Malls · Georgia
Town Center at Cobb
Opened 1986. Redevelopment, proposed in 2022. Owner of record Otay Main Street LLC.
Status nowRetrofit proposedpublic sources reported
Owner of recordOtay Main Street LLCcounty assessor, 2026-10-15 reported
Site size11.52 acres (parcels)county assessor reported
Retrofit year2022public sources reported
Rail within 800 mNoOpenStreetMap, HUD
Reach the owner Download dossier (PDF) · early access Download record (JSON) API Share LinkedIn Correct this recordhttps://retrofitatlas.org/malls/ga/kennesaw-town-center-at-cobb/
Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from. documented = a quoted excerpt (click to read it) · reported = a source named, no excerpt yet · no source.
Site profile15 elements · what this retrofit is built with · tap a chip for the evidence
Finance and pipeline
Auction
This site: Planned use: Not announced; CID envisions mixed-use. research-deals · all sites with thisForeclosure or REO
This site: Planned use: Not announced; CID envisions mixed-use. research-deals · all sites with thisRetrofit in the pipeline
This site: …proposed record · all sites with thisWebsite dead or redirecting
This site: …https://stores.lanebryant.com/ga/kennesaw/plus-size-clothing-kennesaw-ga-6522.ht overture / http check · all sites with thisOwnership
Single-purpose entity
This site: ALTERMAN TOWN CENTER LLC county-parcels · all sites with thisPlace
200+ tax-credit housing units within 1 km
This site: 200 units in 2 properties hud-lihtc · all sites with this30,000+ vehicles a day on an adjacent road
This site: 86,400 on 575 fhwa-hpms · all sites with thisHigh inland flooding risk
This site: Relatively High fema-nri · all sites with thisHigh natural hazard risk (FEMA NRI)
This site: Relatively High; tornado, inland flooding, hail, cold wave, lightning fema-nri · all sites with thisHigh tornado risk
This site: Very High fema-nri · all sites with thisInterstate or freeway within 600 m
This site: 575 fhwa-hpms · all sites with thisRenter-majority tract
This site: 71% census-acs · all sites with thisTract house prices doubled in 10 years
This site: +170% fhfa · all sites with thisPolicy tool
Bonds
This site: …none yet; CID 30-year vision record · all sites with thisStrategy
Redeveloped
This site: …none yet; CID 30-year vision record · all sites with thisNow
| Status | Retrofit proposedpublic sources reported |
|---|---|
| Strategy | Redevelopment, proposedpublic sources reported |
| What is there now | none yet; CID 30-year visionpublic sources reported |
| Retrofit year | 2022public sources reported |
| Redeveloper | Ardent Cos.public sources reported |
| Owner of record | Otay Main Street LLCcounty assessor reported |
Parcels, tax and title
| Parcel | Owner of record | Acres | Use · zoning | Value (appraised · assessed · taxable) | Last sale · deed | ||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
all 27 county fields
| Otay Main Street LLC 10877 WILSHIRE BLVD STE 1105 | 9.5 | C5 | $23.8M (appraised) assessed $9.5M | — | ||||||||||||||||||||||||||||||||||||||||||||||
all 28 county fields
| Alterman Town Center LLC 300 GALLERIA PKWY FLOOR 12 | 2.0 | C4 | $5.3M (appraised) assessed $2.1M | — | ||||||||||||||||||||||||||||||||||||||||||||||
| Total | 11.5 | $29.1M |
Deals and debt
| Date | Event | Price | Parties | Source |
|---|---|---|---|---|
| 2026-07 | Auction · foreclosed | $51.8M closed | Ardent Cos. affiliate ← Kohan Retail Investment Group · lender Ardent affiliate (holder of the loan) · loan $46.7M | Hoodline 2026-07-13 |
Securitised debt and public filers
Filings (2001 to date) that name “Town Center at Cobb” and “Kennesaw” (178 hits, first 100 sampled, 2 other filers such as tenants left out). Only weak matches to commercial-mortgage trusts: the mall may have backed a securitised loan, or may just be mentioned in the filing; several trusts usually means one loan split into pari-passu notes. Earliest trust filing in the sample 2012-06-26 (a sample date, not the issuance date); candidate loan vintage 2012 from the trust name (weak match). Whether the loan is still in the pool, in special servicing or repaid is in the trust's monthly distribution reports, which are not searchable here. Text matches, not a title search. Open the search · all trusts.
| Kind | Filer | Filings | Dates | Forms |
|---|---|---|---|---|
| CMBS trust (weak) | WFRBS Commercial Mortgage Trust 2012-C7 | 4 | 2012-06-26 to 2013-03-04 | 8-K 4 |
| CMBS trust (weak) | WFRBS COMMERCIAL MORTGAGE TRUST 2012-C8 | 3 | 2012-07-31 to 2014-02-18 | 8-K 3 |
| Public owner (strong) | SIMON PROPERTY GROUP INC /DE/ (SPG, SPG-PJ) | 83 | 2002-05-17 to 2020-02-04 | 8-K 58, 10-K 22, 10-K/A 2, 8-K/A 1 |
| Public owner (strong) | SIMON PROPERTY GROUP L P /DE/ | 8 | 2008-03-13 to 2010-03-12 | 10-K 6, 10-K/A 2 |
As reported by the owner
Property tables from the owner's annual report (Form 10-K, Item 2) on EDGAR, one row per filing year. GLA, occupancy and anchors are the filer's own figures at that year end; “leased” counts signed leases, “occupied” counts open stores; ownership is the filer's share. Matched by name and place, unreviewed; the verbatim table row is in sec_facts.csv.
| Year end | Filer | Name in filing | GLA sq ft | Occupancy | Years | Share | Sales psf | Anchors listed |
|---|---|---|---|---|---|---|---|---|
| 2016 | Simon Property Group 10-K, 2017-02-24 | Town Center at Cobb Kennesaw, GA match: exact | 1,281,436 | 96.4% occupied | acquired 1998 | 100.0% Fee | Belk, Macy's, JCPenney, Sears | |
| 2009 | Simon Property Group 10-K, 2010-02-25 | Town Center at Cobb Kennesaw, GA match: exact | 1,275,928 | 95.5% occupied | acquired 1998 | 75.0% Fee | Belk, Macy's, JCPenney, Sears, Macy's Furniture |
Site context
| FEMA flood zone | X · AREA OF MINIMAL FLOOD HAZARDFEMA NFHL |
|---|---|
| EPA-regulated facilities within 500 m | 3: COSMOPROF #66190; SALLY BEAUTY SUPPLY #1625; TOWN CENTER HEIGHTS 2EPA FRS |
| Census tract 13067030248 | 7,170 people, 2,728 per sq mi; median household income $70,987; median gross rent $1,734; 71% renters; 4.5% vacant units; 0.2% commute by transitACS 2023 5-year |
| Opportunity Zone | noHUD |
| Housing permits, Cobb County (GA), 2024 | 389 units in 5+ unit buildings, 72 in 2–4, 1,143 single-family; 2023: 1,673 in 5+Census BPS |
| Social vulnerability (CDC SVI 2022, tract) | overall percentile 0.57; socioeconomic 0.83; housing and transport 0.52; 26% below 150% of poverty; 5% of households with no vehicleCDC/ATSDR |
| Other atlas sites nearby | 1 within 10 km, 15 within 25 km: East Cobb Walk (6.9 km)computed |
| Overture Maps | place Town Center At Cobb (womens_clothing_store, confidence 0.92, from Microsoft, Overture, Overture-signals); building footprint 9,355 m², 17.1 mOverture (CDLA-Permissive 2.0) |
| Website and social | stores.lanebryant.com (down or redirecting, status 404); archived 2014–2026 (Wayback)Overture / Internet Archive |
| Attention: Wikipedia page views | 86,808 since 2015; 6,747 in the last 12 months (-27% vs the prior 12); peak 2025-01 with 2,746Wikimedia |
| Tract change 2013–2023 | tract boundary changed between the 2010 and 2020 census; no 2013 comparisonCensus ACS |
| Natural hazard risk (FEMA National Risk Index, tract) | relatively high overall (score 85.3); expected annual loss $2.1M; high: tornado, inland flooding, hail, cold wave, lightning; community resilience relatively lowFEMA NRI |
| Tax-credit housing within 1 km | 2 LIHTC properties, 200 units: Town Center Heights/The Legacy @ Walton Hgts (100 units); Legacy At Walton Heights (100 units)HUD LIHTC |
| Retail trade in the county, 2025 (BLS QCEW) | 39,512 jobs in 2,399 establishments; average annual pay $49,735; employment location quotient 1.05; employment -1.6% on the yearBLS QCEW 2025, NAICS 44-45, private |
| Jobs located in the tract, 2022 | 8,907 jobs; 2,163 in retail trade, 1,325 in accommodation and food (workplace blocks summed to tract 13067030248)Census LEHD LODES8 WAC 2022 |
| Upward mobility (Opportunity Atlas, 2010 tract) | children of low-income (25th percentile) families reached the 46th income percentile as adults; 0.7% incarcerated at the 2010 count (357 children in the sample); born 1978–83, measured 2014–15Opportunity Insights |
| Food access (USDA FARA 2019, 2010 tract) | low-income, low-access tract (1 mile urban / 10 miles rural); 75% of residents more than 1 mile from a supermarket; poverty rate 23.5%; median family income $81,442; 275 SNAP householdsUSDA ERS |
| Schools | Cobb County School District (PK-12); 1 public school within 1 mile: Bells Ferry Elementary SchoolNCES EDGE |
| Elevation | 1,006 ft above sea level at the site pointUSGS 3DEP |
| Storm events in the county, 2016-2025 | 107 county-logged events: 70 thunderstorm wind, 19 hail, 11 flash flood, 4 tornado; $2,436,000 property damage reported; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events |
| Homes for sale in ZIP 30144, 2026-09 | median list price $403,750 (-6.7% on the year); 205 active listings; median 56 days on market; 30% with a price cutRealtor.com Research |
| Retail trade in the county, 2012 to 2023 | 2,309 establishments (+4%); 41,387 jobs (+16%)Census CBP |
| Housing market in the county | typical home value $421,940 (-2% 1 yr, +18% 5 yr); typical rent $1,762/mo (+2% 1 yr), 2026-09Zillow Research |
| House price index, tract, 2022 | 490 (2000 = 100); +20.2% 1 yr, +60% 5 yr, +170% 10 yrFHFA |
| Traffic on the busiest road within 600 m (2024) | 86,400 vehicles a day on 575 (Interstate, 4 lanes); 7,647 trucks; 37 counted segmentsFHWA HPMS |
Summary, model-written
Opened in 1986 as a mall under Simon Property Group, the site was later targeted for redevelopment with Ardent Cos. named developer in 2022. As of 2024 the status is proposed, with a 2026 auction of a foreclosed loan to an Ardent affiliate and CID envisioning mixed‑use use.
Why. The record points to a distressed loan/foreclosure as a key factor, alongside noted county growth and rising median rents that suggest market pressure.
Where it stands. The site remains under the control of Ardent Cos. (developer/owner) and its affiliate, which holds the foreclosed loan, with a proposed status awaiting the 2026 auction outcome.
For a planner
- CID’s 30‑year vision frames the site for long‑term mixed‑use redevelopment.
- The auction/foreclosure process is being used as a policy tool to transfer control to a developer with housing plans.
- Open questions include the exact timing of construction, required zoning changes, and how existing anchor tenants will be accommodated.
For a developer
- Total site area ≈11.5 acres split across two parcels (9.53 ac C5, 1.99 ac C4).
- Control is consolidated with Ardent Cos. as developer/owner and its affiliate holding the foreclosed loan.
- Entitlement stage is proposed; a retrofit plan dates to 2022 and a loan auction is scheduled for July 2026.
- Market signals show 3.2% county population growth (2018‑23) and median rent of $1,640, indicating demand for residential‑mixed use.
- Context‑layer constraints (flood risk, transit access, environmental conditions) are not detailed in the record.
What we do not know yet
- Anchor tenant status and current vacancy levels are not specified.
- Exact environmental, flood‑zone, and transit‑access constraints are missing from the record.
- The verified status is “draft,” so data such as the opportunity score and reasons may be model‑extracted and unreviewed.
- Timeline details beyond the 2026 auction (e.g., permitting, construction start) are unknown.
- Potential legal or community opposition to the mixed‑use plan is not documented.
Generated by nvidia/nemotron-3-super-120b-a12b on NVIDIA API via Hermes CT from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.
Similar sites
- Rio Shopping Center, Atlanta, GA · Malls · opened 1988; same strategy: redevelop; also in GA
- North Point Mall, Alpharetta, GA · Malls · opened 1993; same strategy: redevelop; also in GA
- Brookside Office Park, Alpharetta, GA · Office parks · opened 1980; same strategy: redevelop; also in GA
- Georgia-Pacific Center, Atlanta, GA · Office parks · opened 1982; same strategy: redevelop; also in GA
Elsewhere on the web
Pages with photos
- Town Center at Cobb | Kennesaw.com kennesaw.com
- Parking lot light pole, Town Center at Cobb, December 2019 commons.wikimedia.org
- Photos at Town Center at Cobb - Shopping Mall i… foursquare.com
- Town Center at Cobb - Kennesaw, GA - Company Information dandb.com
- TOWN CENTER AT COBB - Updated July 2026 - 146 Photos & 106 Reviews ... yelp.com
Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
Multifamily screen
- already in play: under construction, approved, or sold to a developer with housing plans
- county grew 3.2% 2018–23
- median rent $1,640
- distressed loan or foreclosure
Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.
History and original facts
| Opened | 1986Wikidata |
|---|---|
| Organisations in Wikidata (undated) | Simon Property Group |
| County | Cobb County |
| Census division | 5 · South Atlantic |
Not yet recorded: acres, GLA, original developer. Know it? Tell us.
Timeline
- 1986 Opened (Wikidata)
- 2022 Retrofit: redevelop
Sources
- Hoodline · 2026-07
- Cobb County Courier · 2026-07
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