Atlantic Station^® Sets Grand Opening Date;
Visitors Get First Chance to Experience Unique Mixed-Use Community

Celebrations, Packed Schedule of Events Planned

ATLANTA (Sept. 29, 2005) – After nearly eight years of planning, development and construction, Atlantic Station officially opens to the public Thursday, October 20 at 10 a.m. Atlantans get their first chance to experience all the community offers, including shopping, dining, entertainment and public parks. The 138-acre mixed-use community, formerly the site of the historic Atlantic Steel Mill, is already home to several thousand residents and office workers living and working in the landmark redevelopment.

“Visitors, residents and workers in Atlantic Station now can enjoy in-town shopping and entertainment all within walking distance. In a city like Atlanta where residents rely on their cars as the primary form of transportation, Atlantic Station is changing the way we will think about where we live, work and play,” said Jim Jacoby, president of Atlantic Station and chairman of Jacoby Development, Inc.

A number of public events are scheduled surrounding the official opening:

Tuesday, Oct. 18

• Dillard’s Grand Opening Gala benefits the Georgia Aquarium, Boys and Girls Clubs of Metro Atlanta and the Georgia Conservancy.

Thursday, Oct. 20

• Atlantic Station Grand Opening Ceremony at 10 a.m. in Central Park.
• Regal Cinema hosts Regal Dollar Days to benefit local charities.
• Cocktails with a Cause, a fundraiser, benefits the Brand Atlanta Campaign and the Metro Atlanta Arts Culture Coalition.
• Atlanta Celebrates Photography displays Hide-and-Seek, a one-of-a-kind digital projection by renowned New York artists Paul Kaiser and Shelley Eshkar, featuring two children as they play hide-and-seek in the make-believe urban geography of their imaginations. The work is on display in Atlantic Station through Nov. 20.

Friday, Oct. 21

Star 94 hosts a free concert featuring Collective Soul and Natasha Bedingfield with a fireworks display immediately following the show.

Saturday, Oct. 22

Atlantic Station hosts a Hot Air Balloon Glow from 5-9 p.m., sponsored by Raving Brands. Guests will experience a spectacular balloon glow in synchronized fashion on the streets of Atlantic Station after sunset.

Oct. 21-23

Ongoing family activities are planned throughout the weekend, including prizes every hour, courtesy of Atlantic Station retailers, and live radio broadcasts from Star 94, Classic Soul 102.5, Smooth Jazz 107.5, Hot 107.9 and Praise 97.5.

Parking in Atlantic Station is free to all visitors throughout the grand opening weekend.

Following the week of grand opening festivities, the statues “Peace” and “Justice,” of the National Monument Foundation’s Millennium Gate, created by internationally-renowned sculptor Alexander Stoddart of Scotland, arrive in the community on Thursday, Oct. 27. The American Cancer Society’s “Making Strides Walk” begins and ends in Atlantic Station on the morning of Saturday, Oct. 29. Atlantic Station also hosts the Brand Atlanta Campaign ambassadors, starting Oct. 18.

Atlantic Station’s retail district is anchored by Dillard’s, Regal Cinemas and Publix. Other retailers include American Eagle Outfitters, Ann Taylor Loft, Atlantic Cleaners & Tailors, Banana Republic, Bath & Body Works, Bonehead’s Seafood, California Pizza Kitchen, Cingular Wireless, City Sports, Copeland’s Cheesecake Bistro, Doc Green’s, DSW, Express/Express Men, Eye Gallery, Fox Sports Grill, Gap, The Grape, Guess?, Jos. A. Bank, Moe’s Southwest Grill, Old Navy, Pier 1 Imports, PJ’s Coffee and Lounge, Tahitian Noni Café, Taste Clothing Boutique, Victoria’s Secret, Washington Mutual, West Elm, White House Black Market, Wolf Camera and Z Gallerie. IKEA is also located in Atlantic Station and is currently open. Bars and Restaurants Claddagh Irish Pub, Rosa Mexicano and Strip Steaks & Sushi are slated to open by the end of 2005.

With residents already living in condominiums, townhomes and apartments in Atlantic Station, additional residential units will be completed within the next 12 months. These include 303 lofts being built above retail space within the retail/entertainment district, 86 student housing units, 322 condo units and 242 apartments all being built by the Lane Company, as well as 12 single family homes and 34 single family attached homes being built by Beazer. Beazer will be conducting hard hat tours of homes currently under construction on the Oct. 22 and 23 from noon to 5 p.m.

Also currently under construction is hotel TWELVE, built by Novare, which is scheduled to open in February 2006 and will include 404 condominium units, 101 hotel rooms, 5,000 square feet of ballroom and meeting space, 5,000 square feet of restaurant space and another 10,000 square feet of retail space.

Co-developed by Jacoby Development and AIG Global Real Estate Investment Corp., a member company of American International Group Inc. (AIG), the ATLANTIC STATION® redevelopment is a 138-acre environmental redevelopment of the former Atlantic Steel Mill at the nexus of interstates 75 and 85 in Midtown Atlanta. The redevelopment is ultimately projected to include 12 million square feet of retail, office, residential and hotel space as well as 11 acres of public parks. For more information visit www.atlanticstation.com.

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Media Contacts:

Kristen Stone/Matt Freeman
Edelman, 404-262-3000 (404-277-8640 cell)
Kristen.Stone@edelman.com/Matthew.Freeman@edelman.com