Sandy Springs has finalized the public incentive package for Woodfield Development's redevelopment of North River Shopping Center at 8830 Roswell Road. City Council voted on Aug. 18 to waive about $1.775 million in recreation-impact and permit fees and to recommend a 10-year property-tax abatement.
On Aug. 26, the Sandy Springs Development Authority adopted the bond resolution authorizing up to $110 million in taxable revenue bonds and an abatement valued at about $2.54 million. Together, the incentives are worth roughly $4.3 million. The approximately $200 million redevelopment would replace the aging shopping center with 336 apartments, 85 for-sale townhomes, at least 10,000 square feet of retail and restaurant space, and a 0.71-acre public park.
Acquisition and construction were expected to move forward in fall 2026, subject to the developer completing the required agreements and work.
Update history
What changed
Development Authority completes the financing step
The authority authorized up to $110 million in taxable revenue bonds and an estimated $2.54 million, 10-year property-tax abatement. This implemented the tax portion of the package City Council had already advanced.
City Council advances the incentive package
Council approved roughly $1.775 million in recreation-impact and permit-fee waivers and recommended the accompanying 10-year tax abatement for the redevelopment.
Why it matters
This is one of the largest redevelopment bets in Sandy Springs' North End in decades, replacing an aging strip center with housing and public space while committing the city to a decade of tax relief.
Sources and documents8 sources
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