Industrial Boom Not Always a Given for Properties Along Fulton Industrial Boulevard

E Host Solution General Updates

The rapid growth of e-commerce sales during the coronavirus pandemic has been a huge catalyst in the industrial boom happening across metro Atlanta. And while our region has ranked at the top nationally for opportunities to develop industrial real estate projects, incentives are still needed to help Fulton County better compete with neighboring counties like Douglas and Cobb, as well as other areas around Georgia. The Development Authority of Fulton County (DAFC) has played a vital role in bringing major investment to the County by supporting industrial real estate projects which typically seek to develop in the southern end of Fulton. Another area ripe for this type of industrial development is part of the Fulton Industrial Boulevard (FIB) sub-market which currently lacks existing buildings that provide modern, state-of-the-art distribution facility and warehouse options. As far back as 2006, the City of Atlanta recognized the potential of this area in its formation of the Hollowell/M.L. King Redevelopment Plan and Tax Allocation District. Several concerns were raised in the plan about the need to develop projects and create jobs in the area because a significant portion of developable land is underutilized, a large percentage of property does not generate tax revenues and current employment opportunities are limited. Fast forward to today, the larger FIB area has seen significant investments from companies like UPS and Amazon, but some areas along this corridor are still grappling with the same issues. In fact, Fulton County recently partnered with ULI Atlanta to convene a Technical Assistance Panel (TAP) of seasoned experts to develop a plan to best position the FIB Corridor into a successful industrial and logistics district while also creating a more-aesthetically pleasing gateway into the City of Atlanta. The DAFC Board of Directors approved a project this month that helps meet some of the …

ULI Atlanta Advises Fulton County on Developing World-Class Industrial District

DAFC Mgmt General Updates

On September 30th and October 31st, 2020, Fulton County partnered with ULI Atlanta to convene a Technical Assistance Panel (TAP) consisting of unpaid volunteers from the 1,400 ULI members in the Atlanta District Council chosen specifically for this assignment. The Fulton County project included ten other seasoned real estate, development, and finance professionals from ULI Atlanta’s membership — and I served as Project Manager. Our group was tasked with identifying market-driven development opportunities for Fulton County-owned properties located adjacent to the Airport and advising on how best to catalyze that development. The culmination of our work on this project and recommendations can be found in the final report here. “With plans for over $100M in county-driven investments over the next 5 years in the Fulton Industrial Boulevard corridor, Fulton County is poised to stand out as a national leader in transformational redevelopment,” said Anna Roach, Chief Operating Officer of Fulton County. “With the coming public projects, Fulton County will spur new and diverse developments that create a vibrant, amenitized area, while maintaining the FIB corridor as a top industrial and logistics district.” Read on