Retail Expansion Kicks Off Near Atlanta
- Apr 30, 2018
Halpern Enterprises has broken ground on the second phase of The Shops at Belmont, which will add 12,000 square feet to the existing 47,593-square-foot Atlanta-area community retail center. Halpern anticipates the first stores will open this fall. The asset is part of the larger, 48-acre mixed-use Belmont development, which includes medical offices, apartments and single-family homes.
Located at the corner of Atlanta Road and Windy Hill Road in Smyrna, the project site is positioned a few miles west of the intersection of interstates 75 and 285, providing access to downtown Atlanta, 15 miles away. Cobb County’s transportation system operates a bus route along the northern edge of the development.
Growth in an emerging area
“Smyrna is one of metro Atlanta’s hottest markets for residential infill, which is spurring growth in retail and new home development,” Steve West, vice president of acquisitions and development at Halpern Enterprises, told Commercial Property Executive. “More than your typical live-work-play environment, Belmont responds to the needs of the community by including retail, residential, medical and an elementary school in one place. The second phase of The Shops at Belmont further increases the center’s appeal by adding a fitness studio and an organic dining concept.”
Two retailers, F45 Training and Real Subs Café and Deli, have signed leases to occupy a respective 2,400 and 2,100 square feet in the new part of the development. The first part of the shopping center, which opened in 2016, is home to a number of tenants including Creatwood Tavern, Opa Greek Village and Sprint. Halpern’s John Brozovic and Benjamin Halpern are marketing the remaining units in the second phase, as well as a vacant space in the first.
Image courtesy of Halpern Enterprises