Alpharetta, Ga. — RocaPoint Partners and New York-based The Georgetown Co. have closed on the land purchase for HALCYON, a $370 million mixed-use development in Forsyth County.
The new development will be located directly off Georgia 400’s Exit 12 on McFarland Parkway in Alpharetta. Groundbreaking is scheduled for January 2016, and the grand opening is set for fall 2017. Phase I plans include 125,000 square feet of retail space.
Leased by JLL, HALCYON’s commercial village will include a movie or entertainment venue, gourmet market, outdoor outfitter, up to 10 local and regional full-service and fast-casual restaurants, a boutique fitness club and service retail. Up to 65,000 square feet of loft offices and built-to-suit spaces are included in Phase I of the village, as well as a 110-room hotel developed by Tharaldson Hospitality and a trailhead for Big Creek Greenway, a 9.6-mile paved recreation trail and linear park in Forsyth County.
When complete, HALCYON will have two hotels, more than 360,000 square feet of office and retail space and two miles of nature trails. RocaPoint has partnered with Monte Hewett Homes and Edward Andrews Homes to develop HALCYON’s for sale residences, which include 87 single-family units and 155 townhomes with prices starting in the high $400,000s.
Lew Oliver and Whole Town Solutions is the master architect and land planner for HALCYON, respectively. Wakefield Beasley has been selected as the commercial architect. The development team also includes civil engineers at Southeastern Engineering Inc. and land brokers with New South Realty Associates.