Hopeful News for Westside Pkwy completion in Alpharetta GA

By
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.

Posted by

 

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

Ben at 404-323-0049 and Kathy at 404-314-8129

RE/MAX Around Atlanta - Offices around Atlanta to serve you!

Associate Broker Licenses   -  Certified Destressed Property Expert  -  Accredited Buyer Representative   -   Certified Residential Specialist  -   Senior Real Estate Specialist   -  Accredited Sellers Representative   -   Graduate of the REALTOR Institute - Certified Relocation Consultant   -   ePro

 

Homes for Sale - Woodstock, Roswell, Milton, Marietta, Alpharetta and Surrounding Areas of Metro Atlanta

Real Estate Agent for Woodstock, Roswell, Milton, Marietta, Alpharetta, and Surrounding Areas of Metro Atlanta

Selling your Woodstock Ga Home with a real estate agent, call REALTORS Ben Staten and Kathy Kirby Seger to learn about their pro-active, written marketing program.  Selling homes in Woodstock, Roswell, Milton, Marietta, Alpharetta, Holly Springs, Canton, Acworth, Kennesaw, Smyrna, Sandy Springs.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Georgia Fulton County Alpharetta
Tags:
alpharetta real estate
alpharetta homes for sale
north atlanta homes for sale

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
93,870

Kathy Seger & Ben Staten

Red Hot Atlanta Homes Group
Ask me a question
*
*
*
*
Spam prevention

Additional Information