Real Estate

Peachtree Corners Getting Mixed-Use Development

The new owner of the 20.6 undeveloped acres across from The Forum plans residential, retail, office space along with a hotel, amphitheater and green space.

 

At long last, Peachtree Corners residents may be getting what many have longed for - a community gathering place they can call their own.

The undeveloped acreage across from The Forum has a new owner whose vision goes well beyond the plans of its previous owner.

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Grandview Township, LLC, headed by Bob Cheeley, with Piedmont Bank, has purchased the tract of land from Lennar, a Miami, Fla.-based company that had just recently bought the 20.6 acres for $7.6 million with the intentions of building 250 garden apartments.

Cheeley and his investment group, have a much different idea for this last undeveloped piece of Peachtree Corners real estate.

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Imagine a place that could become the center of activity for the new city with wide sidewalks, benches, green space for holding art festivals and surrounded by upscale condominiums, boutique retail shops, restaurants, a hotel and office space. Oh, and throw in a 1,000 seat amphitheater as icing on the cake.

"I always thought the property should be mixed use," said Cheeley who just recently purchased five acres adjacent to the Piedmont Bank and had it rezoned to be developed into office, retail and restaurant space.

"This can be the new town center, said Cheeley who said he's "already received incredible interest from developers around the Southeast who want to be involved."

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