Massive High Street mixed-use project in Dunwoody gets construction financing

Credit: JLL Capital Markets

Credit: JLL Capital Markets

The developer received a construction loan for the first phase of a $2 billion project

A $2 billion mixed-use project that’s poised to transform a large area within Dunwoody recently received financing for its first phase.

JLL Capital Markets announced Tuesday it obtained a construction loan to kick off the development of High Street, a 36-acre project in the Perimeter area near Hammond Drive and Perimeter Center Parkway. The project, which has been in the works since 2008, expects to break ground before the end of this year.

JLL, which stands for Jones Land LaSalle Incorporated, declined to comment further about the size of the construction loan or its specifics. The loan is with Bank OZK and will allow GID, the developer, owner and operator of High Street, to begin construction.

The first phase of the project will include 150,000 square feet of entertainment-driven retail and restaurants, roughly 600 luxury rental apartments, 90,000 square feet of loft office space and 222,000 square feet of existing office space. Puttshack is also opening its second metro Atlanta location within the space, acting as an entertainment-focused anchor tenant.

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The Atlanta Journal-Constitution’s former headquarters and a previous corporate office building for Macy’s are also being destroyed and redeveloped as part of the project. The first phase of the project is expected to be completed in 2024.