Numerous sources tell us that the Glenridge Hall site, a 70-acre prime parcel straddling Abernathy Road in Sandy Springs, is under contract with Atlanta homebuilder Ashton Woods. While plans for the site are unclear, sources say it will most likely be a residential project. The site--home to the historic Glenridge Hall mansion (here)--is currently owned by the Mayson family, and is being marketed by CBRE's Scott McGregor, who declined to comment. Ashton Woods officials also did not return calls.

Sources say the Mayson family has been looking to sell the entire property instead of parceling it out to various buyers. And while other names have expressed interest in the site--including North American Properties--anything other than a residential project would have to get a green light from the City of Sandy Springs. For Ashton Woods, the buy would add on to projects in Central Perimeter: the Gramercy condo project (here) in Dunwoody, Heritage in Dunwoody, a planned 67 single-family community that will start to deliver this year.