City Council Looks at Purchasing Nearly 42 Acres on Peachtree Industrial

Tract would be home to sports complex, 785 apartment units would be lost in redevelopment

The city concluded negotiations Monday for 42 acres of land at 6750 and 6664 Peachtree Industrial Boulevard.

Monday night, the city council voted 6-1 (with Denis Shortal voting against) to enter into a letter of intent with Cortland Partners LLC to purchase the Dunwoody Glen Apartments (alternatively known as the Chase Apartments), to redevelop into a multi-use sports complex.

As negotiated, Dunwoody would pay $19 million for the property, around $450,000 per acre.

"The purchase sets in motion the accomplishment of many of the goals in our adopted Parks, Recreation and Open Space Master Plan," said Mayor Ken Wright in city press release. "It provides us with adequate space for a much needed sports complex to meet the needs of our youth as well as freeing up Dunwoody Park for the expansion of the Dunwoody Nature Center."

The purchase is contingent on the passage of the park land acquisition bond.

City Manager Warren Hutmacher said the purchase would be 75 percent of the bond. The letter of intent would let voters know what they will be voting on, he said.

Hutmacher said the council has been negotiating on the property for more than a year.

The site currently has 519 units, and a 94 percent occupation rate in the complex.

The developer who owns the property and the 21 acres Lacota Apartments complex, which has 266 units, has agreed to redevelop the Lacota property if the city purchases and 42 acres and redevelops the property into a park.

"The city regrets the need to displace residents (785 apartment units), however, in a built out environment like dunwoody, we have found it challenging to locate a sufficient amoutn of vacant land for the athletic facility desired by the community," Wright said in the press release. "The city will work with Cortland Partners on a transition plan for the current residents, which includes 560 school age children who are in the Dunwoody cluster; all current leases will be honored without the threat of early cancellation."

Dundevil October 25, 2011 at 02:00 PM
I kind of like the intimate neighborhood small park approach that the Council is using to increase park accessibility and community spirit. lol Maybe that will be in the next bond issue. This one cost $19 million and appraised at $22 million. Appraisal probably was based on a revenue producing apartment complex. 75% ( Ithink that it is really closer to 85%) of the $33 million pre-spent plus borrowed another $5 million for the pipe farm. This Council group has some kind of baseball field complex. My vote will really be NO.
lbauman October 25, 2011 at 03:18 PM
This is wonderful news to those of us with children. We were at the DNC at a game last week and a child cut his hand on the fencing as it is so old. We need updates (which means positive change) and we need to move forward with absolutely "YES" to the Parks Bond!!
Heyward October 25, 2011 at 06:48 PM
"This is wonderful news to those of us with children..." Except for those who have children in "those" apartments. I support updates on our parks but not this way.
Robert Hopkins October 25, 2011 at 09:00 PM
Another sign of government run wild. Vote no on the parks bond issue. Don't give the politicians our money to gamble with.
Justin October 25, 2011 at 11:31 PM
Vote Yes on the parks bond issue. I am happy to see an investment in land. These enhancements to our city will maintain, if not increase, all of our property values in the long run.
What goes around comes around October 28, 2011 at 03:53 AM
This much controversy warrants SLOWING DOWN. Maybe the NEW Council will handle this better. You know - AFTER they read the City's ethics policy and all. To those commenting with a yes vote, before you go to the polls in a couple weeks, PLEASE do your due diligence beyond the surface and educate yourself on what's REALLY going on here.
Ann Claps October 28, 2011 at 07:47 AM
Pikkon10 Lucky in Dunwoody: It's been evident for some time "what's REALLY going on here; The promoters of Dunwoody as a city is a transparent end run around the laws against discrimination of any kind. The first & foremost motivation for building parks, sports complexes, and more parks is -- it helps them get rid of the HATED apartment complexes slowly but surely -- with an enormous expense . You see - APARTMENTS bring undesirables too close to precious Dunwoody! They bring too many children & those children CLOG the schools of the "Precious Dunwoody Cluster!!! The City Fathers are not fooling anyone with a brain! Good Luck to them - I for one will never vote "yes" for that nefarious Bond Issue! Open your eyes, folks - before they propose builiding a Moat & Drawbridge around the City of Dunwoody!!!!
Dunwoody! October 28, 2011 at 01:45 PM
i'm so confused by your post ann


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