Friday, July 17, 2009, 3:25pm
Dendreon may put plant in Atlanta
Atlanta Business Chronicle – by Urvaksh Karkaria and Douglas Sams Staff Writers
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Dendreon Corp., the Seattle-based drug maker, is looking at Atlanta’s south side for an $80 million advanced manufacturing plant that could create at least 300 jobs.
A biomedical company plans to invest about $80 million in a manufacturing operation on Atlanta’s south side and create at least 300 jobs.
The firm, whose name could not be obtained, has been searching for a site for several months, but recently focused on a plan to locate high-tech manufacturing in a new 200,000-square-foot building in Majestic Realty Co.’s Airport Center project in Union City, sources familiar with the deal said.
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Imagine Downtown Inc., an affiliate of Atlanta Development Authority and Central Atlanta Progress, closed its first New Market Tax Credits loan to the Aerotropolis Atlanta (Phase I) in late May. Using $30 million of tax credit authority, IDI provided a loan of $6 million to developer Jacoby Development, Inc., the same company that oversaw the development of Atlanta’s acclaimed Atlantic Station mixed-use neighborhood. The project, which is to be located adjacent to Hartsfield-Jackson Atlanta International Airport, will develop a regional job and retail complex with up to 6.5 million square feet available for offices, retail, a hotel and a conference center over several phases. At full build-out, it is estimated that the project will create more than 10,000 jobs. Aerotropolis Atlanta is one of the largest shovel-ready projects in the Atlanta region.
Phase I is a $96 million project that will demolish all buildings and complete environmental remediation of the site, formerly the Ford Atlanta Assembly Plant. A 4,000-space off-airport parking facility with the largest clean-energy solar power array in the southeast will be constructed. Aerotropolis Atlanta will serve as the nearest parking location to the planned International Terminal, opening in 2011, and an attractive site for new businesses.
IDI was awarded an allocation of $80 million in New Market Tax Credits from the U.S. Department of the Treasury in 2007 and 2008.
Mark Dodson of The Private Capital Group e-mailed this news. He also reminded that two years ago they were almost 8%.
Governor Perdue announced today that due to significant rainfall and improved water supplies the Georgia Environmental Protection Division (EPD) has issued a non-drought schedule for outdoor water use for the first time since June 2006.
Number of graduates: 54
Percent accepted to a college or university: 100%
Total number of college acceptances: 166
Armed Service Academy appointments: 6
Seniors who have signed to play college athletics: 7
Seniors who have earned an Eagle Scout rank: 5
Total scholarship amount received: $3,815,600*
Average scholarship amount per student: $70,659
*does not include funds from HOPE Scholarship
Prices on standing inventory at The Courtyards of Hapeville has been slashed! There has never been a better time to buy.
Kraft Foods Inc., the nation’s largest food company, is targeting Atlanta’s south side for up to a 1.1 million-square-foot warehouse and distribution center that could create at least 200 new jobs. See the Atlanta Business Chronicle story by Douglas Sams at atlanta.bizjournals.com/atlanta/stories/2009/06/29/story1.html?ana=e_ph
