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Chamblee DDA tables New Peachtree Road proposal, holds executive session on real estate
Summary
At its meeting the Chamblee Downtown Development Authority tabled a proposed project for 50466 New Peachtree Road, discussed chair's reports on pending purchase-and-sale agreements with Greystar Vantage and Larry Pierce, reviewed routine maintenance items, and voted unanimously to enter and exit an executive session on a real estate transaction.
The Chamblee Downtown Development Authority at its meeting tabled consideration of a proposal for 50466 New Peachtree Road and entered an executive session to discuss a real estate transaction, with both motions passing unanimously.
Chair's report: the chair said the DDA is working on purchase-and-sale agreements (PSAs) related to the sale of DDA-owned properties and a separate PSA involving Larry Pierce's property; the chair said portions of those PSAs touching on abatements will be reviewed by Dan, which could add time to finalization. The chair said the objective is to finalize both PSAs as quickly as possible to…
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