The city of Marietta has released renderings of a proposed 338,000-square-foot Ikea slated to open on Franklin Gateway.
The Swedish company is under contract to purchase 28 acres from the city for $9.25 million, and an adjacent six acres to build its second metro Atlanta location.
Marietta Mayor Steve Tumlin unveiled the deal at a city hall celebration Wednesday, characterizing it as a transformative economic development project. A city spokesperson said Ikea received no tax breaks or abatements.
The store is expected to hire between 250 and 300 full-time workers, in addition to creating hundreds of construction jobs. A timeline has not been set for construction and grand opening.
The plot of land is the former site of Marquis Place apartments, which the city bought and razed using $17 million in funds from a redevelopment bond issue approved in 2013.
MYAJC.COM: REAL JOURNALISM. REAL LOCAL IMPACT.
- Family of Cobb crossing guard: 'Whatever it takes' to improve safety
- Crossing guard's death sparks calls to address 'dangerous' road
- Cobb SCLC calls for Olens' ouster over KSU cheerleader controversy
Never miss a minute of what's happening in Cobb politics. Subscribe to myAJC.com.
Support real journalism. Support local journalism. Subscribe to The Atlanta Journal-Constitution today. See offers.
Your subscription to the Atlanta Journal-Constitution funds in-depth reporting and investigations that keep you informed. Thank you for supporting real journalism.