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Sandy Springs midyear economic development update: Mercedes expansion, 1,700+ rental units in pipeline
Summary
Director Chris Burnett briefed council on corporate recruitment wins and a development pipeline that could add about 1,700 multifamily rental units and roughly 200 for‑sale units over the next three to five years.
Chris Burnett, the city’s director of economic development, told the City Council Tuesday night the department’s midyear report shows strong corporate retention and a multi‑year pipeline of housing projects.
Burnett highlighted corporate moves including Mercedes‑Benz’s continued consolidation of North American offices to Sandy Springs and other leases that have stabilized the office market. He said the 25 largest companies headquartered in Sandy Springs generate roughly $262 billion in combined revenue and characterized the city as an attractive market for employers.
On the real‑estate pipeline, Burnett said projects…
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