Ackerman & Co.’s Hotel Project in Augusta Contributing to City’s Economic Resurgence

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SunTrust Park in Atlanta isn’t the only new ballpark in Georgia serving as a catalyst for economic development.

About 140 miles east of Atlanta, the first baseball game was recently played at SRP Park, the new home of the Augusta GreenJackets minor league team.

Like SunTrust Park – which is surrounded by the mixed-use Battery Atlanta – the 4,200-steat SRP Park is part of an ambitious multi-use development, Riverside Village. Dubbed a “live-work-play destination,” the project is bringing a total of $200 million in new development to North Augusta, S.C., across the Savannah River from downtown Augusta. Ga.

Crowne Plaza Riverside Village, located next to the new baseball stadium, is one of the key components of the project. A development partnership between Ackerman & Co. and Greenstone Properties, the 180-key hotel is slated to open in January 2019 and will feature a rooftop bar, a conference center, a restaurant and ballroom.

The project is part of Ackerman’s ongoing strategic investment in cities beyond its core market of Atlanta.

“It’s exciting to participate in a project like this that is helping to spur tourism and expand the business base of metro Augusta,” said Kris Miller.Augusta-Crowne-Plaza_blog-image_In addition to boosting tourism, Riverside Village aims to attract long-term residents with Ironwood Apartments (a 300-unit Class A apartment building) as well as single-family homes, condominiums and senior living residences.

Riverside Village will also include a vibrant town center, high-quality office space, wide-ranging dining options, and premier national and local retailers.

SRP Park has been packed with large crowds since its opening, and the completion of other projects are sure to generate even greater economic benefits for metro Augusta.

Noted an editorial in The North Augusta Star newspaper, “The ballpark and surrounding Riverside Village development can best be summed up as a symbol of North Augusta taking the next step as a city and must-stop destination for visitors.”