Cousins to develop new project in Gwinnett.ATLANTA--(BUSINESS WIRE)--Dec. 16, 1994--A major new mixed-use development Mixed-use development refers to the practice of allowing more than one type of use in a building or set of buildings. In planning zone terms, this can mean some combination of residential, commercial, industrial, office, institutional, or other land uses. in Gwinnett County in underway bringing 512,000 sq. ft. of retail space, 586 apartments and 130 single family homes to Lawrenceville. The combination commercial-residential development covers 211 acres at the intersection of Georgia highways 316 and 120, Lawrenceville-Suwanee Road and Walther Boulevard. Atlanta-based Cousins/New Market Development Co., Inc. recently broke ground on Lawrenceville Market, a $33 million retail power center situated on sixty acres. Major tenants include The Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box -- 103,000 sq. ft.; Target -- 117,000 sq. ft.; Marshalls -- 30,000 sq. ft.; 14 screen AMC (Advanced Mezzanine Card) See AdvancedTCA. Theaters -- 64,000 sq. ft.; and three other national anchor stores. The shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into will be constructed in one phase and opens October 1995. Cousins Neighborhoods, the residential affiliate of Cousins Properties Inc., expects to begin construction in January on 130 single family homes adjacent to Lawrenceville Market on seventy acres of land. Home prices will start in the $150's. In a related matter, 43 acres of the land assemblage was sold to Merry Land & Investment Co., Inc., Augusta, Ga.-based REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). , for the construction of 586 apartment units. Development manager on the project is the Polar-BEK Co. of Birmingham, Alabama Birmingham (pronounced [ˈbɝmɪŋˌhæm]) is the largest city in the U.S. state of Alabama and is the county seat of Jefferson County. . Work is expected to commence immediately on Phase I of the upscale apartments. CONTACT: Cousins Properties Inc., Atlanta Lisa R. Simmons, 404/955-2200 |
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