Peachtree Corners Buying Land?

The City of Peachtree Corners has jumped into the fray to buy the 20-acre parcel across from The Forum shopping center that was slated to become an apartment and retail development. Lennar Multifamily Investors Chris Cassidy confirms the newly formed city is in talks to buy the Peachtree Parkwayparcel from Lennar, whichbought it from Roberts Realtyearlier this year for the above project. Sources say the move is to prevent apartments from sprouting up in the city limits; calls to Peachtree Corners mayor Mike Mason and city manager Julian Jackson were not returned by press time. A source says the city wants to resell the property to those whose vision is more in line with the city's.

Continue reading this story with a free account

Log in or register
Related Topics: The Forum
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

Dan Wagner To Head Lee & Associates In Atlanta: The Atlanta Deal Sheet

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Gwinnett Mall Project Stands To Benefit From Georgia's Opportunity Zone Picks

Georgia's Utility Board Race Could Reshape Nearly 20 GW Pipeline Of Data Centers

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

Auto Retailer Completes Hennessy Acquisition: The Atlanta Deal Sheet

Denver Public Schools' $11M Centennial Hall Purchase Marks Rare Land Sale For ULC