Jacoby Development

What Jacoby Development does

Jacoby Development, Inc. is a private commercial real estate development firm founded in 1980 by Jim Jacoby, headquartered in Atlanta, Georgia, with a 40+ year track record of acquiring, remediating, and redeveloping blighted, contaminated, and underutilized industrial sites into mixed-use communities, retail centers, logistics parks, and energy infrastructure. The company's core technical competency is brownfield redevelopment, demonstrated by signature projects including Atlantic Station (a 138-acre, $3 billion redevelopment of a former Atlanta steel mill encompassing 5,000+ residents, 7,000 employees, and 12.5M square feet of master-planned space) and the Virginia Renaissance Center on a former Ford Motor Company plant in Norfolk. Active and pipeline projects include Cumberland Inlet (722 acres, St. Marys, Georgia), Etowah Highlands (900 acres, Bartow County, Georgia), Marineland (Flagler County, Florida), and the proposed $1.4 billion Etowah-Allatoona Economic Corridor, alongside completed retail (44 shopping centers, 25 anchored by Walmart or Sam's Club), energy/land reclamation (Azalea Solar, Live Oak Landfill bio-methane), and the Porsche Cars North America headquarters at Aerotropolis. The firm generates revenue through real estate development and sales (one-time project revenue), investment capital from private investors via prospectus offerings, and recurring lease and rental income from completed developments such as Atlantic Station, with go-to-market executed through direct enterprise sales to government joint development authorities, institutional investors, and national anchor tenants. Marketing is conducted through the company website, quarterly newsletter, and earned media coverage rather than paid advertising.

Name

Jacoby Development

Legal name

Jacoby Development, Inc.

Website

https://jacobydevelopment.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

1–10 employees

Short description

Jacoby Development is a private Atlanta-based commercial real estate firm founded in 1980 that specializes in brownfield redevelopment and mixed-use community development, serving government joint development authorities, enterprise anchor tenants, and private investors across the US Southeast.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

Brownfield Redevelopment Support (Site Characterization & Reuse Planning) (EUAHAFAJ)

Keywords

• Mixed-use development
• Brownfield redevelopment
• Commercial real estate
• Sustainable development
• Land reclamation

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Development and Sales: Jacoby Development generates revenue through acquiring underutilized land, developing mixed-use properties, and selling or leasing completed developments. Revenue is realized through property sales to end users, anchor tenants, or logistics operators, as well as ongoing property management where applicable.
2. Investment Partnership Capital: The company raises capital from private investors who invest in development projects through prospectus offerings. Investors benefit from 40 years of industry experience and a track record of success in the mixed-use and commercial real estate market.
3. Lease and Rental Income: Residential and commercial tenants within developments generate ongoing rental income. Atlantic Station includes over 5,000 residents in 3,000 residential units, 7,000 employees, and 11 acres of public parks with commercial spaces.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Jacoby Development acquires, reclaims, and redevelops blighted, contaminated, and underutilized industrial and commercial sites into large-scale mixed-use communities. The firm delivers mixed-use developments (Atlantic Station, Cumberland Inlet, Etowah Highlands, Marineland), logistics and manufacturing parks (Virginia Renaissance Center), retail centers, energy/land reclamation projects, and customized build-to-suit facilities for enterprise tenants such as Porsche Cars North America, Walmart/Sam's Club, and Katoen Natie. Revenue is realized through property sales, lease and rental income, and capital raised from private investors under prospectus offerings.

Product overview

Jacoby Development is a commercial real estate development company offering a portfolio of mixed-use developments, brownfield redevelopments, retail centers, and sustainable land reclamation projects. The core offering consists of large-scale mixed-use developments (Atlantic Station, Cumberland Inlet, Etowah Highlands, Marineland), completed major projects (Porsche at Aerotropolis, Virginia Renaissance Center), retail development services (44 shopping centers), and energy/land reclamation solutions. These products share a common focus on sustainable development practices and transforming underutilized industrial sites into vibrant communities.

Differentiator

Problem solved

Functional benefit

Products and services

• Atlantic Station Mixed-use redevelopment of the historic Atlantic Steel Mill in Midtown Atlanta, spanning 138 acres with a 12.5M square foot master plan and recognized as one of the largest urban brownfield redevelopments in the United States. Tenants include residential end users (5,000+ residents), commercial tenants, retail, hospitality, and corporate employers (7,000 employees on-site).
• Cumberland Inlet 722-acre mixed-use eco-tourism destination development in St. Marys, Georgia, featuring residential units, a marina, marina village, and an upscale recreational eco-tourism park on the former Durango/Gilman Paper Mill site. Developed under a public-private partnership with the Camden County JDA, which approved a $10 million bond issue for the project.
• Etowah Highlands 900-acre mixed-use development in Bartow County, Georgia, featuring single-family homes, cluster homes, townhomes, and hillside homes with a focus on environmental sustainability along the Etowah River.
• Marineland Residential and resort development in Flagler County, Florida, featuring 241 residential units, 35 condos or 70 beachside hotels, a town center, and 50,000 SF of commercial space, with the potential for 300+ additional units.
• Porsche at Aerotropolis Completed build-to-suit development for Porsche Cars North America on the redeveloped former Ford assembly plant in Hapeville, Georgia, featuring a 220,000 SF headquarters office, training center, customer experience center, and 1.6-mile test track adjacent to Hartsfield-Jackson Atlanta International Airport.
• Virginia Renaissance Center Manufacturing and logistics park in Norfolk, Virginia, on 109 acres of the former Ford Motor Company Plant, featuring a Norfolk Southern Rail connection, 450-foot pier on the Elizabeth River, and a 668,000 SF distribution facility operated by global logistics provider Katoen Natie.
• Retail Developments Portfolio Portfolio of 44 shopping centers completed across the Southeast U.S., including 25 anchored by Wal-Mart or Sam's Club. Major projects include Gateway Village (Annapolis), Perimeter Village (Dunwoody, anchored by Walmart Supercenter, World Market, Hobby Lobby, DSW), and Corridor Marketplace (Laurel, MD, anchored by Target, 414,000 SF).
• Energy and Land Reclamation Projects Alternative energy development and land reclamation projects, including the Azalea Solar 10-MW photovoltaic facility in Washington County, GA, the Live Oak Landfill gas-to-pipeline bio-methane project, and various mining and quarry site reclamation efforts. Solar assets sold to Dominion Resources and the bio-methane facility sold to Air Liquide.

Quantifiable outcome

• Atlantic Station: $3 billion invested, 5,000+ residents, 7,000 employees, 138 acres redeveloped from steel mill to mixed-use community
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core, flagship and major.

• Smart Energy Capital, LLCcoreStrategic or Co-development PartnerJacoby Development partnered with Smart Energy Capital to develop the Azalea Solar project, a 10-megawatt solar photovoltaic generation facility. The partnership combined Jacoby's real estate development expertise with Smart Energy's renewable energy capabilities to create Georgia's largest utility-scale solar facility.
• Camden County Joint Development Authority (JDA)flagshipStrategic or Co-development PartnerPartnership with Camden County JDA for the Cumberland Inlet development on the former Gilman Paper Mill site. The JDA approved development agreements, bond issuances ($10M bond issue), and provided land access for the 722-acre mixed-use project including residential, marina, and eco-tourism components.
• Bleakly Advisory GroupcoreImplementation/ SI/ Consulting PartnerAtlanta-based advisory firm designed the redevelopment plan for the Etowah-Allatoona Economic Corridor, outlining a proposed tax allocation district (TAD) for the 1,500-acre economic corridor project.
• Katoen NatiemajorChannel Partner/ Reseller/ DistributorGlobal logistics provider purchased the primary site at Virginia Renaissance Center in Norfolk, VA. Katoen Natie operates a 668,000 SF distribution facility on the reclaimed former Ford Motor Company Plant site.
• Dominion ResourcesmajorChannel Partner/ Reseller/ DistributorPurchased the Azalea Solar Power Facility (7.7 MW solar development) from Jacoby Development and Smart Energy Capital upon completion in 2013.
• Air LiquidemajorChannel Partner/ Reseller/ DistributorPurchased the Live Oak Landfill bio-methane project in 2012. The $30 million landfill-gas-to-pipeline project generates enough bio-methane to power 30,000 homes.
• Waste ManagementcoreStrategic or Co-development PartnerPartner in the Live Oak Landfill bio-methane project alongside DeKalb County and Atlanta Gas Light Company. The project is one of only two high-BTU landfill gas projects in Georgia.
• Porsche Cars North AmericaflagshipChannel Partner/ Reseller/ DistributorPurchased redeveloped Ford assembly plant site for new North American headquarters. $100 million facility includes headquarters, training center, and customer experience center with test track, opened 2015.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• North American Properties: Atlanta-based mixed-use real estate developer with a similar focus on large-scale, walkable retail-and-residential communities in the Southeast US. Closely comparable in scale, geography, and product type to Jacoby Development.
• The Sembler Company: Florida/Southeast US retail-anchored real estate developer with deep tenant relationships (Walmart, Target, etc.) and a comparable project profile to Jacoby's 44 retail centers portfolio.
• Stiles Corporation: Fort Lauderdale-based real estate developer with a comparable Southeast US footprint and portfolio spanning office, retail, residential, and mixed-use developments.

Broad incumbents

• The Howard Hughes Corporation: Large-scale master-planned community developer (The Woodlands, Summerlin, Ward Village) operating a comparable model of long-duration, mixed-use community creation, though at materially greater scale and with public-company capital access.
• Cousins Properties: Atlanta-headquartered public REIT focused on Class A office and mixed-use developments in the Sun Belt, overlapping Jacoby's Midtown Atlanta (Atlantic Station) footprint and target market.
• Lendlease: Global developer with a US mixed-use and large-scale master-planned community practice, including brownfield experience (e.g., Navy Yard, Philadelphia). Comparable in product scope though substantially larger and more institutionally backed.
• Tishman Speyer: Global real estate developer with significant mixed-use and urban redevelopment projects (e.g., Hudson Yards, Mission Rock). Comparable in large-scale, multi-stakeholder urban development, but with a much larger institutional capital base.
• The Related Companies: National developer of large-scale mixed-use and affordable/mixed-income communities (Hudson Yards, The Related Group in Florida). Comparable in mixed-use, public-private partnership orientation, and Southeast US exposure.
• Brandywine Realty Trust: Philadelphia-based public REIT and mixed-use developer with brownfield/mixed-use projects comparable in product mix (residential, office, retail), though primarily Northeast-focused rather than Southeast.
• Forest City Realty Trust (Brookfield): Former public REIT (acquired by Brookfield) with major mixed-use and brownfield redevelopments including Atlantic Yards (NY) and other large urban master plans. Comparable in large-scale, long-duration mixed-use project execution.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/jacobydevgroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jacoby Development