The development is not subject to Mayor Keisha Lance Bottoms' February moratorium on new construction permits around the new Westside Park at Bellwood Quarry. Brock said construction will likely start in the late first quarter of 2021.
Steve Brock, the founder of Brock Built, is involved in a legal dispute with investor Gregory Todey over the ownership of property located near the Westside Park. The lawsuit shows how investors hope to cash in on depressed real estate prices in an area that's likely to be booming in the coming years. Most of the new development at Maddox Park is not part of the legal dispute, Adam Brock said.
In the second new project, AB Capital LLC plans a mixed-used development on two lots totaling eight acres at the intersection of Chattahoochee Avenue and Marietta Boulevard, according to documents filed with the state Department of Community Affairs. It will include about 433,000 square feet of nonresidential space and 660 multifamily residential units.
The lots are owned by the pharmaceutical manufacturing company Mikart according to county property records. The first phase is scheduled for completion 2023.
AB Capital did not respond to a call seeking comment.