A group led by Atlanta developer Egbert Perry has purchased the former GM plant site in Doraville, Ga., clearing the way for one of metro Atlanta’s biggest redevelopment projects.
Money changed hands on Wednesday. “As of a few hours ago we officially closed. We own the GM site,” Perry told Atlanta Business Chronicle.
The Perimeter hasn’t seen a potential land deal this big since Gerald D. Hines developed Ravinia in the 1980s.
Roughly 76 acres at Georgia 400 and Abernathy Road in Sandy Springs will hit the market today, becoming the largest development site available in the central Perimeter.