Jodeco 158 to Develop $400M Mixed-Use Project Near Atlanta
STOCKBRIDGE, GA. — Jodeco 158 LLC, a newly formed firm headed by local developers Jeff Grant and David Hughes, will develop Bridges at Jodeco, a $400 million mixed-use project near Interstate 75 in Stockbridge, a southeastern suburb of Atlanta.
According to the development team, Bridges at Jodeco will be built on the largest remaining tract of undeveloped land adjacent to I-75 in Henry County. The development will also offer convenient access to the Atlanta Motor Speedway and Hartsfield-Jackson Atlanta International Airport.
The residential component of the 158-acre project currently calls for 300 high-end apartments, 90 single-family attached townhomes and 176 detached single-family homes that may be used for senior living.
More than 65 acres have been zoned for retail, dining and entertainment uses. In addition, the development team is seeking to include hotel, fitness and theater users, as well as other service providers for the retail component. About 20 acres of green space will be reserved for walking paths and trails and pocket parks.
“Our intention is to create an amenity-rich, live-work-shop-dine-play destination where people can engage and relax in a comforting, family-centered setting,” says Grant, who serves as principal of Jodeco 158. “We believe Bridges at Jodeco will offer choices and connections that will ignite the area, bridging Atlanta with what’s becoming known as Atlanta South.”
According to the Atlanta Journal-Constitution, a $300 million mixed-use project was originally proposed at the site in 2016, with Alabama-based RCP Cos. leading the development, but encountered opposition from local and civic institutions.
Construction of Phase I, which will focus on the residential component, is expected to begin during the fourth quarter and to wrap up by fall 2020. The commercial leasing and sales team include Georgia Land & Commercial Solutions, Retail Leasing Advisors and Lavista Associates Inc.
There are more than 318,000 people living within 10 miles of the property, and the average family income within a three-mile radius is more than $97,400.
— Taylor Williams