Council Increases Guaranteed Maximum Price For City Springs Project

SANDY SPRINGS, GA -- Last week, the Sandy Springs City Council approved modifying its contract with Holder Construction Group to increase the guaranteed maximum price for construction of the City Springs project.

However, the city notes the change order does not modify the overall budget of the massive redevelopment project.

“In developing the budget, we created cost source categories to address the various needs of the project," City Manager John McDonough said. "The modification to the budget is the result of a shift in responsibility to Holder related to theater and office furniture, A/V and security installation as well as changes in design related to conditions in the field."

The Council in February approved a guaranteed maximum value of $180 million for the project. The latest change order increases the value by nearly $8.9 million.

In increasing the budget allotted to Holder within the Construction Source category, the city reduces by almost $9 million funding allocated to the Furniture, Fixtures and Equipment source category.

The total budget as amended remains $222.7 million.

Goals for City Springs include the creation of a unique, vibrant, walkable City Center, which incorporates mixed-use development introducing new dining, high-end residential living, and amenity retail and entertainment options.

The project also will create an appropriate setting for a new civic/cultural center that will contain multiple uses such as city offices, meeting space and a performing arts facility. In addition, the city block will encompass a green space network to accommodate a variety of activities.

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Image via Councilman Gabriel Sterling