Contact Us

MidCity, South City Pursuing Tax Abatement For Alpharetta Project

Developers for the mixed-use phase of Alpharetta's City Center project are pursuing more than $70M in bond financing to get started.


Under the moniker MMS Alpharetta, the JV team of MidCity Real Estate Partners, South City Partners and Morris & Fellows is slated to develop three mixed-use buildings and a handful of freestanding restaurants in the 25-acre master planned Alpharetta City Center.

Now, $72.5M in revenue bonds are set to be approved, which will translate into property tax breaks for the developers over the course of a decade. They would fund a mix of office, apartments, retail and restaurant spaces, according to documents filed in Fulton Superior Court.

MidCity Real Estate Partners President Kirk Demetrops

MidCity's Kirk Demetrops says work will begin early next year on a 168-unit apartment complex perched on 35k SF of retail as well as a 36k SF office building with another 7,500 SF of street-level retail. It may even already have a tenant lined up.

Kirk tells us they've inked a letter of intent for the headquarters of an unnamed Atlanta company. Begun in 2011, the City Center will include a new city hall, a library and a five-acre park, as well as more than 40 single-family houses.