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Huge Perimeter Proposal May Actually Have Legs

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[All images by 1117 Sandy Springs LLC via ABC.]

Last month a Korean investor released details for a five-tower mixed-use development in the densifying Perimeter Center area. While hardly the first massive proposal in the vicinity, it seemed unlikely that this one would proceed at the suggested scale. However, according to Bisnow, the developer has filed a Development of Regional Impact case with the state to advocate for rezoning to allow this mega-project to open in 2022.

The numbers indicated on the DRI form are downright astounding. If developer In Shink Hong was to get his way, the project would bring more than 1.5 million square feet of office space, 1.6 million square feet of residences and almost 200,000 square feet of commercial development to a site currently dominated by large surface parking lots. Three towers would contain 1,587 residential units while the offices would fill two additional towers.

While the construction of a 3.3-million-square-foot project may seem wholly unattainable, the DRI submission indicates that the developer doesn't view this as impossible to achieve. Time will tell if this is merely a folly, or if this scale of development has legs to go the distance in Sandy Springs.

· Foreign Developer Moving Forward on Massive Central Perimeter Project [Bisnow]
· Massive Proposal Squashes 'Suburban' Notion of Sandy Springs [Curbed]