![]() Matthew Thomas, Alpharetta economic development manager, said the area is becoming economically distressed because of the number of closed businesses. These zones are usually reserved for low income areas. The city also wants to make corridors between and around Haynes Bridge and Mansell Roads an “opportunity zone,” a tool that “allows people to invest in distressed areas,” according to the IRS. The city was awarded $1.6 million from the Atlanta Regional Commission for designs and will add $400,000 to the project. In February, Alpharetta will put out a request for proposals for new designs of a more attractive, walkable North Point Parkway between Haynes Bridge and Mansell Roads, Cook said. Other committed projects include Brixmor Property Group’s Studio Movie Grill and Ecco Park townhomes by The Providence Group. In addition to those plans, Alpharetta Economic Development Director Kathi Cook said there’s already a $100 million investment by businesses and projects coming into the North Point area.Īmong them is 360 Tech Village where a 110,000 square-foot office building is currently under construction for the planned mixed-use development at Haynes Bridge Road and Ga. “Hopefully the dates work but we want to take a fresh post-COVID approach for the benefit of everybody and give (Alpharetta) a new redevelopment plan,” Miller said. That could change, however, as the Fort Worth, Texas-based company develops and presents a more comprehensive plan for the mall site, Miller said. They agreed to start building apartments by December 31, 2028.Ĭook said the same zoning conditions are currently in place for Trademark. The real estate company agreed to zoning conditions that required the business to obtain a permit for demolition of the Sears space or to build restaurant, retail, park space or something else by December 31, 2022. Last October, Alpharetta agreed to give Brookfield more time to get started. īrookfield was scheduled to break ground on the Sears space in late 2019 or early 2020 but was unable to move ahead because of financial issues and the outbreak of coronavirus across the U.S. Trademark plans to redevelop the entire mall and property rather than only one part of it, Miller said. Brookfield had planned to transform the former Sears space at the mall into apartments, retail and park space.
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