ROSWELL, Ga., Nov. 6, 2014 (GLOBE NEWSWIRE) -- Duke Land Group today unveiled preliminary plans for Riverwalk Village, a 104-acre mixed-use community located in Roswell between Ga. 400 and Old Alabama Road. The ecologically driven development will add to the growing vitality of Roswell, attract new businesses and jobs, and generate millions of dollars in tax revenue for the city.
Approximately 43 percent of the land will be preserved open space, which will include parks and public spaces, pedestrian-oriented areas near retail and entertainment, and a system of public running, walking and biking trails that will connect the development and surrounding neighborhoods to the Chattahoochee River.
"In a location with existing ties to natural features like the Chattahoochee River, we wanted to embrace the topography and build on the substantial network of greenways and waterways that course through Roswell and the immediate region," said Kevin Sloan, principal land planner. "Our goal is to build a community-focused development with an ecological purpose."
The developers plan to enhance an existing lake with open channel streams that will meander through the development and provide stormwater control and management. Retailers, restaurants and boardwalks will surround the lake, providing an added amenity for the public to enjoy.
Duke Land Group enlisted a team of architects and land planners who specialize in land preservation and ecological developments. Architectural design will reflect Roswell's natural environment with warm, earth-tone colors and materials.
"Riverwalk Village will be a seamless extension from the Chattahoochee National Parkway with the addition of nature trails and sustainable water features," said Blair Schlossberg, founder and co-manager of Crown Holdings Group, an affiliate of Duke Land Group. "We look forward to continuing our collaboration with the City of Roswell and to enhancing a natural setting that residents, workers and visitors can all enjoy."
The preliminary plans follow the guidelines in the City of Roswell's Unified Development Code (UDC), and the development will include approximately 1,500 residential units, including single family attached, multifamily and active adult housing; 490,000 square feet of general commercial real estate including retail, restaurant, entertainment and grocery; 1.7 million square feet of office space; a 200-key hotel; and 200,000 square feet of civic and institutional space including the Swift School, a school for children with language-based learning differences.
"Riverwalk Village is a key development for Roswell. We have a strong need for Class A office and mixed-use space that offers convenient access to Ga. 400," said Steve Stroud, executive director of Roswell Inc. "The focus on the connection to the natural environment within Riverwalk Village will truly reflect Roswell's continued commitment to being eco-friendly and will be a true city centerpiece that echoes the spirit and authenticity of Roswell."
The proposed site plan, which has been filed and will be reviewed by the Atlanta Regional Commission (ARC), smartly positions the school near neighboring residential communities and places the office space adjacent to Ga. 400.
Traffic improvements to the Ga. 400 interchange at Holcomb Bridge Road are underway. The developers are continuing to conduct traffic studies and analyze ways to improve access points around the property.
Pending zoning and permits, construction is expected to begin in the fourth quarter of 2015.