In Sandy Springs, Jamestown Properties is aiming to continue an Atlanta redevelopment winning streak that includes Westside Provisions District, Ponce City Market, and now Buckhead Village.
The developer won zoning approval this week to do so.
Members of the Sandy Springs City Council approved Jamestown’s plans—if cautiously—on Tuesday to redevelop most of the 13 acres at Parkside Shopping Center near the city’s revived downtown complex anchored by mixed-use hub City Springs, the AJC reports.
Jamestown already counts the 5920 Roswell Road shopping center—home to Tuesday Morning, Sandy Springs Cinema and Tap House, Egg Harbor Café, and a Chipotle, plus about 30 other retailers—in its Atlanta portfolio.
Plans call for redeveloping about 8 acres at the south and west sides of the site, much of it used for parking, into a variety of uses that would mesh better with the densifying area north of Buckhead.
While plans are tentative, the redevelopment would bring the block’s first residences in the form of five townhomes and a six-story building with 190 apartments and 23 for-sale condos. Elsewhere, 51,400 square feet of retail, 63,000 square feet of offices, a new parking deck, dog park, and centralized greenspace are planned.
The City Council approved zoning this week that will allow Jamestown to build a six-story structure that’s twice the height of what’s allowed for the rest of the site. Conditions stipulate the number of rentals will be capped at 275 in perpetuity, even if Jamestown should sell the property, and that any six-story buildings cannot cover more than 41 percent of the site, the newspaper reported.
The stipulations were meant to control any influx of apartments into the Roswell Road corridor. One councilmember worried aloud the shopping center could otherwise be transformed into a cluster of six-story buildings.
Jamestown is still designing the Parkside Shopping Center redo but hopes to break ground in 2022 and finish construction roughly two years later.
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