A sea of OTP parking lots could play host to the largest injection of new for-sale condos metro Atlanta has seen in ages.
That’s the word from Grubb Properties, which has submitted formal rezoning requests for a 19.4-acre site that includes three office buildings in Dunwoody, just north of Interstate 285.
Grubb Properties’s proposal would include some 900 condominiums within a large mixed-use hub the firm says is designed to accommodate walking and biking. That’s more than four times the amount of condos proposed at Midtown’s No2 Opus Place skyscraper, which developers have said should begin “full force” construction this fall.
Called “Park at Perimeter Center East,” the venture would also see 500,000 square feet of new office space, about 12,000 square feet of retail, a smattering of for-sale townhomes, and nearly 3 acres reserved for parkland, according to a press release.
Condo towers would rise a maximum of 14 stories.
One of the three buildings on site was previously Dunwoody’s City Hall, while tenants such as Veritas Collaborative, Hotel Equities, and Alzheimer’s Association, Georgia Chapter, occupy offices that were recently refurbished.
The City of Dunwoody bought a former bank building nearby for $8 million in 2016 and relocated there earlier this year, according to the AJC.
Elsewhere in Atlanta, North Carolina-based Grubb Properties is building 240 apartments next to the GlenCastle redevelopment in Grant Park.
Company officials say the redeveloped Dunwoody site will be encircled by a 12-foot-wide multi-use path, dotted with public art, and will generally encourage “multimodal activities” such as biking and utilizing nearby transit.
Paul O’Shaughnessy, a Grubb Properties senior development associate, said the project's location exemplifies the “urbanizing areas” the company is scouting in order to build more sustainable communities around the Southeast.
“With multiple access points around the site for pedestrians, bicyclists, or even those who want to ride scooters,” said O’Shaughnessy in a prepared statement, “Park at Perimeter Center East’s past life as parking lots will be quickly forgotten by those connecting with friends and colleagues on the property.”