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Council approves development agreement tied to $150 million private investment along I‑85
Summary
Council approved a development agreement with the Brookhaven Development Authority and Atlanta Real Estate Holdings LLC for a project that staff said represents a $150,000,000 private investment and could include an automotive dealership, potential hotel and support for the Peachtree Creek Greenway.
The Brookhaven City Council approved a development agreement April 14 with the Brookhaven Development Authority and Atlanta Real Estate Holdings LLC for a multi‑phase project along North Druid Hills and Buford Highway fronting I‑85.
Economic development staff described the proposal as "a $150,000,000 private investment in Brookhaven" that would anchor a gateway at the I‑85 entrance and could include a high‑end automobile dealership, potential future hotel development and funding support for phase 2 of the Peachtree Creek Greenway. The developer team was present at the meeting; staff said the agreement also creates the potential for complementary private investment and enhanced public space.
A councilmember who moved the item praised the project as an example of "place making," saying the mix of upscale retail, hospitality and green‑space integration would spur complementary investment and support local businesses by increasing overnight stays and customer traffic. Council moved and approved the agreement following discussion and bipartisan support.
Staff said city staff will coordinate with the developer on final site details and identify any required public‑realm improvements and permitting steps. The agreement was presented as a development partnership between the city, the Brookhaven Development Authority and Atlanta Real Estate Holdings LLC; council approved the motion unanimously.
