Real Estate
$40 Million Development Project Planned for Decatur
Carter USA's project to include 240 high-end apartments.
Atlanta-based real estate developer Carter USA is planning to construct a $40 million, mixed-use complex at 315 West Ponce de Leon Ave. in downtown Decatur, the Atlanta Business Chronicle reported.
The company, which has the 2.5-acre site under contract, is slated to make a presentation to adjoining property owners on March 13 at 7 p.m. at Decatur City Hall, 509 North McDonough St.
Carter's project calls for the construction of 240 high-end apartments and 10,000 squre feet of retail.
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The plans, including sketches of what the buildings will look like are on the city of Decatur website. Copies also are available at Decatur City Hall.
A Carter spokeswoman said the company did not have an immediate comment.
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The existing Decatur Court building, a 125,000-square-foot office development, is to serve as the anchor to the project.
The development follows an earlier proposed project on the site that was shelved a few years ago amid the economic downturn.
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