Politics & Government
Roswell Moves Forward With Shopping Center Purchase
The Roswell Plaza Shopping Center is located near the intersection of Alpharetta and Norcross streets.
---
Roswell, GA -- The Roswell City Council recently voted to approve the city’s purchase of the Roswell Plaza Shopping Center.
Find out what's happening in Roswellfor free with the latest updates from Patch.
Initially, the Downtown Development Authority — which coordinates public/private programs that promote the redevelopment and growth of Roswell’s central business district — was expected to purchase the property and coordinate redevelopment.
Howevever, at the Dec. 14 meeting, City Council unanimously voted to accept the assignment of the contract to purchase the property instead.
Find out what's happening in Roswellfor free with the latest updates from Patch.
The shopping center is situated on 4.274 acres near the intersection of Alpharetta Street and Norcross Street.
The city’s purchase will allow Roswell’s newly elected City Council members, who will take office in January, to weigh in on the best uses for the property.
“Due to this property’s prominent location in downtown Roswell, near both City Hall and Canton Street, it is vital to ensure that the city, the DDA and any potential developers are on the same page regarding future development,” said Roswell Mayor Jere Wood. “The city’s ownership of the property will allow City Council to direct redevelopment of the property consistent with the goal of sustainable economic growth.”
The DDA will continue to partner with the city on this project and lead the effort to seek redevelopment proposals. The DDA’s use of economic development tools will be aligned with the City Council’s goals for the property.
“We are excited to work with the city to help transform this potentially catalytic property,” said DDA Chair Monica Hagewood. “This site presents an important opportunity to showcase the kind of development that will inspire other nearby properties to redevelopment, bringing more life to the broader downtown area. It will serve to extend the vibrancy of Canton Street across Alpharetta Highway and encourage a mix of uses where residents and visitors can live, work, and play.”
Roswell expects to close on the $4.85 million property on or about Jan. 18, 2016.
---
Image via Shutterstock
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
