Atlanta Creating Development Plan for Thousands of Acres of Airport Property

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Atlanta plans to create a “development and action plan” for hundreds of acres it owns around the Atlanta airport and thousands of acres it owns in Dawson and Paulding counties.

The city owns about 500 acres around Hartsfield-Jackson Atlanta International Airport, about 10,000 acres in Dawson County north of Atlanta, and about 9,400 acres in Paulding County, west of Atlanta. In a June 24 request-for-proposal it says it hopes to identify “innovative opportunities to realize additional value” from the airport’s real estate.

The city is seeking a real estate consultant to help it determine the “highest and best use” for airport-owned sites based on a market analysis of property types including office, cargo, logistics, industrial, retail, entertainment, “non-traditional,” residential and hotel. The consultant would also develop requests-for-proposals for property offerings that align with the strategic direction and advise on lease renewals and third-party master development proposals.

The city has scheduled a meeting for July 9 to discuss the project.

Creation of the new development plan comes as the city is moving forward with plans to develop “Airport City” including a new hotel at Hartsfield-Jackson. In June, three developers were named finalists for that project.

By Atlanta Business Chronicle

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