Politics & Government
Georgetown redevelopment on a quick timeline
City Council could halt the development or pick from firms to negotiate with on the development of 35 acres.
Things are expected to move quickly over the next few days for the city’s of 35 acres in Georgetown.
The development is dubbed “Project Renaissance,” and city leaders envision a redevelopment effort that would bring parks and trails, low-density residential and small neighborhood commercial facilities at the city’s eastern gateway.
The proposals the city will consider were submitted 2:00 p.m. Friday.
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The city’s selection committee had a long weekend evaluating what proposals from a private firms might fit with what the city is looking to do on the property, located on a 16-acre parcel on 4000 Dunwoody Park Drive and a 19-acre parcel across the street on the 4500 block of North Shallowford Road.
“It all really goes back to the master plan for Georgetown,” said Bob Mullen, spokesman for the city.
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If the proposals received by the city are all a no-go, residents could learn as early as Monday night.
The city has an option to purchase the 19-acre site, the former home to an Emory hospital.
The city has to make an optional $100,000 payment on the option to keep the contract for purchasing the property. If the selection committee has found no suitable proposal, the city could abandon the option on the property – effectively halting the development.
If the selection committee has found proposals that it likes, it is scheduled to release the names of ”short-listed firms” Tuesday, according to the city’s invitation for proposal.
