As crews were finishing the grading work for the new MarketPlace Terrell project and construction began on the self-storage facility, a spokesman for the developer updated the community about the mixed-use development.
Brandon Ashkouti of Eden Rock Real Estate Partners told members of the Powers Ferry Corridor Alliance last week that the overall timetable for the $120 million project, located at the northwest intersection of Powers Ferry Road and Terrell Mill Road, is expected to be about 24 months.
That depends in part on a case to be decided soon by the Georgia Supreme Court. Kroger, which is planning a 95,000-square-foot superstore as the center’s anchor, is appealing a Cobb judge’s ruling against tax abatements it sought from the Development Authority of Cobb County.
Ashkouti said in response to a question from the audience that Kroger is committed to building there (and moving from a nearby location at Powers Ferry and Delk roads).
“Until they are approved,” he said, referring to the abatements, “we do not have a timeline for that store. We anticipate a favorable outcome.”
The Kroger store would be located where the former Brumby Elementary School campus once stood.
In the meantime, a self-storage facility located at the back of the 23.9-acre tract, and near Terrell Mill Road (in photo above) is the first building to get underway.
Ashkouti said that building should be done within 9 to 12 months, and an adjacent apartment building with 298 units is expected to be completed in 24 months.
Building out shops and restaurants could take between 12-15 months, he said, and discussions are underway with possible tenants he wouldn’t identify.
Construction on the latter could get underway this fall, he said, and two planned restaurants would have 4,200 and 3,500 square feet.
“We’re talking to some great local restaurants,” Ashkouti said.
The buildings will be in Colonial Williamsburg style architecture.
A dentist’s office on the intersection that has already opened is not part of the MarketPlace Terrell Mill project.
The plans also call for traffic lights on Powers Ferry right across from Micro Center shopping center and on Terrell Mill, to be sequenced at the L.A. Fitness entrance.
Rezoning was approved last year by Cobb commissioners in a project that has been dubbed “transformative” for a corridor that is being revitalized elsewhere.
The so-called Restaurant Row cluster on Powers Ferry near Windy Hill Road will make away for another mixed-use project.
Craig Gearheart of Greystar, a multi-family developer, told the PFCA audience that groundbreaking will begin in July for Overture at Powers Ferry, a 171-unit building for residents 55 and older, and should take around 24 months to complete.
A 276-unit apartment building, Elan at Powers Ferry, also is planned for the property, as is a 10,000-square foot building with shops and restaurants, including Rose and Crown.
It’s the only active restaurant still remaining at Restaurant Row, and will relocate to the new facility, taking up 6,000 square feet.
Related story
Get Our Free E-Mail Newsletter!
Every Sunday we round up the week’s top headlines and preview the upcoming week in the East Cobb News Digest. Click here to sign up, and you’re good to go!
