A serious estate developer has new plans for a 19.4-acre improvement in the Perimeter Shopping mall location that was after envisioned to property condominiums.
Grubb Properties just lately announced ideas to formally post an application to rezone the Park at Perimeter East venture to allow for a 90,000-sq.-foot nursing house and 360 multi-family members housing units geared to initial-time renters and experts, according to a press release.
The challenge would surround a two-acre park and a multi-use path that would connect the website to the Georgetown community and to Perimeter Mall. Grubb also programs 13,000 square ft of outdoor eating and retail area, together with 250 age-limited multi-family members models.
The Dunwoody City Council earlier authorised a rezoning for the Park at Perimeter East Task in 2018, rezoning 41, 47, and 53 Perimeter Centre East to build a unique combined-use growth that involved 900 condominiums, commercial house and a pocket park. Just before the council approved that rezoning, original ideas for the challenge bundled 1,200 apartments and condos, but opposition in opposition to new flats from the Dunwoody Householders Affiliation and the council forced Grubb to just include things like for-sale condos.
According to the push release, the affect of COVID-19 and “shifting sector needs” prompted Grubb to reevaluate project options. At the conclude of 2019, Grubb associates cited funding concerns as 1 of the project’s major troubles.
“Grubb is fully commited to producing a job that serves as a catalyst for transformative transform in the community,” reported Paul O’Shaughnessy, senior vice president of improvement at Grubb, in the push release. “Our hope for Park at Perimeter Centre East is to build an lively neighborhood that is complementary to Central Perimeter’s dynamic financial progress.”
Dunwoody spokesperson Jennifer Boettcher stated that the town could not comment on any particulars of the undertaking, but welcomed the chance to evaluate the software.
In accordance to the push release, Grubb designs to post its rezoning application in mid-July.