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Emory University plans a $1 billion, 15-year-plus development of a new "health innovation district" on North Druid Hills Road at Interstate 85.

In 2016, Emory bought about 60 acres in Executive Park, directly across North Druid Hills Road from where Children's Healthcare of Atlanta is now developing a $1.5 billion hospital campus. 

On May 1, Emory filed a rezoning application with the city of Brookhaven in which it envisions a mixed-use development on the property with office, medical services, a hospital, commercial space, a hotel and multifamily. Emory says it seeks to replace the retail and office developments now on the property with a development "that builds on the successful programs in orthopedics, sports medicine, brain health, medical science education and health information technology already located on the site."

The current zoning on the site allows for 2.8 million square feet of residential, retail/commercial, office, flex office/retail, and hotel development. "The proposed rezoning accommodates a total of 3,174,260 square feet on the property owned by Emory, of which some is already existing, or under construction," the rezoning application says. 

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Site plan of Emory's planned "health innovation district" at Interstate 85 and North Druid Hills Road in Brookhaven.

The plan includes a new 140-bed, non-emergency inpatient hospital. Emory said the plans for Executive Park are still under development and specifics about a hospital have yet to be determined.

"The estimated value of the proposed plan at full build-out is up to $1 billion dollars which includes direct and indirect investments," Emory says, adding that "new business activity on the site is proposed to generate an ongoing economic impact of more than $650 million within Brookhaven each year. The plan also creates robust job growth in stable fields with good compensation and career development opportunities."

The interchange at I-85 and North Druid Hills is already often clogged with traffic, but Emory says it "will provide ways to improve traffic flow in the North Druid Hills corridor and surrounding area" and that it's coordinating with Children's Healthcare to align entrances. Emory says it's working with the Atlanta Regional Commission and Georgia Regional Transportation Authority on recommendations for road projects and traffic improvements.

Read more here.