DEKALB COUNTY, GA – Thousands of drivers walk past the former General Motors assembly plant along Interstate 285 in Doraville, which closed in 2008. The sleepy lot will soon see a rejuvenation as a Atlanta Media plans to turn it into a new 128-acre movie and entertainment center.
The Doraville Downtown Development Authority voted unanimously Monday night to transfer 128 acres of the property, called Project Assembly, to a Gray Television subsidiary called Pearl Railroad Assembly Yard LLC, which was first reported by Bisnow.
Gray Television owns or operates television stations and digital properties in over 90 US television markets, including Savannah, Augusta, Albany and Columbus. Bisnow indicated that The Gipson Co. is also a partner in the purchase and will be the primary developer.
Gray Television’s plans to purchase 128 acres include “film production and research and development studios,” according to the development authority’s agenda on Monday. A site plan for the first phase of mixed-use development includes at least 10 movie studios on 17 acres and a separate building for “electronic games, digital media and robotics.”
Gipson plans to use some of the features Integral Group, the property’s former developer, had already launched. This includes plans for 150 townhouses and a nearly 850-unit apartment project, the Atlanta Business Chronicle reported.
The development authority owns the property under a 2016 deal with Integral Group, which included $ 1.5 billion in bonds approved to a subsidiary of Integral to make improvements to the old factory. GM. This agreement also included a property tax relief of 35 percent over 30 years.
âThe city of Doraville is delighted to partner with Gray Television for this historic development,â said Doraville Mayor Joseph Geierman. âWe’ve been working with Gray for months to reinvent the old General Motors plant. Together, we have crafted a plan that will attract thousands of new jobs and millions of dollars in new investment. Our plan is a big step in the future of our city. “