project is gaining favor with developers. And it’s looking like more and more are counting on their local government to get a deal closed. The Atlanta Business Journal reports Branch Properties is working with Invest Atlanta for tax incentives meaningful enough to pull off a project in Chosewood Park, in south Atlanta.
The company is proposing a mixed-use project that would consist of a 52,800-square-foot grocery store, 27,000 square feet of additional retail space in four buildings and a three-story parking deck. Branch says it’s looking at Publix for its anchor tenant.
The Atlanta-based firm develops and invests in grocery-anchored shopping centers across the Southeast. Earlier this year, it opened a Summerhill retail center anchored by a Publix.
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