Is This The Catalyst For Buford Highway's Re-Creation?
A defunct Kmart in the heart of the Buford Highway strip could become the Nexus of a new mixed-use project.
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Macauley Investments is eyeing a massive mixed-use project, Nexus Town Center, at the former Kmart on Buford Highway right at I-285 that could include 330 apartment units, 183 senior living apartments, 73 assisted living apartments, 12 townhouses and 63,300 SF of retail space.
Macauley would also include a 100-key hotel in the project, in which it is acting as a master developer, according to its website. The firm has issued a development of regional impact with the Georgia Department of Community Affairs for its proposal at 5597 Buford Hwy, to be delivered by 2019.
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Macauley officials state the project will "create a highly sustainable model of mixed-use and transit-oriented development as a catalyst for the revitalization of the Buford Highway corridor and the City of Doraville," according to the website.
In a DRI filed by Macauley this week, project details were slightly different: 350 apartments, 175 senior living units, a 125-key hotel, 60k SF of retail and 50k SF of office space. Whatever the numbers, if that sounds familiar, it's because this setup seems to have become Macauley's specialty.
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Aside from being a master developer along with Integral Group for the former GM site in Doraville, Macauley namesake Stephen Macauley (here) most recently proposed a nearly $300M redevelopment of a shuttered Sears Roebuck & Co warehouse in the City of Tucker that could transform it into a 600k SF mixed-use project that includes retail, senior living, apartments and townhomes, all crowned by a movie studio.