The Peachtree Corners city council recently contracted Bleakley Advisory Group to develop a multi-family housing redevelopment study for the Holcomb Bridge Road Corridor. The $18,000 contract will analyze the economics of redevelopment for four existing apartment projects, test potential regulatory and incentive policies for targeted redevelopment and suggest alternative city policies to support targeted redevelopment of multi-family properties.
According to Bleakly Advisory Group, “Peachtree Corners is facing a problem common to many established suburban areas of having a number of older apartment complexes which have outlived their economic usefulness and have become areas of low rents, increasing crime, social dysfunction and lagging property values.”
The consultant anticipates it will take four to five weeks to complete a report.
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