Pope & Land Real Estate recently announced that it has acquired 150 acres in the City of Emerson. The property marks the firm’s first acquisition in Bartow County.
Phase I is proposed to be a mixed-use development featuring a 65,000 square-foot retail village, two hotels, several restaurants, 150,000 square feet of office space, and 300 multi-family units.
Phase II will be approximately 60 acres for corporate offices aimed at attracting sports-related and international firms to Bartow County.
Pope & Land formed a venture with SSG Strategic Land Partners to acquire the land, which is south of the Sunoco gas station on Red Top Mountain Road east of I-75 and west of Waterside Drive. The site features approximately one mile of frontage on I-75, which will end up directly across I-75 from LakePoint Sporting Community, where SSG Strategic and its affiliated companies were responsible for virtually all of the land transactions related to LakePoint.
While several development groups that make up the LakePoint sports complex recently filed a Chapter 11 reorganization plan, LakePoint will continue to operate and will receive additional capital from its new owner, Rimrock Capital Management.
The land purchased is currently zoned for mixed use, so Pope & Land would not have to submit any rezoning requests. However, no drawings or plans have been submitted to the City of Emerson at this point. Those would have to be submitted before being granted any kind of permitting to begin construction.