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Council extends deadline for Continuum mixed-use project's for-rent component to 2026

2086342 · January 7, 2025
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Summary

Alpharetta council approved a one-year extension to a reversion clause for the Continuum mixed-use development, giving the applicant additional time to reposition an existing office building and secure a rental developer.

The Alpharetta City Council approved a request to extend the reversion date for the for-rent portion of the Continuum mixed-use development at 5555 Windward Parkway from October 17, 2025, to 2026.

City staff said the applicant seeks the change because of challenging office-leasing and lending market conditions. Staff described the project’s progress since approval in October 2022, including a land-disturbance permit and building-permit work to reposition an existing office building (the HP office building), minor subdivision, approved intergovernmental agreement, and ongoing construction that began in October 2024.

Julie Sellers of Southwest Value Partners and a project representative (Joe) told council the team is investing about $17 million to reposition the office building and is roughly halfway through exterior/core work, with core-and-shell scheduled for completion around May. Sellers said the owner is working to align with best-in-class residential partners and requires time to market the for-rent component once the office repositioning is substantially complete.

Council members pressed staff about execution risk and whether the applicant intends further changes to the approved entitlements. Staff said the applicant indicated no intent to change the approved Continuum mixed-use development and only requested additional time to secure leasing and a for-rent developer.

The council voted to approve the change to condition 4(d) to move the reversion date to 2026. Staff will continue to monitor progress and the applicant must satisfy the modified condition by the revised date or the units will revert to for-sale as specified in the condition.