A genuine estate developer has new strategies for a 19.4-acre advancement in the Perimeter Shopping mall spot that was at the time envisioned to home condominiums.
Grubb Homes just lately declared options to formally submit an software to rezone the Park at Perimeter East project to enable for a 90,000-square-foot nursing property and 360 multi-spouse and children housing units geared toward first-time renters and industry experts, in accordance to a push release.
The project would encompass a two-acre park and a multi-use trail that would link the website to the Georgetown neighborhood and to Perimeter Shopping mall. Grubb also options 13,000 sq. toes of outdoor eating and retail area, alongside with 250 age-restricted multi-spouse and children models.
The Dunwoody Town Council beforehand accredited a rezoning for the Park at Perimeter East Challenge in 2018, rezoning 41, 47, and 53 Perimeter Heart East to establish a various combined-use growth that involved 900 condominiums, commercial space and a pocket park. Prior to the council accepted that rezoning, unique programs for the challenge involved 1,200 residences and condos, but opposition against new apartments from the Dunwoody House owners Association and the council compelled Grubb to just include things like for-sale condos.
In accordance to the press launch, the influence of COVID-19 and “shifting current market needs” triggered Grubb to reevaluate venture programs. At the conclusion of 2019, Grubb representatives cited financing troubles as a single of the project’s important troubles.
“Grubb is dedicated to producing a venture that serves as a catalyst for transformative modify in the group,” mentioned Paul O’Shaughnessy, senior vice president of growth at Grubb, in the press launch. “Our hope for Park at Perimeter Middle East is to develop an active community that is complementary to Central Perimeter’s dynamic economic development.”
Dunwoody spokesperson Jennifer Boettcher claimed that the town could not comment on any specifics of the task, but welcomed the chance to critique the application.
According to the press release, Grubb ideas to submit its rezoning software in mid-July.