New Developments in Roswell
Roswell Village Shopping Center
Roswell Village Shopping Center is a 149,261-square-foot community shopping center being redeveloped and managed by Sterling Organization (www. sterlingorganization.com) which has over 10 million square feet of retail assets in its portfolio. RV is in build-out and located at the intersection of Holcomb Bridge Rd and Hwy 9. New anchors include Ross Dress for Less, Marshalls and Crunch Fitness. Other businesses slated for RV include: Curves, Sarah’s Donuts, RV Shoe Repair and Phenix Salon Suites. Current and remaining tenants include: Taco Linda, Jersey Mike’s and Pizza Hut.
500 New Jobs For Roswell
McKesson Corporation, a global leader in healthcare supply chain management solutions, retail pharmacy, and healthcare information technology, will be moving its Atlanta Hub to Roswell, Georgia in 2019. This move will relocate existing employees from the company’s current office in Alpharetta bringing more than 500 high-quality jobs to the city of Roswell, with an anticipated move-in date in the summer of 2019. With this move, McKesson will become a Top 5 company in Roswell by number of employees. The company has signed a 10-year lease for 104,000 square feet in the Stonebridge I building of Sanctuary Park, located at 1110 Sanctuary Parkway, which is the portion of the office park within Roswell city limits. Major factors in the decision to relocate to Roswell include location, availability of space, and quality of life. This location is also in Roswell’s Opportunity Zone, an area of the city designated as part of the state incentive program that provides tax credits for net new jobs created within the State of Georgia.
New Hotels Coming Soon
Since 2017, four hotel projects—one boutique and three business class— have been announced for Roswell. Home 2 Suites by Hilton and Springhill Suites by Marriott were announced in July 2017, Element by Westin was announced in March 2018, and Canton Place Development announced the expansion of its boutique hotel and mixed-use project in September 2018. So, where do these hotel projects currently stand since the news broke for each? We’d like to provide you with a quick project update for all four hotels. Home 2 Suites and Springhill Suites, which are both located off Westside Parkway, broke ground in 2018 and are projected to finish construction by late 2019, early 2020. Combined, these two projects will bring 196 rooms to the city for business travelers. Element by Westin, located between Home 2 Suites and Springhill Suites, has received its land disturbance permit (LPD) and broke ground by the end of 2018. Element will have 91 rooms, an outdoor pool, restaurant, full-service bar, and a 250+ capacity meeting space. Once complete, these three business class hotels will bring an estimated 150+ new jobs and approximately $39 million in capital investment to Roswell, along with an estimated $598,000+ in annual revenue generation for the city. Canton Place Development’s Boutique Hotel and mixed-use development, which is planned to open in Roswell’s Historic District, will include 125 rooms and a variety of unique, curated retail and restaurant space. This $88.2 million project is hoping to break ground by the end of 2018, with plans to be completed by the end of 2020.
Roswell Downtown Development Authority Announces Selection for 'Southern Skillet Plaza' Redevelopment
Roswell Downtown Development Authority announced on Jan. 11, the selection of S.J. Collins Enterprises to redevelop the Southern Skillet Plaza site. S.J. Collins Enterprises, a commercial real estate development firm based in Fairburn, was one of six developer submissions in response to the DDA's request for proposal on Oct. 31. The ‘Southern Skillet’ site is located off Alpharetta Highway with access to Frazier Street. The closing date of this $5 million agreement is targeted for June with construction projected to start by the end of 2019. Per S.J. Collins Enterprises’ proposal in November, the site will be redeveloped for mixed-use with intentions for “a boutique grocery store, restaurants, shops and offices.” “Our team looks forward to the opportunity to bring a dynamic and diverse customer experience to this thriving and emerging location,” said S.J. Collins Enterprises Partner Jeff Garrison. S.J. Collins intends on bringing a “boutique grocer” to the space. As for retail, intentions are for businesses locating there to be “complimentary to the type of customer who will go to the grocery store and restaurants," citing “yoga, salon and high end spa” as potential examples.