A few months ago, I covered the recent sale of North Dekalb Mall. The new owners have just shared their preliminary site plans, which include: 300,000 sqft of retail space, 200,000 sqft of office space, a 150-room hotel, 1,700 multi-family apartment units and 100 separate townhome units. These plans have not been finalized, but can be used as a good reference point to follow along with the project.
The project hopes to be similar to Atlantic Station, at about half the size. There is no question this will increase the values and amenities of the surrounding neighborhoods over the next several years, though they have already gone up tremendously in value and continue to.
I would personally like to see some for sale units in the new development, the recent trend with new construction (particularly in Atlanta), is the lack of new inventory coming to market. Most all new residential developments in the city are luxury apartments for rent, and outside of the city there are 1,000+ new home subdivisions being built just for rent.
