Atlanta — GID and North American Properties (NAP) have formed a joint venture to develop High Street Atlanta, an 8 million-square-foot mixed-use project in Atlanta’s Dunwoody neighborhood.
At full buildout, the development will include approximately 1,500 apartment units, 1,500 condominiums, 400 hotel rooms, 400,000 square feet of retail space and 400,000 square feet of office space.
The transit-oriented project will encompass 10 city blocks with open spaces for events.
“By investing in the space between the buildings, the street-level gathering places where community and social collisions happen organically, we create a fundamentally different shopping experience than e-commerce,” says Mark Toro, managing partner of NAP.
GID will serve as master developer, while NAP will lead retail leasing, marketing, community engagement and retail property management. Construction on the project’s first phase is expected to begin in late 2019.
GID is a privately held and fully integrated real estate organization that develops, owns and operates a portfolio of properties valued at more than $15 billion. Cincinnati-based NAP is a privately held real estate operating and development company that has acquired, developed and managed more than $7 billion of properties nationwide.
In Atlanta, NAP developed the $1 billion Avalon in Alpharetta and is currently underway on Colony Square in Midtown and Revel in Gwinnett County.
— Kristin Hiller