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Gwinnett County buys 39-acres Gwinnett Place Mall site
December 15, 2020
Lawrenceville, December 15, 2020 – At its Tuesday meeting, the Gwinnett County Board of Commissioners approved the Urban Redevelopment Agency of Gwinnett County’s (URA) purchase of 39 acres of the Gwinnett Place Mall site. The property is being purchased for $23 million from Gwinnett Place Mall GA, LLC, which has owned the parcels at the core of the 90+ acre retail development since 2013.
The purchase is part of a strategic effort by Gwinnett’s government to create new opportunities for catalytic development in the area in partnership with the Gwinnett Place CID and local property owners. The acquisition is expected to close in 90 days, at which time management of the site will be transitioned to the URA, which was activated by the Board in 2009 with a focus on “rehabilitation, conservation or redevelopment” of necessary areas within the county.
The Gwinnett County Board of Commissioners approved the Urban Redevelopment Agency of Gwinnett County’s purchase of 39 acres of Gwinnett Place Mall at a Tuesday meeting.
According to a press release from Gwinnett County Government, the property is being purchased for $23 million from Gwinnett Place Mall GA, LLC.
The release says the purchase is part of an effort to create new opportunities for “catalytic” development in the area in partnership with the Gwinnett Place CID and local property owners.
The acquisition is expected to close within 90 days. After the closing, management of the site will be transitioned to the Urban Redevelopment Agency.
Gwinnett County commissioners vote to purchase Gwinnett Place Mall gwinnettdailypost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gwinnettdailypost.com Daily Mail and Mail on Sunday newspapers.