REAL ESTATE THE DUST Y COIN

New apartment high-rise would reshape block of Pharr Road

By Collin Kelley

The Buckhead Development Review Committee looked at plans for a proposed 20-story apartment tower that would reshape of a portion of Pharr Road in Buckhead.

The property located at 321 Pharr in Buckhead Village would also include ground-level retail, restaurant space and a parking garage for 500 vehicles.

No affordable housing is included in the 400-unit proposal, according to representatives from Tidal Real Estate Partners. However, one unit would be reserved for a Zone 2 Atlanta Police officer who wants to live onsite through a subsidy program.

The site between Grandview Avenue and N. Fulton Drive is currently home to the Pharr Road Emporium shopping center. The Chevron gas station at the corner of Pharr and Grandview would remain.

Members of the Development Review Committee said at its February meeting the plan is still working its way through the NPU and city and reserved recommendations for a future meeting.

Sandy Springs eyeing City Springs expansion

By Bob Pepalis

Sandy Springs City Council will choose one of five master developers to extend the City Springs campus.

The approximately four acres of property includes 108 city-owned parking spaces, vacant land, a temporary fleet facility for city vehicles, and a small building that serves as a gym for the Sandy Springs Police Department.

Plans for the property included mixeduse development, including a boutique hotel, office, retail, and residential components, with a preference for owneroccupied housing, according to the request for proposals.

The city received five proposals and all were found to be in compliance with the city’s process and qualified to move forward to the second phase, City Manager Eden Freeman said during a special called City Council meeting on Jan. 23. firms include:

■ The Atlantic Companies

■ Mid City Real Estate Partners with ASD|SKY

■ Mill Creek Residential Trust with Westbridge

■ Regent Partners with Morris and Fellows

■ RocaPoint Partners and The Georgetown Co.

“I’m very excited that we’re encouraging their creativity. So they are well aware that we are open to rezoning,” Councilmember Jody Reichel said.

Freeman said once the city receives the proposals and makes its choice of partners if the selected firm asked for rezoning staff would then bring it forward. The proposals will have comprehensive layouts of what they plan and will have detailed concepts about what they want to produce, including financial performance, she said.

Freeman said staff expects to bring a recommendation of a master developer in April.