Sandy Springs has approved an incentive package to support the redevelopment of North River Shopping Center. The project is led by Woodfield Development and will transform the aging shopping center. It is part of Sandy Springs’ long-term effort to revitalize its north end.
City of Sandy Springs Approves Incentives for Mixed-Use Redevelopment
The City of Sandy Springs announced that it has approved an incentive package to support Woodfield Development’s project. The company is redeveloping the North River Shopping Center at 8830 Roswell Road. It will transform the shopping center into a mixed-use community with housing, retail, restaurants, and a public park.
The redevelopment is part of Sandy Springs’ long-term effort to revitalize its north end and create a more walkable, connected community. It is located near the Chattahoochee River and nearby trails. The project is expected to bring new investment to the Roswell Road corridor.
Construction is expected to begin later this year after Woodfield acquires the property and meets all development requirements. Woodfield has about eight acres of the 13-acre site under contract.
Mayor Rusty Paul said, “This project represents the vision we’ve had for the north end for years. Today’s action demonstrates Sandy Springs’ commitment to working alongside the private sector to create vibrant, connected places that improve quality of life and strengthen Sandy Springs for generations to come.”
The City Council approved incentives that include waived recreation impact and permit fees and a recommendation for a 10-year property tax abatement. Together, the incentives are valued at more than $4.3 million.
Patrick Kassin of Woodfield Development said, “We have tremendous confidence in Sandy Springs and are excited to make a significant long-term investment in the North End.”
Project Details: Housing, Retail, and Public Park
According to The Atlanta Journal-Constitution, Woodfield plans to develop 336 multifamily residences and 85 for-sale townhomes. The redevelopment project is valued at $150 million to $200 million. The incentives depend on Woodfield demolishing the existing shopping center and completing the approved redevelopment.
The redevelopment includes a new 0.71-acre public park. The park will include native landscaping, two playgrounds, open green space, shaded seating, restrooms, and space for live music and community events. Once completed, the park will be transferred to the city, which will take over its maintenance.
