Atlanta — GID Development Group has broken ground on the first phase of High Street, a $2 billion, 36-acre mixed-use development in Atlanta’s Central Perimeter. Phase I of High Street will deliver 150,000 square feet of retail and restaurants and an approximately 7,500-square-foot lawn.
Located at the intersection of Perimeter Center Parkway and Hammond Drive, High Street will be situated close to the Dunwoody MARTA Station. Upon completion of all phases, High Street will encompass 672,000 square feet of Class A office space, a 400-key hotel, 400,000 square feet of curated shopping, dining, fitness and entertainment and 3,000 residential units.
Puttshack was the first anchor tenant to be announced for the project in September and will open as part of the first phase of High Street. The entertainment concept will occupy a 26,000-square-foot space and feature four tech-driven, mini golf courses. Molly Morgan and Allie Spangler of JLL are leading leasing efforts for the retail portions of the project.
In October of this year, Ed Coco and Matt Casey of JLL Capital Markets arranged a construction loan through Bank OZK on behalf of GID for the first phase of the project. The loan amount was not disclosed. Other development partners on the project include Brasfield & Gorrie as the general contractor; Dwell Design Studio as the architect; Site Solutions as the landscape architect and Elkus Manfredi as the master plan architect.