Chamblee DDA ratifies third amendment to Greystar sale, approves two administrative payments

The Chamblee Downtown Development Authority on Thursday approved a third amendment to its purchase and sale agreement with Greystar Development East LLC, clarified remediation cost-sharing and site-plan descriptions for the planned City Center development, and voted unanimously to approve two administrative payments for ongoing projects.

The board’s chair said the buyer completed its due-diligence period and that an initial $250,000 deposit “has gone hard,” meaning the payment is nonrefundable under the purchase-and-sale agreement unless the buyer and seller otherwise agree. “That money is non refundable,” the chair said.

The amendment updates legal descriptions, clarifies who pays for remediation, and reconciles the previously stated site-plan minimum of 30,000 square feet of retail with the applicant’s submittal of roughly 29,000 square feet of ground-floor retail plus approximately 8,000–9,000 square feet of second‑floor patio space. The amendment also adjusts the bond‑approval period tied to closing.

Why it matters: the actions move a long‑planned redevelopment closer to construction by resolving technical discrepancies in the sale paperwork and documenting which party is responsible for clean‑up costs. The project will occupy multiple parcels and is the largest, most complex site plan the DDA said it has seen,…