Hotel SF
Retail SF
Residential SF
Parking SF
Total
410,000 sf
105,000 sf
2.9 million sf
815,000 sf
4.2 million sf
Phase B – 2030 to 2035
0 sf
60,000 sf
4.8 million sf
1.3 million sf
6.2 million sf
Phase C – 2036 onwards
0.4 million sf
0.3 million sf
13.6 million sf
3.6 million sf
17.9 million sf
Total
Source: Central Atlanta Progress
The tables below summarize phased construction cost and phased square footage assumptions for new real estate development projects spurred by the Stitch. For each real estate type, the project team assumed the following construction costs:
● Hotel: $319 per square foot ● Retail: $402 per square foot ● Residential: $286 per square foot ● Parking: $166 per square foot
Hotel Construction Cost
Retail Construction Cost
Residential Construction Cost
Parking Construction Cost
Total
$0
$54.6 million
$1.7 billion
$252.8 million
$2 billion
Phase A – 2026 to 2029
$131.7 million
$42.1 million
$839.2 million $135.5 million
$1.1 billion
Phase B – 2030 to 2035
$0
$23.9 million
$1.4 billion
$208.8 million
$1.6 billion
Phase C – 2036 onwards
$131.7 million $120.6 million
$3.9 billion
$597.1 million
$4.8 billion
Total
Source: Central Atlanta Progress
APPENDIX 5: BUSINESSES IN NEW REAL ESTATE The table below summarizes phased job assumptions in new real estate development projects spurred by the Stitch. For each real estate type, the team assumed the following space needs for each job: ● Residential: 21,250 rentable SF per worker ● Retail: 400 rentable SF per worker
● Parking: 15,000 rentable SF per worker ● Hotel: 1,000 rentable SF per worker
K-63
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