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Savannah riverfront primed for renewal

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A 54-acre, mixed-use development may very well change the face of downtown Savannah, Ga., within the next seven years. The Savannah River Landing, scheduled for completion in 2014, is being built east of the city’s existing downtown area on land that once was suitable only for growing rice and other wetlands vegetation.

The $800 million development will add two hotels, a 250,000-sq. ft. luxury shopping district, 200,000 square feet of premier office space, and new restaurants and residences. Five hundred cubic yards of dirt have been brought in to raise the land and grade it.

Phase one of the project, the shopping and dining district, is scheduled to open in 2009. When complete, the project will double the size of Savannah’s downtown riverfront, bringing it to one mile in length and adding a $16 million streetcar system.

Source: National Real Estate Investor