For more information:
Emily Connolly or Morgan Lanier
Melissa Libby & Associates
404-816-3068
DYNAMIC DEVELOPMENT FOR DOWNTOWN ROSWELL BEGINS IN 2017
WITH GROUNDBREAKING FOR CANTON PLACE
Boutique Hotel, Restaurant, Spa, Garden and Underground Parking
in the Heart of Historic Downtown Roswell
ROSWELL, GA. (Dec. 7, 2016) - After nearly four years in
development, Roswell Inc., the Roswell Downtown Development Authority, Canton Place Development and Wells Fargo, in partnership with legendary
Atlanta developer and Canton Place chairman Claude A. Petty, Jr. are pleased to
announce a 2017 groundbreaking for an exciting new chapter for Historic
Downtown Roswell, called Canton Place.
Designed as an enhancement to the thriving Downtown, plans
for the site include a 110 to 120- room boutique hotel, 8,000 square foot
special event space, chef-driven restaurant with rooftop dining, a luxury spa,
an expansive park-like garden and an underground parking facility. Hotel
Equities, an Atlanta-based company revered for its excellence in hospitality,
will oversee the hotel’s operations.
“This represents a major game changer for Downtown Roswell,”
says Roswell Inc. executive director Steve Stroud. “I’m most proud that this
entire project was initiated by the passion of Roswell residents – people who
live and work here who want to create a catalyst for continuing positive change
for our next generation.”
“As a Roswell native, it is exciting to come up with a
long-term solution to serve the needs of our vibrant Downtown,” says Canton
Place Development’s Kevin Bryant. “We’re proud of our community, and we want
the folks who are here for a wedding or on business to have a world-class
reason to stay overnight and explore everything Downtown Roswell has to offer.”
Canton Place will be built at 37 Magnolia Street where Wells
Fargo is currently located. The innovative plans will not interrupt business
for local Wells Fargo customers. The new Wells Fargo facility will be
constructed in phase one of the plan. “We’re always looking for ways to grow and
better serve our community,” says Wells Fargo’s Scott Asher. “Canton Place is a
great example of what a community can accomplish when we work together.”
“This is a vibrant,
viable and sustainable blueprint for the next 40 years,” says Roswell Downtown
Development Authority’s Monica Hagewood. It’s great to work with a local team
that is as committed as we are to our continued growth and success. It’s an
exciting time to live in Roswell.”
With its new dedicated underground parking area, a long-term
solution to Historic Downtown Roswell’s parking challenges was hardwired into
Canton Place’s development DNA from the first blueprint.
Canton Place chairman Claude Petty’s iconic career has
included development of Piedmont Center, Atlanta Merchandise Mart, and later
serving as a partner at PC Associates. “I’ve spent most of my career in
community enhancement,” says Petty. “Canton Place was designed to serve as a new
Downtown destination – a beautiful, comfortable, walkable place for us, the
people of Roswell, and our guests to be.”
In the coming weeks, the team will make major announcements
regarding architects, retail partners, boutique hotel brand, details about the
chef-driven restaurant with rooftop dining, garden inspired by the vision for
the Roswell City Green, and the free-standing adjacent spa that will pamper
brides-to-be and local residents alike.
About Roswell Inc.
Roswell Inc. promotes economic development and a strong
business community through a public-private partnership with the City of
Roswell, Georgia. To learn more about Roswell Inc, visit www.RoswellInc.org.
About the Roswell
Downtown Development Authority
Since its founding in 2012, the Roswell Downtown Development
Authority (DDA) has served as a catalyst to facilitate innovative and
sustainable growth of Roswell’s core economic district. www.roswelldda.com
About
Canton Place Development, LLC
Canton Place Development is comprised
of individuals who came together to erect an exciting community based
development in the heart of Historic Roswell, GA. The founders, Claude
Petty, Kevin Bryant, and Abby Port are dedicated to enhancing the City of
Roswell and giving its citizens some much needed amenities including a boutique
hotel, community garden, and parking solutions. Mr. Petty is the Chairman of
the company and has resided in Roswell for over 12 years. Mr. Bryant, the CEO,
is also a long time resident who has lived in Roswell for 52 years. Together
their passion for Roswell has ignited their imaginations and set this project
in motion. For more information visit www.CantonPlaceDevelopment.com
About Wells Fargo
Wells Fargo
& Company (NYSE: WFC) is a diversified, community-based financial services
company with $1.9 trillion in assets. Founded in 1852 and headquartered in San
Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and
consumer and commercial finance through more than 8,600 locations, 13,000 ATMs,
the internet (wellsfargo.com) and mobile banking, and has offices in 42
countries and territories to support customers who conduct business in the
global economy. With approximately 269,000 team members, Wells Fargo serves one
in three households in the United States. Wells Fargo & Company was ranked
No. 27 on Fortune’s 2016 rankings of America’s largest corporations. Wells
Fargo’s vision is to satisfy our customers’ financial needs and help them
succeed financially. News, insights and perspectives from Wells Fargo are also
available at Wells Fargo Stories.
About Hotel Equities
Hotel
Equities (HE) is an Atlanta-based full-scale hotel ownership, management and
development firm operating more than 100 hotels throughout North America. Frederick W. Cerrone, CHA, serves as Chairman
and CEO; Brad Rahinsky serves as President and COO. For more information, visit www.hotelequities.com.
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