[{"_1":2,"_98":-5,"_99":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,74,86],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":56,"_73":56},"mediaId",6159934,"mediaKeyId","5452141-df4c91c1e7717223f5212e47ec7e4595","parentId",5452141,"title","Alpharetta economic development director summarizes staff changes, life‑sciences outreach and office market trends","audioSeconds",961,"startMs",1558000,"endMs",2519000,"viewUrl","/Search/View?dp=1&key=5452141-df4c91c1e7717223f5212e47ec7e4595&start=1558&end=2519","thumbnailUrl","https://assets.pipeline.soar.com/5452141-df4c91c1e7717223f5212e47ec7e4595/thumbnail_1558000.jpg","articleUrl","/articles/6159934/Alpharetta/Fulton-County/Georgia/Alpharetta-economic-development-director-summarizes-staff-changes-lifesciences-outreach-and-office-market-trends","mediaUrl","https://secure.pipeline.soar.com/6159934-31530d6a520ed06c0131e6a349b82780/orig.mp4?Expires=1775019470&Signature=hjCQW~6qu1xuDkGaKpoSEE2kzUTXYXQEBQxCjNWWyUhDzb1hr57Qb1PlZeKdXMaYue0jMGweL-oT0wse5wBA3kmZ2dHjTqLBj50-ZOxgtGN8PxAWxmrow14WMh22Jsg~vcymZURIENJ1Upk17Mtppkc9RZtNVJX~Tfl1Z0FV4Zit9hcj~DLHNJ0vLxDhWymsK0ApYa1uEx20N7NfPpvQiSat639lBfnBryJO4I3-6JV0QvHXFe2gmTvSlIePRZwQtrDqaVmg8y24kgBhNAo0zNglOxP0hObGaPVvcdJCdu28J8-cr-~emk302NFJy4qA~F0Z4rmlkiGfuRwCvDdY6A__&Key-Pair-Id=KUT5TJCACFTXG","author","","date","2025-07-23T14:23:58.933Z","article","Charlie Jewell, economic development director for the City of Alpharetta, provided a partner update on staff changes, marketing efforts for life‑sciences and fintech, and recent office market trends.

Jewell said economic development staff are filling a vacancy for an economic development manager after Charlotte announced she will relocate out of Metro Atlanta and depart the city on Aug. 8. He said first‑round interviews have begun and staff hope to identify a candidate \"in the coming weeks.\" Jewell asked authority members to thank Charlotte for her service before she leaves.

Jewell described marketing and outreach the department did at the BIO International Conference in Boston and at a Metro Atlanta Chamber reception. He said staff prepared a new sector marketing brochure tailored to life sciences that highlights employment statistics, flexible zoning for office and lab uses, and local company examples. Jewell said the city's zoning allows research and development/office uses to occupy up to 50 percent of a building (or 50 percent of a multi‑building campus), which can facilitate lab or light production uses in existing office buildings.

The director said the city will attend and exhibit at upcoming events including an economic development brunch in Atlanta and the Fintech South 2025 conference hosted by the Technology Association of Georgia (TAG). He said staff are working on a connected Alpharetta newsletter and a property‑feature program to highlight available buildings and sites.

On office market conditions, Jewell said quarterly data for Q2 show a local office vacancy of about 27.6 percent. He compared that to other Metro Atlanta submarkets referenced in the report: Midtown (over 30 percent) and central perimeter (about 27 percent); North Fulton excluding perimeter was reported at about 30 percent. Jewell said recent activity — including some return‑to‑office policies reported by brokers — has provided signs of demand recovery for office space, but he cautioned that older suburban office parks without nearby amenities continue to have higher vacancy. He cited local redevelopment efforts in Brookside (a 155‑acre office park) aimed at attracting investment and mixed‑use redevelopment.

Members asked follow‑up questions about mapping lab and R&D spaces, transportation for residents during Dogwood Square relocation (discussed in a separate agenda item), and the Northpoint Mall area; Jewell said there were no new updates on Northpoint Mall at the time of the meeting.","mediaType","Video","parentTitle","Alpharetta Development Authority Meeting - July 22, 2025","oneSentenceSummary","City economic development director Charlie Jewell briefed the authority on staff transitions, marketing outreach to life‑sciences and fintech sectors, upcoming conferences, and local office vacancy and product availability.","taxTitle","Alpharetta, Fulton County, Georgia","taxId",3991,"location","headline","shortSummary",{"_33":75,"_35":36,"_37":38,"_39":76,"_41":77,"_43":78,"_45":79,"_47":80,"_49":81,"_51":82,"_53":83,"_55":56,"_57":58,"_59":84,"_61":62,"_63":64,"_65":85,"_67":68,"_69":70,"_71":68,"_72":56,"_73":56},6159939,"Authority approves amended LURA and transfer of Lakeview project bonds after developer sale",414,1146000,1560000,"/Search/View?dp=1&key=5452141-df4c91c1e7717223f5212e47ec7e4595&start=1146&end=1560","https://assets.pipeline.soar.com/5452141-df4c91c1e7717223f5212e47ec7e4595/thumbnail_1146000.jpg","/articles/6159939/Alpharetta/Fulton-County/Georgia/Authority-approves-amended-LURA-and-transfer-of-Lakeview-project-bonds-after-developer-sale","https://secure.pipeline.soar.com/6159939-cf31f0200def6c4b09e95582bba71803/orig.mp4?Expires=1775019469&Signature=eyPwPFZRNf3X67PW9I5N2mzNT9kqf4q5fwWzUiOWnbnrCIPPl8sSY6xniTDA95XXJ1URyZ0LzY7V2Nedy5zvIUEelzXfmKIw4209x1J8YyFR7Uuq~XTP0RDlbji5DdDd0FqCf~G0mpu38NTaPu2AEkM3hZm3OrluQ-BWMuyHCZRq~L-NJnHeafsSuVmBG1BwCPZOHLZ4zMYcd4TTJl571jmctyFMHyfdKNlnkIrLuu5RyffYBwlWuUXgjgAjD-B-UlBEoKQDMXD5z6o2dbs5B7xBvN3qrYx-Z~YvbkjM4SirUvaJBeeMQ2l34T6tYaZyIM82lwNkshp~Jn7iia~VFA__&Key-Pair-Id=KUT5TJCACFTXG","The Alpharetta Development Authority approved an amended and restated Land Use Restriction Agreement (LURA) and adopted a resolution authorizing the sale and transfer of interests in the Eden at Lakeview project, including the assignment of documents tied to the authority's Series 2022 taxable revenue bonds.

The action follows a 2022 lease‑back transaction the authority entered into with Lakeview Residences LLC to provide an ad valorem property tax incentive intended to stimulate construction of the mixed‑use Lakeview development at 4115 Lake Street. Staff said construction began in 2022 and was completed in 2024; authority staff reported the project is currently about 93 percent leased.

City staff reviewed the proposed amended and restated LURA and found the clarifying changes to be in compliance with the zoning conditions attached to the original rezoning. \"It's solely based on their zoning condition, and the authority is just before you all because this is going to be recorded in the property index and we're just getting that stamp of approval,\" said Melissa (staff title not specified).

For the transfer, authority legal counsel said the current owner is exercising rights under existing agreements to sell and the purchaser (identified in the meeting as Ares/Ares Acquisitions LLC) and the seller have a purchase and sale agreement. Counsel said staff will present the necessary documents for execution and that they will coordinate with the tax assessor to amend the tax memorandum of agreement.

A motion to approve the amended and restated LURA was made by Dan (surname not specified), seconded by David (surname not specified), and carried 4‑0. A motion to authorize the transfer of the Series 2022 taxable revenue bonds was made by Sean Allen, seconded by Dan, and also passed 4‑0.

Authority staff said there were no additional substantive legal issues to report for either action; representatives for the purchaser were present at the meeting and available to answer questions.","The Alpharetta Development Authority approved an amended and restated Land Use Restriction Agreement (LURA) for the Lakeview mixed‑use project at 4115 Lake Street and authorized documents to effect the sale and transfer of the Series 2022 taxable revenue bonds to the purchaser, citing that the project is complete and stabilized.",{"_33":87,"_35":36,"_37":38,"_39":88,"_41":89,"_43":90,"_45":91,"_47":92,"_49":93,"_51":94,"_53":95,"_55":56,"_57":58,"_59":96,"_61":62,"_63":64,"_65":97,"_67":68,"_69":70,"_71":68,"_72":56,"_73":56},6159943,"Alpharetta authority approves revenue note to finance rehab of 100-unit Dogwood Square senior housing",946,168000,1114000,"/Search/View?dp=1&key=5452141-df4c91c1e7717223f5212e47ec7e4595&start=168&end=1114","https://assets.pipeline.soar.com/5452141-df4c91c1e7717223f5212e47ec7e4595/thumbnail_168000.jpg","/articles/6159943/Alpharetta/Fulton-County/Georgia/Alpharetta-authority-approves-revenue-note-to-finance-rehab-of-100-unit-Dogwood-Square-senior-housing","https://secure.pipeline.soar.com/6159943-c58b96b0c482e00382346c1600019f70/orig.mp4?Expires=1775019469&Signature=mXs3WcZpKIYpBG4RZFv6fuR0szz6L6seDT5x32Jq8mJMGdqMlA8a7~dKNe8i2FTnGPQwpEfLprch98Yx4AFj19vvdPZuQplhuP5mIUa0QnIues6yGOoISoofdj~PHzsvUzvg0z9EESY4ea1-7UDtr~7BMknb~0uWW~kdmHFQUOROSr388VT~EGdR7DjN4PB6ZFkMqZrmcGNJwZUWdf~yxbtxMNoyeylvjITt24pVW1AIvutgGR9t3MF~tcRXjZImiXqnujk2850mKglD5GyIC7~5wbPWPNSA6pa5AK68VQgw7qRrpO2J2Py5P9fV4guLve6HmAK4axcPtmWXrHgKOg__&Key-Pair-Id=KUT5TJCACFTXG","The Alpharetta Development Authority voted 4-0 to adopt a resolution authorizing the issuance of tax‑exempt revenue notes, in an aggregate principal amount not to exceed $20,000,000, to support the acquisition and rehabilitation of Dogwood Square, a 100‑unit senior affordable housing property at 555 Janice Lane in Alpharetta.

The measure matters because the property is covered by a U.S. Department of Housing and Urban Development Section 8 HAP contract that provides long‑term rent support for residents. Authority staff and legal counsel said the issuance would further the public purposes of the authority by preserving affordable housing in the city.

Legal counsel told the authority the development authority will act as a pass‑through issuer for the financing; the funds will be the proceeds of a private loan (originated by Pinnacle Bank) and the authority will not be an obligor on the loan. \"You are what we call a pass through issuer,\" said the authority's legal counsel. Counsel also said the authority is fully indemnified and is not pledging its taxing power to repay the debt.

Developer representatives described the project and the planned renovations. Dogwood Square sits on about 3.46 acres, was built in 1987, is five stories tall and contains 100 predominantly elderly independent‑living units and some units for mobility‑impaired adults. The developer said the work will include interior unit rehabs (new cabinets, appliances and flooring), expansion and reconfiguration of the community room, exterior improvements (a new pavilion, raised garden beds, repaired parking and a retaining wall) and other modernization to preserve the property for another 15–30 years.

The developer said temporary relocation will be necessary during construction and described a relocation plan that typically uses hotels, provides move‑out and move‑back services, and an allowance for food; the developer said it will provide transportation when required. \"Our hope is to close August 28,\" said a representative of the development/management team, and construction would begin after closing.

Authority staff said the issuance is intended to support an acquisition‑rehab transaction; Holland & Knight prepared the financing documents attached to the resolution. Staff identified Rebuild America (a nonprofit general partner) and Mansomar (development and management arm) as members of the development team; Pinnacle Bank is the participating lender/originator.

A motion to adopt the revenue note resolution was made by Sean Allen, seconded by Dan (surname not specified), and the authority voted 4‑0 to approve the resolution.

Next steps include executing the financing documents, closing the loan, and implementing the relocation and rehabilitation schedules described by the developer.","The Alpharetta Development Authority voted 4-0 to authorize a tax‑exempt revenue note, not to exceed $20 million, to support the acquisition and rehabilitation of Dogwood Square, a 100‑unit senior affordable housing community at 555 Janice Lane.","actionData","errors"]

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Alpharetta economic development director summarizes staff changes, life‑sciences outreach and office market trends

Authority approves amended LURA and transfer of Lakeview project bonds after developer sale

Alpharetta authority approves revenue note to finance rehab of 100-unit Dogwood Square senior housing