Sandy Springs Development Authority Locks In $2.5M Tax Break for North River Redevelopment

The Sandy Springs Development Authority adopted a bond resolution on Aug. 26 enacting the 10-year, $2.54 million property tax abatement City Council approved Aug. 18 for Woodfield Development's North River Apartments redevelopment.

Rendering of the planned North River Apartments redevelopment showing new residential buildings and green space along Roswell Road in Sandy Springs.
Rendering of the planned North River Apartments redevelopment showing new residential buildings and green space along Roswell Road in Sandy Springs.Woodfield Development

The Sandy Springs Development Authority adopted a bond resolution on Aug. 26 enacting the 10-year, $2.54 million property tax abatement City Council approved Aug. 18 for Woodfield Development's North River Apartments redevelopment.

Why it matters

The vote clears the last hurdle for a $150M-plus overhaul: 336 apartments, 85 townhomes, retail and a new public park replacing an aging strip mall.

What to watch

Construction is expected to begin later this year once Woodfield closes on the roughly 8 of 13 acres it has under contract at 8830 Roswell Road.

JurisdictionCity of Sandy Springs
Homes421
Investment$150,000,000
ScopeNeighborhood
Site13 acres
Size10,000 sq. ft.
StageMajor Approval

Sources

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