The Suwanee Downtown Development Authority has taken initial steps to enter a public-private partnership with developer Terwilliger-Pappas to create a mixed-use multifamily/retail building at Chicago Street and Buford Highway adjacent to Town Center. The proposed $46 million development, on 3.5-acres currently owned by the DDA, is expected to feature a five-story structure with 10,000 square feet of street-level commercial/retail/restaurant space and 235 high-end apartments. The project will also include a parking garage.
Under the terms of the letter of intent, Suwanee’s DDA would receive $600,000 in cash for the property plus ownership of the 10,000 square feet of commercial/retail space. The approximately 3.5-acre property being purchased by Terwilliger-Pappas was acquired by the city over time for $497,000.
The new development will have a similar look and feel to the current Town Center area and will employ first-class building materials and architecture and offer top-quality amenities.
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