I first heard about this on the radio this morning and I knew once the gambling facility fell through, that the next idea would be an Atlantic Station type development. It has been pretty well documented that movie studios are increasing their presence in the Metro Atlanta area. I havent done any research to determine the need for such an influx of movie studios to be developed so I do have some concern about a flooded market. That aside, it does sound like they already have a tenant interested in occupying the site and if they are as smart as I think they are… it will be a long term contract that will offer a good amount of stability for quite some time.
I always said it would take time for good things to happen. Its been a long time coming, but Gwinnett Village has come along way as well.
Movie studio part of 100-acre development planned for Gwinnett
Carla Caldwell, Morning Call Editor
A 400,000-square-foot movie studio is planned for space along Jimmy Carter Boulevard and Interstate 85 in Gwinnett County, in the latest proposal to revitalize an under-used site currently used to develop fiber-optic cables, reports the Gwinnett Daily Post.
The studio is part of a 100-acre mixed-use project proposed by Jacoby Development, which also was the developer behind Midtown Atlanta’s Atlantic Station.
“The dozen sound stages that we build first will be full from the day they open,” Jacoby Development Chairman Jim Jacoby said in a press release. “The campus will be complemented by an arts and media education center in partnership with a leading higher education institution – plus a mix of housing, retail, hotel, office and entertainment to complement and support it.”
The fiber-optic company OFS plans to continue to use 60 acres at the location, the paper adds.
Jacoby said the sale of the land will likely close by the end of 2013, and that the first phase of the development will open in early 2014.