SeaQuest DSV

The Mall at Stonecrest’s New Anchor, Priví, Completes Phase II and Acquires $8.3 Million For A Food Hall and Tourism Attraction Addition

Retrieved on: 
Wednesday, May 10, 2023

Developers of the east Atlanta shopping and entertainment complex recently announced the completion of Phase II renovations at Priví, a 143,000-square-foot lifestyle adaptive reuse of the former Sears department store.

Key Points: 
  • Developers of the east Atlanta shopping and entertainment complex recently announced the completion of Phase II renovations at Priví, a 143,000-square-foot lifestyle adaptive reuse of the former Sears department store.
  • The nine new tenants will join Phase I anchor SeaQuest on the mall’s lower level.
  • Dallas-based Bay Mountain Capital recently provided an additional $8.3 million in financing that will continue the momentum of Priví, including building the new chef-driven food hall on the second level.
  • Complementing the food hall will be a 10,000-square-foot history and cultural center designed to educate and stimulate visitors’ interest in African American 20th-century business, civic, creative, health, and athletic achievements.

Stonecrest Resorts Reveals 12 Signed Tenants for Priví Including Hand & Stone and Original Hot Dog Factory for Phase II Opening This Fall

Retrieved on: 
Monday, October 3, 2022

Stonecrest Resorts, developer of the Sears adaptive reuse project at The Mall at Stonecrest, has announced twelve new tenants coming to Phase II of Priv, which is set to open this Fall.

Key Points: 
  • Stonecrest Resorts, developer of the Sears adaptive reuse project at The Mall at Stonecrest, has announced twelve new tenants coming to Phase II of Priv, which is set to open this Fall.
  • We are thrilled to announce these new tenants as part of our mix at Priv, said Vaughn Irons, Principal, Stonecrest Resorts.
  • Commitments for later phases of development include:
    The Original Hot Dog Factory: The Atlanta-based Original Hot Dog Factory has over 20 different hot dog options as well as hamburgers, wings, shakes, and desserts on the menu.
  • For the latest updates on openings and construction, including renderings, visit StonecrestResorts.com or follow Priv Stonecrest on Facebook, Twitter, and Instagram.

Developer Announces Plans To Add Lifestyle Complex To Former Sears Building

Retrieved on: 
Monday, March 28, 2022

STONECREST, Ga., March 28, 2022 /PRNewswire-PRWeb/ --Stonecrest Resorts, a commercial real estate development company, today announced phase two plans to turn the former Sears building located in The Mall at Stonecrest into a family entertainment and lifestyle destination. The $17 million adaptive reuse project will be called Priví and feature a food hall with several entertainment concepts on the upper level and a health and wellness center, an event facility, and a full-service co-working space designed for creative industry professionals on the lower level.

Key Points: 
  • "We've already enhanced the Mall's offerings with our financial investment in the opening of SeaQuest," said Vaughn D. Irons, principal and developer of Stonecrest Resorts.
  • "We were able to accomplish both phases of development with private dollars and without asking the taxpayers to fund this project," said Irons.
  • Forum Partners, a London-based global real estate investment and asset management firm provided private equity for the project.
  • The building is 85% leased and the full slate of tenants will be revealed in future announcements.