The City of Woodstock has sold Magnolia Hall, a special event facility, behind the Historic Magnolia Thomas Restaurant. According to Woodstock City Manager Jeff Moon, the hall is going to be torn down and replaced with Magnolia Place, a new office building. The hall was built in the late 1980’s/early 1990’s, so it is not a registered historic site, like its neighboring restaurant.
Magnolia Place will be a 32,000 square foot office space in historic downtown Woodstock, just steps away from Arnold Mill Road and Main Street. Spaces in the building will be available in the fall of 2017, and will range from 1,500 to 10,000 square foot suites. There will be a courtyard, landscaped areas and parking, and walkability to downtown retail and restaurants. The new building will have class “A” finishes.
In a September, the Atlanta Journal Constitution reported the city council voted to approve an intergovernmental agreement that calls for Magnolia Hall, 108 Arnold Mill Road, to be transferred to the Downtown Development Authority, which will then sell the property “at the highest price it can obtain.”
Oak Hall Companies LLC, an Atlanta-based land development and investment group, has a contract to buy the venue for $1.3 million, city officials confirmed.
The intergovernmental agreement says sales proceeds are to “pay any remaining balance on the railroad crossing,” “development and construction of a parking deck” and “any other project mutually agreed upon.”
For details on this space, contact Kingston Commercial Real Estate. The occupancy of this office building will certainly be a boom for restaurants and retail in an area that is already a popular OTP destination.