2018 Gwinnett Market report

2B ATLANTA BUSINESS CHRONICLE DECEMBER 14-20, 2018 Novare Group , which is building an urban-style residential development in Lawrenceville as part of its South Lawn project. “We think that Lawrenceville is the right place for this project because there is a municipal government there that has been supportive of it.” One of the largest developments out of Gwinnett is North American Properties ’ sprawling mixed-use project Revel, on a 118-acre site surrounding Infinite Ener- gy Center in Duluth. This $900 million multi-use development includes office, residential, retail, dining, green space and a full-service Westin hotel. For North American Properties, the site represented an opportunity to create another project similar to its successful Avalon development in Alpharetta. “We’re attracted to Gwinnett County, but moreso to Infinite Energy Center and being able to create a mixed-use environ- ment on that property,” said John Kelly , partner andvice president of development with North American Properties. Theproject includes aplanned400,000 square feet of retail, restaurants and enter- tainment, along with 750,000 square feet of office space and 900 residential units, as well as a 340-room hotel being devel- oped by Concord Properties , according to Kelly. The development will replace a large expanse of surface parking, which will be consolidated into two parking decks accommodating 2,500 and 900 vehicles. Concord Properties will begin building a 342-roomfull-service hotel as part of the Revel development next April. The facility will include 20,000 square feet of meeting and convention space. “The hotel will cater to large social events and not just conventions [at Infinite Energy Center],” said Mark Laport , pres- ident and CEO of Concord Hospitality Enterprises . “If there is a really large event in the convention center, we would be the headquarters hotel, and other hotels sur- rounding the center would certainly ben- CONTINUED FROM PAGE 1B GWINNETT MARKET REPORT