$50M Mixed-Use Redevelopment Advances in Doraville
Atlanta-based Kaufman Capital Partners secured approval by the City of Doraville’s Downtown Development Authority (DDA) for $19 million in incentives to develop a multifamily community at the Village at Tilly Mill Crossing shopping center. Kaufman Capital Partners reached an agreement with the city to invest $50 million into the project, which will transform the city’s western gateway with a Class A development projected to attract more than 400 new residents to the city.
With potential challenges anticipated by the outbreak of COVID-19, the developer was granted an extension for substantial completion of the project to March 2023, which is being developed in partnership with Atlantic Residential.
The project will include two residential three to five-story buildings, with up to 320 apartments and a mix of studios, one, two and three-bedroom units. The new development also will include some discounted “Hero Housing” units for members of the City of Doraville police force or staff.
For comments, questions or concerns, please contact Dennis Kaiser