The Cobb Planning Commission approved rezoning for Stadium Walk this week. MCP-Ackerman Corporate Forum LLC plans to build the project on nearly 13 acres on Circle 75 Parkway, north of the new stadium site.
The MCP-Ackerman development will include:
• A five-story apartment building with 392 units ranging from 700 to 1,500 square feet and rents starting at $1,200. The building will have an eight-story parking deck.
• Two eight-story hotels with a combined 290 guest rooms.
• Two additional buildings, about 80,000 square feet total, for retail and restaurants.
The developer has not named potential retailers, restaurants or hotel brands. It did note that the hotels will not be extended-stay.
Corporate Forum, MCP-Ackerman’s existing office complex on the site, will be demolished. The timetable for the new construction will depend on expiration of existing leases, Moore said.
Moore said his firm, Moore Ingram Johnson & Steele in Marietta, is representing developers for at least three other major projects planned for the Cumberland-Galleria area. One is an office and hotel project, and two are mid-rise corporate headquarters buildings. He would not name the hotels or companies.
The Cobb Board of Commissioners must give final approval to Stadium Walk and any new projects.
Last week, the new owners of the Doubletree Suites by Hilton, which is adjacent to the stadium construction site, said the hotel will undergo a $6 million renovation, expected to be completed in 2017.