Formerly known as “Friday’s Plaza,” this Doraville, Georgia shopping center is located on Peachtree Industrial Boulevard at Tilly Mill Road just outside the Perimeter (I-285), and has historically served the north metro Atlanta communities. For decades, this was a successful shopping center but the previous owner lost an anchor tenant and the property spiraled downward. Kaufman Capital Partners purchased this property for less than its previous mortgage. The proposed multi-family development plan is for a “surface-parked” project with two buildings ranging from three to five floors. The staggered floors are necessary to accommodate the significant grade change of more than 20 feet on the site. The project will include typical amenities for a development of this size.
Summary of proposed multi-family development
Estimated unit mix (subject to change):
|Studios and One Bedroom Units:||180-200 units (60% – 70%)|
|Two Bedroom Units:||75-90 units (25% – 35%)|
|Three Bedroom Units:||15-30 units (5% – 10%)|
|Total Amenity Space:||7,500 square feet (includes leasing office)|
|Ground Floor Commercial/Retail Space||3,500 square feet (approximately)|
|Surface Parking:||427 spaces|
Leasing inquiries can be directed to Garry Sobel.