One of two groups named as finalists to develop a $400 million mixed-use project next to the new Braves stadium in Cobb County has bowed out, two people with knowledge of the situation said Thursday.
But it wasn’t clear — and the Braves wouldn’t say — if that means the other group will get the job or if the search for a lead developer will have to start over.
An Atlanta-led team of North American Properties, Hines Interests and Anschutz Entertainment Group is no longer involved in the project, the two people told The Atlanta Journal-Constitution, though they did not know why. Representatives for the development team declined comment.
A spokesman for the other finalist development team, headlined by prolific metro Atlanta developers Fuqua Development and Pope & Land Enterprises, declined to comment.
Last fall, the Braves announced their intent to move to Cobb in a new stadium and surrounding mixed-use development that would open in together in time for the 2017 baseball season.
The Braves have already missed a self-imposed February deadline to pick a development team for the entertainment complex and a mid-March target for having that group under contract. In a statement, the ball club did not acknowledge the departure of one finalist or the other known finalist.
“As we continue to make progress, we are even more optimistic and confident to bring both a world-class ballpark and a vibrant mixed-use development to Braves fans and the community,” the team said in a statement. “We have been dedicated to finding the best partners for the long term success of this project.”
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