City Market and Parking Deck Approved for The Grove at Towne Center
Advancements continue in preparation to break ground in 2020.
Snellville, GA — The City of Snellville, along with co-developers CASTO and MidCity, is pleased to announce that the City Market Construction and Leasing agreement between the City and Mid Cast Snellville has been approved by City Council. The Grove’s $85 million first phase is still scheduled to commence construction in 2020 and begin to deliver in 2022.
“The continued progress is exciting to see,” said Kirk Demetrops, President and Founder of MidCity Real Estate Partners. “Every advancement being made brings us closer to breaking ground and being able to provide visible progress of this highly-anticipated development.”
The approval of the agreement for the City Market is an important development, as the city will utilize Mid Cast’s expertise in construction and leasing for the anticipated mixed-use building. Additionally, the city also approved $366,603 to Winter Construction for completing the pre-cast concrete engineering by Metromont Precast Building Solutions for the city’s new parking deck.
“With the approval of this Market construction and leasing agreement, we now have every piece of The Grove at Towne Center under design and moving toward construction,” said Snellville Mayor Barbara Bender. “We are glad to partner with Mid Cast on this key piece of the entire enterprise and, together, we believe we will create a unique and sophisticated dining/entertainment venue, which will attract customers from all over our region.
The Grove at Towne Center will be a large scale, mixed-use town center property, comprising 18 acres between Oak Road, Wisteria Drive, North Road and Clower Street, in downtown Snellville. The Grove at Towne Center’s first phase will include over 50,000 square feet of retail, restaurant, office and entertainment space, and approximately 250 multi-family luxury apartments. In addition, the new Elizabeth Williams Library will be constructed and include a 2nd floor business development/accelerator space.
For more information and updates on the Grove at Towne Center project visit www.snellville.org/the-towne-center-snellville.
CASTO, a fully integrated real estate organization since 1926, is a recognized leader in the ownership, management, acquisition and development of multifamily residences, mix-use properties, commercial shopping centers and office buildings. CASTO’s growing portfolio currently includes more than 26 million square feet of commercial property and more than 4,000 residential units located throughout the midwestern and southeastern United States. CASTO is headquartered in Columbus, Ohio, and serves a variety of clients from five offices in Florida, North Carolina and Ohio. To learn more about CASTO, visit castoinfo.com.
ABOUT MidCity Real Estate Partners
Founded in 2009, Atlanta based, MidCity Real Estate Partners acquires, repositions, and develops office, and mixed-use properties. MidCity is known in the Atlanta market for their work on Alpharetta City Center, which was named a 2018 Development of Excellence for Exceptional Merit for Context-Sensitive Town Center Development, by the Atlanta Regional Commission. Through MidCity Realty Corporation, an affiliate real estate brokerage company, MidCity offers a full range of advisory services. MidCity is the successor company to The Griffin Company, a 35-year-old full service commercial real estate development and construction company headquartered in Atlanta, GA. To learn more about MidCity, visit www.midcitypartners.com.
Snellville’s convenient Gwinnett County location, approximately 18 miles east of Atlanta and 45 miles west of Athens, has allowed it to prosper as a hub of commerce and retail in Northeast Georgia. Snellville’s roots extend to 19th century London when two friends traveled to America and later started Snellville’s rich history of commerce with stores of their own. Snellville is home to the award-winning Snellville Farmers’ Market, a world-class Veterans Memorial and one of the most decorated police departments in the state. Snellville is known for its dedicated volunteers and its celebrated diversity.
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