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The original item was published from 4/29/2009 2:30:22 PM to 9/1/2009 11:36:03 AM.

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Development Updates

Posted on: April 29, 2009

[ARCHIVED] Ford Motors Assembly Plant Redevelopment

Hapeville's Ford Assembly Plant ceased production in October 2006. In turn, the City rezoned the property to high-density mixed use in order to have some influence in the future redevelopment of the site. A redevelopment of the 122-acre property was challenged with being located in three political jurisdictions and directly under the northernmost runway at Atlanta Hartsfield Jackson International Airport.

In early 2008, a formal announcement came identifying Jacoby Development as the potential purchaser of the site. Jacoby, whose successful redevelopment of the Atlantic Steel brownfield site, appears well suited to the redevelopment of the mid-20th Century auto assembly plant. Jacoby's vision of a thriving mixed-use "Aerotropolis" was fully endorsed by the City of Hapeville, who partnered with the developer to address zoning and regulatory controls.

As of June 2008, Jacoby Development has closed on the property and is expected to pull demolition permits in the coming weeks. Representatives from Jacoby indicate that they expect demolition of the plant to be completed within a year, and phased construction beginning in late 2009. The project is expected to include 2,081,400sf of office space, 1,662,000sf or retail, 980,000sf conference center with a 1,440-room hotel, 500,000sf data or distribution center, and 4,000 off-airport commercial parking spaces.

The Jacoby/Ford project, which has yet to be given an official name, will benefit from its proximity to the world's busiest airport, access to interstate highway and rail systems, and close proximity to downtown Atlanta. Jacoby anticipates final buildout by 2025, with much of it completed well before then. The final development cost of the project is expected to exceed $1 billion dollars, which will greatly enhance the City's tax base.

Click here to see the Ford/Jacoby conceptual redev
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