Ikea suing Georgia developer
By Furniture Today Staff -- Furniture Today, January 30, 2005
Atlanta — Ikea is suing the developer of a mixed-use project here, saying delays in road and other infrastructure work could push back the opening of its 366,000-square-foot superstore in the Midtown area.
But the parties remain amicable and Ikea is optimistic the store will open on schedule this summer between Memorial Day and Labor Day.
The suit, in state court, cites Atlantic Station developer Jacoby Development and AIG, and seeks unspecified damages.
The Atlantic Station project sits on 138 acres at Interstates 75 and 85 and will include some 12 million square feet of retail, office, residential and hotel space, plus 11 acres of public parks.
"(The developer) started later than initially planned," said Joseph Roth, director of expansion public affairs for Ikea North America. "While there's a chance things could end up going very smoothly, we had a window in which we could voice concerns. We exercised that right."
He said the relationship between the developer and Ikea "is still very positive.... We're optimistic we will be able to work things out as a result of us filing the complaint."
In addition to the Atlanta store, the Top 100 lifestyle chain plans to open units this year in metro Dallas, Chicago and Boston.
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