GID Scores Financing for $2 Billion High Street Project in Atlanta
Firm Expects to Break Ground This Year on Mixed-Use Development in the Central Perimeter
By John Lowery October 14, 2021 | 2:51 P.M.
GID has secured financing to construct the first phase of High Street, the $2 billion, 36-acre mixed-use project the firm is set to develop in Atlanta's Central Perimeter.
Located steps from the Dunwoody MARTA station at the intersection of Perimeter Center Parkway and Hammond Drive, the expansive High Street development is slated to include about 600 apartments, 150,000 square feet of entertainment-driven retail and restaurants, 90,000 square feet of loft office and 222,000 square feet of existing office space.
High Street secured its first retail tenant for the project last month when it signed mini golf and entertainment venue Puttshack to a deal to open its second location in Atlanta. GID expects to break ground on the first phase of development later this year, with completion of High Street scheduled for some time in 2024.
Molly Morgan, Allie Spangler, Jeff Bellamy and Claire Ross of JLL's capital markets team are representing GID in the retail and office leasing at High Street. Ed Coco and Matt Casey of JLL's capital markets debt team arranged the construction loan for GID through Bank OZK.