Wednesday, December 7, 2016

Dynamic Development for Downtown Roswell Begins in 2017 with Groundbreaking for Canton Place

For more information:
 Emily Connolly or Morgan Lanier
Melissa Libby & Associates

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

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.

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

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 ( 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.

Wells Fargo serves approximately three million small business owners across the United States and loans more money to America’s small businesses than any other bank (2002-2015 CRA government data). To help more small businesses achieve financial success, in 2014 Wells Fargo introduced Wells Fargo Works for Small Business® – a broad initiative to deliver resources, guidance and services for business owners.

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


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