A large, formerly industrial site on rapidly changing Memorial Drive will soon begin its transformation into a mega mixed-use center.
Prolific developer Jeff Fuqua has filed plans with the city to begin the first phase of his “Madison Yards” project. The development, which has been in the works for more than a year, will fill the site long occupied by manufacturer Leggett & Platt.
According to Bisnow, initial work on the site will replace the former mattress factory with more than 160,000 square feet of retail, 80,000 square feet of offices, a grocery, and movie theater. While the grocery store was formerly annouced as a Sprouts, rumors suggest it could now be a Publix.
In addition to the commercial development, 550 apartments will be developed by Greystar. A site plan indicates more than a dozen townhomes will rise, too.
The 17-acre site sits between Memorial Drive and Interstate 20, with one side bounded by the future Beltline right-of-way, a stone’s throw from Fuqua’s Krobar-based venture, Glenwood Place.
With nearly 70 percent of the project pre-leased, Fuqua plans to break ground in the next two months.
No word on how many Mattress Firms will be there.