Charlotte-based developer will add apartments, retail and green space to underutilized parking lot of Smyrna office building
Grubb Properties today announces the start of construction of the redevelopment of 2400 Lake Park Drive in Smyrna, Georgia. The redevelopment site consists of a 105,000-square-foot office building and surrounding 9.7 acres of unused space, planned to be developed into a vibrant mixed-use subdivided facility.
Grubb Properties’ plans include replacing much of the existing parking lot with a Link-branded apartment building, occupying 6.1 acres and featuring 277 one-and two-bedroom units; 16,000 square-feet of retail and active space; a parking deck structure; and the first section of a multi-use trail that could eventually extend south to The Battery, the mixed-use development built around the Atlanta Braves’ Truist Park. The plan, rezoned by the city of Smyrna in May of last year, aims to create amenity-rich connections within the surrounding community.
“Grubb Properties is committed to transforming underutilized spaces into areas that can serve the communities in which they exist,” said Chris DeBerry, senior development associate at Grubb Properties. “Our goal is to not only develop an active neighborhood with increased retail activity, but to also provide the community the essential housing and transportation opportunities that will positively impact residents’ daily lives.”
Grubb’s planned apartment units, located in a new five-story building, will feature essential housing under Grubb’s Link Apartments℠ brand. Designs under Link Apartments℠ focus on innovation, communication and connection, which will be reflected in the Lake Park Drive property. Link Apartments℠ communities are located in resilient and high-growth markets throughout the country, including Link Apartments Grant Park℠ and Link Apartments℠ Canvas in Atlanta. Essential housing and Link Apartments℠ fill the gap between subsidized and luxury apartments. The communities offer an amenity-rich living experience to residents who want to live near transit, employment, and entertainment venues.
The property will feature a state-of-the-art amenity package to enhance the resident experience. Community amenities include: fitness area and yoga room; spacious clubhouse room; cycle center to house over 150 bikes and a bike wash station; two outdoor courtyards; modern swimming pool with poolside seating; dog wash room; outdoor grilling station; coworking space.
2400 Lake Park Drive currently consists of a 105,000-square-foot Class-B office building and surrounding parking space. Grubb Properties will enhance transportation in the area with the proposed walking and biking trail, intended to eventually expand to connect to Truist Park. Given Truist Park’s catalytic impact in the Smyrna area, this location is prime for the essential housing needed to support families looking for a quality rental option.
About Grubb Properties
Grubb Properties, founded in 1963, is a vertically integrated real estate fund manager focused on the Essential Housing space through its Link Apartments℠ brand. Link Apartments℠ targets residents earning between 60% and 140% of area median income (AMI), directly addressing a growing crisis for essential housing, while providing residents with exceptional living spaces. Grubb Properties maintains a long-term perspective and its careful and measured approach to real estate investment has delivered resilient and impressive returns. Grubb Properties has received numerous sustainability designations and recognitions, and undergoes annual ESG assessments through GRESB. For more information, visit www.grubbproperties.com.