In a collaborative effort between MARTA and developers, Parkside Partners and Pattillo Industrial Real Estate, the stakeholders came together to mark a ceremonial milestone as the development named “Trackside”, MARTA’s third Transit-Oriented Development (TOD) project, continues construction.
Trackside, named for its proximity to the Chamblee rail station, is a $25 million project sitting on roughly 2.16 acres. The site will include two buildings with roughly 70,000 square feet of office space and 10,000 square feet of retail space, with 4,300 square feet of greenspace.
MARTA retains ownership of the site and is leasing the property to the developers. Pattillo will have their headquarters at the location.
Speakers at the event stood at a podium across the street using the Trackside construction site as a backdrop, helping to make it ever clear site prep for the project is well underway. The speakers included: Keith Parker, GM and CEO of MARTA, Chamblee Mayor Eric Clarkson, Kyle Jenks and Eli Green of Parkside Partners, LLC, and Josh Harrison of Pattillo.
Jenks said that the development is part of a “live, work, play” initiative. Working with Chamblee’s Mayor and Council on adaptive reuse projects in the past, the process for this new development came together in 2015.
Chamblee Mayor Eric Clarkson reflected on the development having “been a long road” with no other group having a greater impact on the area. “We’re very excited about this project. It’s our first Class “A” office project as part of the revitalization of our Downtown Area.”
During his comments MARTA’s GM and CEO Parker reflected on when he first started with the organization about four years ago. “One of my first conversations with the board was about external affairs and creating an office of Transit Oriented Development ,” he said. “I thought creating that office was going to be a way to change the conversation. I thought that if we could capitalize on these rail stations, we could change the way people talk about MARTA.”
Josh Harrison of Pattillo reflected on the team finding the site two and a half years ago with plenty of ups and downs along the way. “Development for the city of Chamblee is not for the faint of heart because you [Chamblee] protect your vision…We are on the leading edge of TOD and industrial development, and a vision for a connected Atlanta. Taking complicated issues and making them simple.”
At the location site across the street the stakeholders broke ground, Parker spoke to the media with a little Q&A stating that “part of MARTA’s economic engine is becoming more than just a transit system, using MARTA as a catalyst to bring in businesses.
The Post asked if the MARTA TOD is the goal for similar types of property out for bid for a number of MARTA property to be leased. Parker responded there are three reasons by we are leasing property to:
- Increase ridership;
- Improve neighborhoods; and,
- Make money with long-term leasing.
The contractor for the site is DPR Construction and is scheduled for completion in the spring of 2018.
Much more in the video attached to this post.