With the sale of 280 acres to Kubota North American Corp., more than half of the planned Gateway Village development off Ga. 365 in northeast Hall County is spoken for.
Developer Capstone Property Group LLC “will keep the remaining approximately 235 acres for future development,” president Jonathan Collins said in an email last week.
Capstone does “have several prospects at this point for the remaining acreage,” he said. “But we will wait to proceed with any infrastructure site work until we make further progress with one of our prospects.”
The bulk of the development, which is across Ga. 365 from the Gateway Centre industrial park, got the Hall County Board of Commissioners’ approval in December, with a remaining parcel getting OK in 2019.
The development at 3240 Chiplan Drive could consist of up to 130,000 square feet of retail at the front of the property.
Industrial development on the site could be up to 2 million square feet, said Brian Rochester, a Gainesville engineer representing the developer, at the December meeting.
“On the back side of the property, we have a research and development center that would be developed between 100,000 and 500,000 square feet,” he said.
The total developable space on the property is 2.6 million square feet, Rochester said.
Gateway Village’s first resident will be Kubota, which announced in July it intended to invest more than $85 million into a new engineering and design center at 4275 Simpson Road, near the company’s manufacturing facilities at 2715 Ramsey Road.
Simpson Road juts off Whitehall Road, north of Chiplan Drive.