Georgia chooses private partner for transit centre

The Georgia DOT shortlisted three consortia in late January, and has now chosen a team to negotiate the contract for the construction of a major transit hub in downtown Atlanta.

Cleveland-based real estate group Forest City and two Atlanta-based real estate companies have been selected as the preferred master developer to construct a major transit centre in downtown Atlanta, Georgia.

The project, called the Atlanta Downtown Multi-Modal Passenger Terminal, or MMPT, involves constructing a transit hub that includes commuter train and bus terminals as well as commercial and residential developments. It could also include future high-speed rail and streetcar services.

The cost of the project has yet to be determined, according to the Georgia Department of Transportation (DOT). The MMPT is one of three projects that the Georgia DOT is pursuing as a public-private partnership.

The DOT expects to have the master developer team under contract by summer 2011, according to a statement.

The Georgia DOT received project proposals from three groups in January, and shortlisted all three bidders. The DOT, the City of Atlanta, the Georgia Regional Transportation Authority and others selected the winning consortium, which is made up of Forest City, Cousins Partners, and the Integral Group.

A consortium comprised of Terminus Development Partners, Jacoby Development, and John Buck, as well as a consortium comprised of H.J. Russell, Hines, and the Dawson Company, also submitted proposals.

The MMPT will be located in downtown Atlanta, though the master developer will have input in choosing the exact site of the terminal.

Both Forest City and Cousins Properties, a real estate investment trust, are listed on the New York Stock Exchange.