The joint venture that purchased the site known to most as Savannah River Landing unveiled a new name and brand for the revitalized project this week.
In what the developers say is a nod to Savannah history, the site is being rebranded as Eastern Wharf
“We reached out to community leaders and various stake holders to understand the sentiment and emotion around the name, Savannah River Landing," says Reid Freeman, president of Regent Partners.
"We felt that it was important to give this site an identity that matches our team’s vision for the future."
“It was important to our team that we were respectful of Savannah’s history. When we started to learn about the site and the significant role it played in the early commerce of Savannah, we knew what direction we wanted to go,” added Trent Germano, a principal with Mariner Group.
ELV Associates, Mariner Group and Regent Partners closed on the deal in September 2017.
The project includes a publicly funded component, most notably a taxpayer-underwritten parking garage and greenspace.
The developers say the "history of the Savannah Eastern Wharves dates back to the early 1800’s as Savannah was on the rise as one of the major ports on the east coast. In 1836 a group of businessmen formed The Eastern Wharf Company and purchased 75 acres of land just east of downtown."
The area was home to businesses such as A.N. Miller’s Foundry, Hydraulic Cotton Press Company and the Bullock and Winton Steam Saw Mill.
“With this new name, we want to pay homage to the site’s past, and also give a nod to its future as we bring it back to prominence as a hub for not only commerce but community as well,” says Scott Jenkins, president of ELV Associates, Inc.
"The plan outlines nearly 7 acres of public open space including squares and a substantial park along the Savannah River. Current plans devote a majority of the total build-out square footage to residential uses, increasing the mix of available housing inventory adjacent to the highly sought after Landmark Historic District," says a spokesperson.
The group plans to break ground early this summer on the first phase of the project, which will include:
· More than 300 apartments
· An 1100 space parking garage including a 700 space city garage
· 40,000 SF of food, beverage, entertainment and service oriented retail uses
· Approximately 80,000 SF of Class A office space
· A 200 key life-style boutique hotel
· A linear park and a 2 acre riverfront park
Representing approximately a $225 million investment, the team estimates that Phase I will be complete in the spring of 2020.