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March 21, 2013

North American Properties starts construction on Avalon mixed-use project in US

North American Properties (NAP) has started construction on a $600m mixed-use development in Alpharetta, Georgia, US.

By admin-demo

Avalon mixed-use development in US

North American Properties (NAP) has started construction on a $600m mixed-use development in Alpharetta, Georgia, US.

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The mixed-use development called Avalon is situated on 86 acres at the intersection of GA 400 and Old Milton Parkway.

After completion, Avalon will feature shops and restaurants, multi-family townhomes, single family homes, offices, an ice skating rink, a 300-room hotel and a 175-room boutique hotel.

NAP senior development manager Michael Davis was quoted by Construction Equipment Guide as saying that Avalon will be a walkable community where someone could walk to shopping, dining, office space, the cinema, a concert or yoga all in one community.

"We will be bringing a level of hospitality including concierge, valet, personal shopping, etc., that will be similar to a resort experience," Davis said.

The development will feature 559,000ft² of retail space, which has been leased to Regal Cinemas, Cru Food & Wine Bar, Marlow’s Tavern, Banana Republic and Orvis.

Plans also include 750,000ft² of office space, which will be housed in separate buildings, and an additional 85,000ft² of loft office to be built over retail.

Avalon will also feature public outdoor spaces, covering an area equal to the size of a football field, to host events and concerts.

Sustainable features of the project include a rain water collection system to irrigate landscaping throughout the development.

Monte Hewett Homes has secured the contract to construct 101 homes and townhomes in a community designed by Lew Oliver.

Wakefield Beasley will serve as the principal architect for the project while Site Solutions will be the landscape architect.

Hoar Construction will serve as the general contractor for the project and Greenstone Properties will lease the professional office lofts.

Hoar Construction director of pre-construction services Mark Winters said that the structures left in place from the previous development will be demolished.

"As part of the sustainability plan, all concrete and steel materials recovered from the demolition will be recycled. The recycled concrete will create approximately 20,000 tons of stone to be used under Avalon’s parking fields," Winters said.

The project, which is expected to complete in 2014, is projected to generate around $21m annually in sales tax revenue.


Image: Avalon will feature an ice skating rink, similar to the one at Rockefeller Center. Photo: Business Wire.

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Free Report
img

Internet of Things set to transform the construction industry

The Internet of Things (IoT) is proving hugely beneficial to the construction industry, allowing different assets and people to be monitored and accounted for across a traditionally fragmented industry. As a result, companies that invest in IoT now promise to make long-term gains in the industry. According to GlobalData forecasts, spending on IoT in construction will reach $9.6bn by 2025. For an industry that has large sites to manage, strict project timelines, hazardous working conditions, and tight profit margins, IoT can create a manageable view of construction sites for project managers, streamline operations, and protect workers. In addition, it allows real-time data streams of assets, automates time-consuming tasks, and ensures employee safety and productivity. IoT integration with equipment manufacturing also has rich advantages for asset monitoring sensors. This, combined with artificial intelligence (AI) can help forecast materials and workers needed during the procurement stage and assist in forecast financing. Read GlobalData’s whitepaper to find out more, including information on:
  • IoT value chain
  • Market size and growth forecasts
  • Mergers and acquisitions
  • Leading IoT adopters in construction
  • Specialist IoT vendors in construction
Don’t get left behind – find out how IoT can fortify your operations and make investments now.
by GlobalData
Enter your details here to receive your free Report.

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