A major mixed-use project including 425 apartments and a new east-west connector road is planned to go up alongside the Palisades office park at 5901 Peachtree-Dunwoody Road in Sandy Springs.
The project by Sandy Springs-based Pollack Shores Real Estate Group also includes 10,000 square feet of retail and restaurant space, according to a press release. The existing office buildings would remain. A real estate closing on the land for the development was announced May 11.
Pollack Shores has agreed to help pay for a new east-west connector road between Peachtree-Dunwoody in Sandy Springs and Perimeter Center Parkway in Dunwoody. That is part of longer roadway planned to improve east-west traffic access through Perimeter Center.
“We were really drawn to Palisades’ proximity to MARTA and its location near numerous job centers in the Perimeter market,” says Pollack Shores Managing Director Michael Blair in a press release. “We feel the property is a perfect candidate to redevelop into a more usable and walkable destination that better serves the existing office tenants, neighboring properties and future residents.”
The apartments would be “luxury” units ranging from one to three bedrooms. Some of the retail space would front on the new east-west connector. The project involves two new buildings with a common green space.
The Sandy Springs City Council approved the basic zoning modifications for the plan last year. A spokesperson could not immediately say whether other zoning approvals are required for the current plan. The press release says the developer hopes to complete the project by late 2018.
The project joins other major mixed-use projects underway or planned for the Perimeter Center section of Peachtree-Dunwoody, including an expansion of Concourse Center and a redevelopment of Pill Hill’s Pavilion office park.