Major mixed-use project to open in Smyrna, Ga.

Photo of Jack Halpern standing front of the Publix at Jonquil

Commercial developer Jack Halpern on the 12-acre Jonquil development, which is set to open in late December. | Photo credit: Kathryn Ingall (Marietta Daily Journal)

by Jennifer Hafer
Reporter, Marietta Daily Journal

Before Publix or any other tenant was identified for the Jonquil development at the corner of Atlanta and Spring roads in Smyrna, commercial developer Jack Halpern had his eye on the property.

“We have been doing business in Smyrna for more than 50 years down the street at what was the Belmont Hills Shopping Center,” said Halpern, chairman of Halpern Enterprises. “We were always aware of the Jonquil site, and we watched as previous owners’ and developers’ plans succumbed to bad timing and the downturn in the economy that took place a number of years ago.”

So when the 12-acre property hit the market two and a half years ago, Halpern jumped on it, believing the site was in a good location with a great road network and that the city of Smyrna would embrace a mixed-use development there.

“In terms of our investment, it’s in the millions of dollars,” Halpern said. “Most of the initial investment was in the form of land, but we also spent a lot of money getting the site ready to be redeveloped. We demolished some of the improvements prior owners had made on the property that were no longer of any value to the development that we planned for the property, then there were utilities and new infrastructure.”

 

Keep reading at the Marietta Daily Journal.

Boom Town: Marietta Daily Journal details Halpern’s newest mixed-use projects

Marietta Daily Journal - Boom TownDetails about Halpern’s two new mixed-use developments, Belmont and Jonquil, are revealed in a double-feature in this morning’s Marietta Daily Journal:

SMYRNA — The retail shops at Belmont are completely filled, and the residential units, both houses and apartments, are filling up fast as the Smyrna redevelopment project nears completion.

Belmont is a 48-acre mixed-use development at the corner of Atlanta and Windy Hill roads that Jack Halpern, chairman of Halpern Enterprises, hopes will bring business and job opportunities to Smyrna and “improve the quality of life for Smyrna residents.”

In May 2008, the city approved a development agreement with Halpern Enterprises for the redevelopment of the former Belmont Hill shopping center, which was hailed as the largest shopping center in the South when it opened in 1954. The center was demolished in 2009, but further development was stalled by the economic downturn.

For the full story, keep reading “Boom Town” at the Marietta Daily Journal.