🏗️ The Gist: Gwinnett County completed the sale of the Stone Mountain Tennis Center site to Fuqua Acquisitions II, LLC for $5.6 million, marking the beginning of a significant redevelopment effort in the county’s southern corridor.
📊 The Details: The Gwinnett County Board of Commissioners has finalized the sale of the 26-acre Stone Mountain Tennis Center site to Fuqua Acquisitions II LLC, setting the stage for a transformative redevelopment project.
This move comes after the county acquired the property in 2016, aiming to revitalize the underutilized land and stimulate growth in a key entry point to Gwinnett County. Fuqua Acquisitions II LLC is promising a regional mixed-use development that includes wholesale retail, dining, and affordable housing, alongside job creation and community enhancements.
🔢 By The Numbers:
- $5.6 million sale price for the 26-acre site.
- $158.8 million investment by Fuqua and its partners in the redevelopment.
- 520 permanent retail and dining jobs expected.
- 400 construction jobs anticipated during the redevelopment process.
- 50 units of affordable housing planned within the mixed-use development.
🌐 The Big Picture: This project is poised to act as a catalyst for further redevelopment activities in the area, leveraging Gwinnett County’s strategic acquisition of the site. The envisioned mixed-use development aligns with broader trends towards revitalizing and repurposing urban spaces to meet contemporary needs for housing, employment, and recreation.
Thom Chandler
Thom Chandler is the editor of The Georgia Sun and has been writing, editing and managing websites and blogs since 1995. He is a lifelong Georgian and one of those increasingly rare Atlanta natives.
