{"id":1004740961,"date":"2024-12-17T07:50:13","date_gmt":"2024-12-17T15:50:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004740961"},"modified":"2024-12-17T07:51:53","modified_gmt":"2024-12-17T15:51:53","slug":"terry-commercial-eyes-greater-atlanta-retail-development","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/terry-commercial-eyes-greater-atlanta-retail-development\/","title":{"rendered":"Terry Commercial Eyes Greater Atlanta Retail Development"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/The-Gateway-Jasper.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004741074\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/terry-commercial-eyes-greater-atlanta-retail-development\/development-rendering-for-inspirational-purposes-only\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/The-Gateway-Jasper.jpg\" data-orig-size=\"1245,934\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Hand-out&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Development rendering, for inspirational purposes only.&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Development rendering, for inspirational purposes only.&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Development rendering, for inspirational purposes only.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Development rendering, for inspirational purposes only.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/The-Gateway-Jasper.jpg?w=1024\" height=\"768\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/The-Gateway-Jasper.jpg?w=1024\" alt=\"Exterior rendering of The Gateway, a future retail property in Jasper, Ga.\" class=\"wp-image-1004741074\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/The-Gateway-Jasper.jpg 1245w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/The-Gateway-Jasper.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/The-Gateway-Jasper.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/The-Gateway-Jasper.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">The Gateway will be part of a master-planned community. <em>Image courtesy of Terry Commercial Realty<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Terry Commercial Realty intends to develop The Gateway, a 40,000-square-foot restaurant and retail property in the exurban Atlanta town of Jasper, Ga. Plans are still in the early stages, with permitting still ahead.<\/p>\n\n\n\n<p>The property will be part of a master-planned community with about 400 residential units within walking distance of its commercial buildings. All residences are slated for completion before the opening of The Gateway.<\/p>\n\n\n\n<p>Initial renderings focus on a common area and green space that will be flanked by an anchor restaurant on one side and a food hall on the other. Designed to have a town-square vibe, the common area could house a wide variety of events, from morning yoga and cornhole tournaments to live music, Dave Terry, president &amp; founder of TCR, said in prepared remarks.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/icsc-special-report-retails-big-space-race\/\">Retail\u2019s Big Space Race<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Evan Lockwood at Wilson Hutchison Realty, the project&#8217;s leasing agent, envisions such tenants as coffee shops, pizzerias, boutique retail and coworking spaces. The locally based TCR itself dates from late 2022, with a focus on development and redevelopment efforts in Pickens County.<\/p>\n\n\n\n<p>The property will be off the main road through the area, Georgia State Route 515, which connects northern Georgia&#8217;s mountainous region with the outer suburbs of Atlanta. Jasper, seat of Pickens County, is in the northern reaches of the Atlanta MSA. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-atlanta-retail-in-demand\">Atlanta retail in demand<\/h2>\n\n\n\n<p>The greater Atlanta retail market is tight, with a vacancy rate of 3.7 percent in the third quarter of this year, according to a <a href=\"https:\/\/www.colliers.com\/en\/research\/atlanta\/24q3-atlanta-retail-market-report\" target=\"_blank\" rel=\"noreferrer noopener\">Colliers report<\/a>. The rate witnessed was up 30 basis points over the year, but still remained below the market&#8217;s five-year average by 50 basis points.<\/p>\n\n\n\n<p>Though demand is there, supply continued to grow at a relatively slow pace. The market&#8217;s new deliveries totaled 230,000 square feet in Q3, barely above half of the square footage that came online same time last year. <\/p>\n\n\n\n<p>Meanwhile, Atlanta&#8217;s retail development pipeline reached an all-time low at 800,000 square feet. During the third quarter of 2023, 1.9 million square feet were underway.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This property will be part of a master-planned community.<\/p>\n","protected":false},"author":1023,"featured_media":1004741074,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21782,21742,21749,32781],"tags":[],"class_list":["post-1004740961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-development","category-latest","category-retail","category-southeast"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Terry Commercial Eyes Greater Atlanta Retail Development - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Terry Commercial Realty plans to develop The Gateway, a 40,000-square-foot restaurant and retail property in Jasper, Ga., north of Atlanta.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/terry-commercial-eyes-greater-atlanta-retail-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terry Commercial Eyes Greater Atlanta Retail Development\" \/>\n<meta property=\"og:description\" content=\"Terry Commercial Realty plans to develop The Gateway, a 40,000-square-foot restaurant and retail property in Jasper, Ga., north of Atlanta.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/terry-commercial-eyes-greater-atlanta-retail-development\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-17T15:50:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-17T15:51:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/The-Gateway-Jasper.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1245\" \/>\n\t<meta property=\"og:image:height\" content=\"934\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/terry-commercial-eyes-greater-atlanta-retail-development\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/terry-commercial-eyes-greater-atlanta-retail-development\/\",\"name\":\"Terry Commercial Eyes Greater Atlanta Retail Development - 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