Here's a bold statement: "The days of going further out to that next 'green field' (in metro Atlanta) have ended because there is too much traffic and no one wants to make that commute anymore." That's Steven DeFrancis, CEO of Cortland Partners, speaking with the Atlanta Business Chronicle about his company's plans to redevelop a '70s-era apartment complex along the Perimeter in Sandy Springs.
Cortland wants to build about 300 apartments or less on the 7-acre site of the Provenance North complex on Roswell Road. And, as the newspaper notes, they join a rising tide of developers who've ditched ambitions for ground-up projects across Atlanta to develop existing sites in urban centers near transit. Have those who shape ATL finally seen the light?
·Cortland pursues Sandy Springs redevelopment [ABC]
·Vacant Downtown Tower Could Become Apartments [Curbed Atlanta]