This Week's Atlanta Deal Sheet: Dawsonville Racetrack Looks To Go Mixed-Use
The owner of a sprawling sports car and go-kart racetrack in North Georgia is hoping for a green flag to build a mixed-use project on the property.
Motorsports Realty, a division of Atlanta Motorsports Park, is seeking to rezone a quarter of its site at 20 Duck Thurmond Road in Dawsonville to allow for 291 residential units and nearly 55K SF of commercial space, according to an application filed with the Georgia Department of Community Affairs, which reviews projects with a potential regional impact.
Atlanta Motorsports Park is an existing racetrack facility that allows guests and members to race motorcycles and high-performance vehicles on a 2-mile, Formula 1-style track or on a karting racetrack. It sits on more than 150 acres, according to the Reonomy database.
Motorsports Realty plans to build a condominium complex next to the track that will offer units priced between $342K and $500K, 46 race cottages, an underground gun club in the basement and a restaurant, distillery and brewery called Fuel Kitchen, CEO Jeremy Porter told Bisnow in an email.
Since opening in 2019, the park has seen an annual average of 69,000 guests, Porter said. If approved, the project is expected to fully deliver by 2030, according to the application.
DEVELOPMENT
A local developer is seeking approval to break ground on a more-than-500-acre master-planned community in Chattahoochee Hills called Merrill Park. WHM Chattahoochee Hills Investment filed an application with the Georgia Department of Community Affairs to build 2,000 residential units, 400 hotel rooms and 425K SF of office, retail and additional residential space on a site located at the intersection of South Fulton Parkway and Cochran Mill Road. The project is slated to deliver in 2035.
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Atlanta-based Core5 Industrial Partners is heading to Nashville for its latest industrial project. The firm is breaking ground this month on White House I-65 Business Center, a 310K SF distribution facility fronting Interstate 65. Lee & Associates President Jim Rodrigues and Director Brett Wallach are tapped to lease the facility for Core5.
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Atlanta-based Core Venture Studio is applying to redevelop a historic Masonic Lodge at 1331 Metropolitan Ave. in the Capitol Hill neighborhood of Atlanta. The developer plans to refurbish the ground-floor retail and put 1,600 SF spaces on three levels above for future tenants, according to the application filed with the city of Atlanta. Total construction costs are listed at $938K.
LEASES
Health and human resources consulting firm OneDigital has inked a lease for 70K SF at Galleria 300, the 433K SF office tower in the Cumberland/Galleria submarket that is part of the larger Galleria Office Park owned by Piedmont Office Realty Trust. The firm's headquarters are across the complex from Galleria 200. The lease was noted in Savills' and Cushman & Wakefield's second-quarter office reports. It is unclear how much space OneDigital leases at Galleria 200 and if the move is an expansion, relocation or contraction.
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Apparel boutique Swan Space has leased 3K SF in the Makers Building at Selig Enterprises’ adaptive reuse project The Works in the Upper Westside neighborhood. The store is set to open later this year and joins a lineup of retail tenants at the project including BRASH Coffee, Taste Wine Bar and Market, Chattahoochee Food Works and Fox Bros. Bar-B-Q.
