Smyrna City Councilman Ron Fennel said the reconstruction is expected to cost $4 million.
Like Ponce City Market, Riverview will include a mix of homes, shops, restaurants and green spaces, Jamestown said.
It will sit on the Chattahoochee River, on a former industrial site in southwest Smyrna, where the Georgia Tech rowing team now practices and where the REI Outdoor School outpost stands.
Jamestown said Riverview will be more like PCM than its other development projects to date, though it's still not clear what exact shape the development will take, what all it will include or when it will be finished.
There is currently no projected completion date for Riverview Landing, Jamestown said. It did not disclose how many homes, shops and restaurants are planned.
“Riverview Landing will be a serene, respite community and destination for those seeking authentic outdoor recreation and quality lifestyles on the countryside,” Jamestown CEO Matt Bronfman told The Atlanta Journal-Constitution in a statement.
When completed, Riverview will be Atlanta’s only mixed-use development with direct access to the Chattahoochee, Jamestown said.
The project was approved by the Smyrna City Council in 2013, the same year the council annexed the 82 acres of land bordering the river, according to previous AJC reports.
Fennel said that Jamestown did not present “very detailed plans about the area,” but said he was assuaged by their “vision to create a community.”
“We are excited that Jamestown is a major investor in the metro Atlanta area,” Fennel said.
He said he trusts the developers to be “good stewards of the land.”