Mixed Use Project in Forsyth County Delayed

Real Estate Agent with BERKSHIRE HATHAWAY Georgia Properties 157561

For those who have been following this ongoing saga, you may not be surprised to hear that the Forsyth County mixed use project has been delayed.


cumming ga google map imageIn 2008, Taubman Centers Inc. signed a deal with ForsythCounty to build a regional mall, office space, hotels and residential units on a 164 acre plot that sits between Union Hill and McFarland roads. The original agreement called for a finish date of 2015.


However, due to current economic conditions and recent sale of a parcel of land for apartments which that developer plans to begin soon, Taubman sought changes to the agreement.

In a meeting held on
October 7, 2011ForsythCounty commissioners voted 5-0 to make amendments to the development agreement with Taubman which will push back some of the contractual dates resulting in an opening date of the regional mall being delayed until 2020.


The amended agreement will also push back the county’s deadline to reimburse Taubman for right-of-way costs and allow the developer to purchase a portion of its reserved sewer capacity at a reduced rate.


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
ActiveRain Community
Georgia Forsyth County Cumming
forsyth county real estate
forsyth county economy
forsyth county economic development
cumming ga economy
cumming ga real estate market

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?


Gayle Barton, Forsyth County Real Estate

Cumming GA Homes For Sale (404) 710-0204
Have a question? JUST ASK ME...
Spam prevention

Additional Information