Hopeful News for Westside Pkwy completion in Alpharetta GA

Real Estate Agent with RE/MAX Around Atlanta

Finally, there's promising news for the completion of Westside Pkwy from Westside Pkwy in AlpharettaOld Milton north to Windward Pkwy.  According to Neighbor Newspapers, Wells Fargo recently purchased the property known as Prospect Park from auction in liquidation from bankruptcy proceedings.  The incomplete portion of Westside Pkwy is on the Prospect Park land.   You may know this as you pass on Old Milton Pkwy from GA 400 into downtown Alpharetta and look right and go "What the ...?"

The original developer had agreed to build the parkway as part of their development plan approved by Alpharetta but fell into bankruptcy with the recent recession.  The developer, Thomas Enterprises,  had grand plans for upscale shopping, numerous restaurants, an AMC Theatre, a luxury hotel and high-end townhomes projected to start at 1.5M (really???).  However, these plans fell woefully short with the economic Prospect Park construction site in Alpharettadownturn, so what you see now is a partially finished parking deck and a rough gravel road which will eventually (hopefully) become the parkway and help relieve some of the traffic on GA 400.

According to Alpharetta city officials, representatives of Wells Fargo recently met with the city's attorney and staff to begin to learn about the history and background of the proposed development and the city's concerns.  Alpharetta officials are pushing to have the Parkway land turned over to the city in order to expedite the completion of the Parkway.  While it is unclear whether Wells Fargo will agree to comply with the city's request, any change to the existing development plan must meet with city council approval, so I'd expect that Wells Fargo will acquiesce in order to grease the wheels for changes they may need to the project due to the current economic climate.

Our hope is that Wells Fargo will quickly develop a plan and find appropriate tenants to make this "gateway" to Alpharetta become an asset instead of an eyesore.

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RE/MAX GalloonsBen Staten and Kathy Kirby Seger - RED HOT ATLANTA HOMES Group, REALTORS 

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