Jim Jacoby - Career

Career

In 1973 Jacoby launched his entrepreneurial career in real estate scouting and assembling sites for developing and redeveloping various projects. Jacoby developed multiple retail projects and began a relationship with Wal-Mart in the late 1970’s. This relationship lead to the formation of what would eventually become Jacoby Development, Inc. and the development of 40 Wal-Mart anchored shopping centers on the East Coast throughout his career.

Describing his feelings as a crisis of consciousness, Jacoby realized that his goal was to build more than just shopping centers; he was interested in creating healthy communities that would last for years to come. A visionary, Jacoby began focusing on environmentally-friendly and long-term sustainable development before it became a trend.

In 1997, Jacoby contracted the site of the former Atlantic Steel mill in Atlanta, Georgia in partnership with AIG and in 1999 they collectively built Atlantic Station, now widely used as a case study for successful transformation of a brownfield site to a LEED certified campus. Atlantic Station was the first LEED certified campus in the U.S. and includes offices, retail, residences, hotel, a major grocery store, restaurants, a movie theater, and more. During the ten years required for creating this livable and workable space, Jacoby took on the cleaning of the former steel mill site, and laid out the infrastructure, including a bridge across I-75 and I-85 to connect Atlantic Station with the east side of Midtown Atlanta.

In 2001 Jim acquired the aging Marineland property just south of St. Augustine, Florida. Originally built in 1938 to film underwater scenes and movies, Marineland morphed into a Florida tourist attraction featuring aquatic life exhibits and dolphin shows. After it was damaged by a hurricane, Jacoby acquired the dolphin attraction as well as related real estate and redeveloped the entire park to a modern dolphin facility focused on education and animal/human interaction, and formed an operating partnership with the Georgia Aquarium. Marineland reopened in 2006 with new programs and experiences available to the public. On New Years Day, 2011, Jacoby sold Marineland to the Georgia Aquarium.

A decommissioned Ford Taurus assembly plant in Hapeville, Georgia adjacent to the Hartsfield-Jackson Atlanta International Airport the world’s busiest airport, was acquired by Jacoby in 2008. The plant was demolished and the site remediated, and re-christened Aerotropolis Atlanta. The site has been subdivided, and portions have been sold to buyers, including Porsche and the Atlanta Hartsfield-Jackson International Airport. On November 27, 2012 Porsche broke ground for construction of its new North American Headquarters and driving experience center, located at One Porsche Drive, which will be anchor of the redevelopment.

In 1999, Jacoby acquired a former asphalt production site in Whitemarsh, Maryland. The redevelopment of the site, which included clean-up of contaminated groundwater and soils has become one of the largest brownfield redevelopments in the state of Maryland. The site is now home to a General Motors Allison Transmission plant, a Federal Express regional distribution center, hotel, bank and building materials supplier.

In 2009 Jacoby acquired the Norfolk, Virginia Ford Plant which is envisioned to become a manufacturing and logistics park due to its accessibility from rail, highways and sea. A portion of this was sold to Katoen Natie, a global logistics provider, bringing an estimated 425 jobs to the Norfolk area.

In February 2009 the landfill gas Live Oak project in Atlanta injected its first bio methane gas into the Atlanta gas light company system. Jacoby initiated this project a few years before the first injection and sold the project to a French company in January 2012.

The future Azalea Solar Park will be the largest of its kind in Georgia and is scheduled to open for production in 2013. Located in Washington County, Georgia, the site, acquired in 2012 is currently under development. Upon completion, it will produce 10 megawatts of power from ground-mounted photovoltaic panels.