Atlanta Business Chronicle | Airport kicks off 1st phase of mixed-use project
The kickoff of the first phase of a major mixed-use development at Atlanta’s most important economic engine is this year’s Mixed-Use Deal of the Year in Atlanta Business Chronicle’s 2017 Best in Atlanta Real Estate Awards.
Last November, Atlanta Mayor Kasim Reed, along with representatives from Hartsfield-Jackson Atlanta International Airport, Majestic Realty Co., and Carter announced the approval of a ground lease to build a master-planned hotel/office development at the airport. A 50-year lease for the 26.5-acre site of the project had been approved unanimously by the Atlanta City Council in October 2016.
Phase I of the development will consist of an 11-story, 440-room, four-star InterContinental Hotel, to be designed by John Portman & Associates; 80,000 square feet of conference/meeting space; and an additional 60,000 square feet of class A office space.
The development will be located west and southwest of the airport's Domestic Terminal. Hotel visitors will have direct access to the domestic terminal via a new plaza, plus access to the SkyTrain, which travels from the airport to the nearby rental car center and Georgia International Convention Center.
"Hartsfield-Jackson Atlanta International Airport is the world's busiest passenger airport, and one of the region's most important economic generators," Reed said in a prepared statement. "With this partnership, Hartsfield-Jackson will soon have a world-class hotel worthy of the world's leading airport. We are making investments today to secure the future of the airport and create long-term economic and business growth."
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By Martin Sinderman, Contributing Writer - Atlanta Business Chronicle
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