**$200M Costco-Anchored Redevelopment Planned for Stone Mountain**
Fuqua Development has announced plans to redevelop the long-abandoned Stone Mountain Tennis Center — a venue that played a key role in the 1996 Summer Olympics — into a major mixed-use project anchored by Costco.
The development, named Mountain Marketplace, will be located along West Park Place Boulevard near U.S. 78. Fuqua acquired two parcels totaling 31 acres for $9.6 million. Costco and development firm Greystar have since purchased portions of the land to construct a large-scale warehouse and multifamily residential units, respectively. The total investment in the project is expected to reach $200 million.
Costco is set to build a 155,000-square-foot warehouse, which will include a gas station and extensive onsite parking. The store is anticipated to open to the public by late 2026.
On the residential side, Greystar intends to develop 248 apartment units across six acres, spread over multiple buildings. Construction of the apartments is scheduled to start in May 2026, with leasing expected to begin in November 2027.
Mountain Marketplace will also feature additional retail components, including a Whataburger, a Chick-fil-A, and a yet-to-be-named bank.
This redevelopment marks a significant transformation for the Stone Mountain site and is set to serve as a catalyst for further economic activity in the area.
