Summerhill Station will open in early 2023 along Hank Aaron Drive
Branch Properties today announces the acquisition of 4.4 acres to co-develop Summerhill Station, a Publix Super Markets-anchored shopping center in Summerhill on Atlanta’s Southside. Slated for delivery in early 2023, Branch purchased land for the 87,000-square-foot essential retail development from Carter, who is redeveloping the surrounding 19-block area into a bustling hub for retail, dining, housing and office, alongside Georgia State University’s athletic facilities.
Branch has already seen impressive leasing momentum at Summerhill Station, with a variety of users interested in joining the development. The center will feature a two-level parking deck, allowing for direct access to both levels of the retail buildings. The 50,000-square-foot grocery store will exhibit the traditional Publix layout, including a pharmacy and deli with indoor seating. The groundbreaking will take place before the end of 2021.
“This closing marks a milestone in our endeavor to bring the Summerhill neighborhood a much-needed, accessible retail destination with a quality grocery store,” said Branch Chief Investment Officer Jesse Shannon. “Carter has continued to make significant investments in the community, and Branch is proud to be a partner in the ongoing story of this area.”
Adjacent to the future Publix shopping center lies the recently redeveloped Georgia Avenue, which features a stretch of restaurants, retail and service providers, such as Wood’s Chapel BBQ, Maepole, Little Tart Bakeshop, Center Parc Credit Union and Big Softie. Along with the revitalized retail corridor, the entirety of the project includes a mix of multifamily and student housing options, townhomes from Hedgewood Homes and office space.
“We are excited to partner with Branch to lead the development of the Publix center in Summerhill,” said Scott Taylor, president and CEO of Carter. “We believe their expertise and experience in building best-in-class retail centers will bring a development of the highest quality to the neighborhood.”
In addition to Summerhill Station, Branch is currently underway on five other grocery-anchored shopping centers around Metro Atlanta and the Southeast, including Perimeter Marketplace in Dunwoody, Ga.; Hugh Howell Marketplace in Tucker, Ga.; Moncks Corner Marketplace in Moncks Corner, SC; The Market at Hays Farm in Huntsville, Ala.; and Merganser Commons at Dogwood Estates in Milton, Fla.
About Branch Properties
Founded in 1973 and based in Atlanta, Branch Properties, LLC is a private real estate investment firm primarily focused on the acquisition and development of high-quality, grocery anchored shopping centers located in the southeastern United States. Branch and its affiliated companies have acquired, developed and managed over $2.5 billion of commercial real estate, accounting for more than 12 million square feet of leasable space. Branch’s investment acumen, operating experience, market relationships and access to capital enable it to source and execute attractive risk-adjusted investment opportunities on behalf of its partners. To learn more about Branch, visit www.branchprop.com.
About Summerhill
Carter, in partnership with K. King & Company and Healey Weatherholtz Properties, is redeveloping Summerhill, an 80-acre mixed-use project in downtown Atlanta with Georgia State University as the anchor. The private development team is developing 35 acres into a mixed-use neighborhood including corporate office uses, traditional multifamily apartments, specialty and neighborhood retail and private student apartments. The developers’ vision is to activate the streets of Summerhill into a vibrant, walkable commercial corridor, while maintaining the neighborhood’s historic fabric. The combination of the new and existing commercial buildings will create an accessible, human-scale place where people want to eat, shop and hang out with friends or coworkers. To learn more, visit https://summerhillatl.com.
