BUSINESS
North American Properties Invests in Downtown Peachtree Corners
little second-generation love and needs some renewed focus. And it’s just rare you find something of such great quality with such great potential.” With an average household income of $102,564, according to City of Peachtree Corners statics, and State Route 141, a major thoroughfare carrying commuters from as far north as Forsyth County through the city into Buckhead, the town of about 45,000 has quite an appeal. Perry, himself, takes that route from his home in Johns Creek to his offices in Midtown. Although it lies on the Gwinnett County side of the Chattahoochee River, Peachtree Corners has the potential to rival Roswell and Alpharetta for affluence and quality of life.
Proven track record
A
s anyone who’s taken on a fixer-upper project can attest, you must have vision turn the worn-out into the worthwhile. Whether it’s an old sports car sitting under a tarp in the garage, a rundown farmhouse or an aging retail center that’s lost some of its luster, the artistry is looking beyond the rusted-out floorboards or rickety front porch and
picturing what it could be. A decades-old structure could become a space where people can live in amenity-laden accommodations, work in technology-forward office space and be entertained by the trendiest venues — all within a few miles’ radius. That’s why many in Peachtree Corners are excited about the prospect of North American Property’s (NAP) purchase earli-
By Arlinda Smith Broady
Feature image by Singh Vipul
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Peachtree Corners Magazine ■ April/May 2022 ■ LivingInPeachtreeCorners.com
er this month of The Forum at Peachtree Parkway. For an undisclosed amount, it partnered with Nuveen Real Estate, another industry giant, to revitalize the 22-year-old site. “To have an opportunity to get something like The Forum to own and be able to invest in a community like Peachtree Corners is important,” said Tim Perry, NAP managing partner. “By far the best thing was that the community just loves the asset, and it just needs a
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That’s where the genius of NAP comes into play. It has already proven it can spin straw into gold, so to speak, when it comes to multi-use development. The rejuvenation of Atlantic Station in Midtown and Avenue Tim Perry East Cobb in Marietta, as well as starting from the ground up with Avalon in Alpharetta, are testaments to the expertise it has honed over the years. Now The Forum stands to become the next shining example. To make that transformation, NAP won’t just slap on a few Continued on page 34 peachtreecornerslife
Chuck Waters
