STOCKBRIDGE, GA. — RCP Cos., a Huntsville, Ala.-based real estate investor and developer, plans to develop a $300 million mixed-use project, known as Jodeco|Atlanta South, in Henry County.
Preliminary plans for the mixed-use development in the southern Atlanta suburb of Stockbridge include retail and restaurants, an entertainment hub, amphitheater, outdoor fitness and recreation areas and apartment residences within an urban setting.
“Our intention is to craft a new, vibrant community that brings the energy of a high-density, urban design — as well as the options that a larger city might provide — to South Atlanta,” says Max Grelier, chief development officer of RCP Cos.
Jodeco will sit adjacent to I-75 at exit 222, one of the first exits south of the I-675 interchange. Situated in the southwest quadrant of the I-75 and Jodeco Road intersection and bordered by Chambers and Mt. Olive roads, the development will include more than 500,000 square feet of local, regional and national retailers, including an organic grocer.
A 12,000-square-foot food hall, known as Mt. Olive Market, will be a dining venue within Jodeco where local and regional chefs will serve guests at counters and communal tables. Plans also call for two upscale hotels and an estimated 600 residences, some of which are situated above retail space.
A 30-acre park system will integrate a natural wetland preserve with multi-purpose lawns and an outdoor amphitheater. A perimeter bike path, boardwalk bridge and other trails will encircle the wetlands.
Pittsburgh-based Urban Design Associates serves as the master architect for the development, and Lubert-Adler Real Estate Funds provided financing on behalf of RCP Cos. Construction is expected to commence later this year with initial tenants opening their doors in 2017.
Henry County is the eighth most populated county in Georgia. The Atlanta Regional Commission forecasts that Henry County will have the highest percent change in population in the region between 2000 and 2040, adding 239,000 residents and 64,000 new jobs.
RCP Cos. provides acquisition, development and asset management services. The company currently has more than $500 million of development under construction or in pre-development in Alabama and Georgia.
— John Nelson