Brokerage/ Construction Services/ Development/ Financing/ Property Management/ Pursuit Capital
Mixed Use/ Office/ Retail/ Structured Parking
2008 - 2011
14,600 SF Retail, 28,800 SF Office, 540 Parking Spaces
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Batson-Cook Development Company worked closely with the Athens-Clarke County Unified Government, the ACC SPLOST Office, as well as the Athens Downtown Development Authority to structure a Public-Private Partnership that was equitable for all parties and set realistic expectations. The project program was not overly aggressive and served to complement the existing downtown economy rather than compete with it. The project timeframe allowed sufficient time to orient tenants, capital sources and stakeholders with the opportunity presented. Batson-Cook Development’s relationship with Batson-Cook Construction allowed the development company to make commitments early in the process that ACC could rely on to satisfy constituents. ACC’s ownership of the underlying real estate took the risk of land acquisition off the table and permitted BCDC to establish financial parameters for the project at conception. The land was subjected to an air rights declaration creating three distinct parcels for the office/retail and the parking components, owned by BCDC and ACC, respectively. Together, they were able to extend the urban fabric of downtown Athens and spur economic development and business interest in the central business district.