The Peachtree Corners City Council announced at its recent meeting that it had entered into a contract to purchase 5.762 acres at Medlock Bridge Road and Peachtree Corners Circle for a purchase price of $6.9 million. The purchase will allow the city to control how the land, which borders the Town Center, is developed.
“We are pleased that the city had the chance to purchase this land,” said Mayor Mike Mason. “We recognized the benefit of acquiring the property when it became available and knew this was an opportunity we could not pass up because it would never come again.”
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The additional acreage abuts the 21-acre Town Center currently under construction. A small portion of the acreage will be needed for a traffic roundabout planned for the intersection, but the city has no specific plans for the remaining acreage at this time.
The Town Center, designed to be a centerpiece for the five-year-old city, will feature entertainment venues, restaurants, shops, office space, townhomes and a Town Green.
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The Town Green will feature an open-air pavilion, amphitheater, fire pit, open lawn, café tables and a community garden. It will also be the site of a veterans’ monument, which will honor those who have served or are serving in the U.S. Armed Forces. The 21-acre site is expected to be complete by December 2018.
“The purchase of this land is a big step for our city, and we give our mayor and council credit for taking the initiative to purchase the property,” said City Manager, Brian Johnson.
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