DEKALB COUNTY, GA – Thousands of drivers drive past General Motors’ former assembly plant along Interstate 285 in Doraville, which closed in 2008 as a movie and entertainment center.
The Doraville Downtown Development Authority unanimously voted Monday night to transfer 128 acres of the land known as the Assembly Project to a Gray Television subsidiary called Pearl Railroad Assembly Yard LLC first reported by Bisnow.
Gray Television owns or operates television stations and digital real estate in more than 90 US television markets, including Savannah, Augusta, Albany, and Columbus. Bisnow reported that The Gipson Co. is also a partner in the purchase and will be the main developer.
Gray Television’s plans to purchase 128 acres include “film production studios and research and development,” on Monday’s Development Agency agenda. A site plan for the first phase of mixed-use development includes at least 10 film studios on 17 hectares and a separate building for “e-gaming, digital media and robotics”.
Gipson plans to take advantage of some of the features that Integral Group, the property’s former developer, had already launched. This includes plans for 150 townhouses and a Apartment project with almost 850 residential unitsreported the Atlanta Business Chronicle.
The Development Agency owns the property under a 2016 contract with Integral Group that included $ 1.5 billion in bonds approved by an Integral subsidiary to make improvements to the former GM facility. This deal also included a 35 percent property tax break over 30 years.
“The City of Doraville is excited to partner with Gray Television on this historic development,” said Joseph Geierman, Doraville Mayor. “We have worked with Gray for months to re-design the old General Motors facility. Together, we have developed a plan that will attract thousands of new jobs and millions of dollars in new investment. Our plan is a big leap into the future of ours.” Corporate city. “