Lifetime Citizen Portal Access — AI Briefings, Alerts & Unlimited Follows
Alpharetta Development Authority discusses bus tour, visits to recent bond-supported projects
Loading...
Summary
Board members discussed conducting an evening bus tour of recent and near-complete projects — including Continuum renovations, Morgan Stanley (formerly E*TRADE), Kimball Place and Northpointe Mall — and asked staff to return with a scheduled plan and possible presentations by tenants or developers.
Members of the Alpharetta Development Authority discussed scheduling a site tour to review recent and near-complete projects that received authority financing or abatements and asked staff to develop a feasible agenda for an evening bus tour.
Authority members suggested stops including Continuum (a large renovation financed by bonds issued last fall), Morgan Stanley’s local facility (acquired through E*TRADE’s acquisition and expanded last year), Kimball Place (a speculative office project for which the authority approved $45 million in bonds in 2020) and Northpointe Mall. Staff also suggested Eden at Lakeview and other recent projects the authority has supported.
Staff described Continuum as a project for which the authority issued what was reported in the meeting as "a hundred $9,000,000 in bonds" last fall to renovate approximately 515,000 square feet; renovations are nearly complete and the property has a temporary certificate of occupancy. Morgan Stanley’s facility had a ribbon cutting and grand opening in October of last year. Kimball Place was noted as near full lease-up, with a single suite of roughly 13,000 square feet still available on a 30,000-square-foot building.
Board members discussed whether to ask tenants or developers to speak briefly during the tour about how abatements or other authority actions affected their projects. One member proposed inviting representatives to provide five-minute remarks about the impact of abatements on lease-up or operations; staff said that could be arranged or the authority could ask entities to present at a future regular meeting instead.
Staff warned that any bus tour is an open meeting under the Georgia Open Meetings Act and must be noticed on the agenda with a schedule the authority will try to follow so the public may attend. Staff said Charlotte would adapt the last tour’s agenda and return with a plan in the next month or two listing sites that can be visited within a couple of evening hours.
No formal action was taken at the meeting; staff will return with a proposed tour schedule and logistics for the authority to approve.
