Monday, January 28, 2013
The $600 million mixed-used development in Alpharetta is scheduled to open its first phase on Aug. 22, 2014.
UPDATED 9 P.M.: Video of parking garage, retention wall demolition added. North American Properties broke ground today at Avalon, an 86-acre, resort-inspired, mixed-use development in Alpharetta next to GA 400 and Old Milton Parkway. "It's been a year and a half since we acquired Prospect Park, but we were chasing it a year before that," said Mark Toro, managing partner of North American Properties. "It's been tremendous. I'll call it a thrill to engage in this project." The $600 million project is scheduled to open Aug. 22, 2014. The developer says it will be the Southeast’s preeminent experiential development — "a place where specialty retail, entertainment, restaurant, residential, office, hotel and public spaces come together to create…
Wednesday, October 24, 2012
You'll have to wait until 2014 when the mixed-use development in Alpharetta by Old Milton Parkway and GA 400 opens.
Visitors to the Avalon development will get to lace on their skates and hit the ice from Thanksgiving to Valentine's Day, Mark Toro told business and community leaders at this week's Greater North Fulton Chamber of Commerce Eggs & Enterprise Breakfast. "We will build a skating rink outside. We expect to see 40,000 skaters," said Toro, a partner in North American Properties, owner of the development. He expects a lot of energy to be generated by the 10,000 college students expected to attend Gwinnett Tech's North Fulton campus, planned on a site just across Old Milton Parkway from Avalon. He said the company has applied for a land disturbance permit, and expects to begin construction in the first quarter of 2013. Avalon's opening is …
Tuesday, April 24, 2012
A release by North American Properties says event programming will occur in public spaces throughout the year.
Tuesday, April 24, 2012
North American Properties immediately issued a media release on the approval of the master plan amendment for Avalon that thanked the city and promised a quality development. According to the release, Avalon will bring more than 1,000 temporary construction jobs to the area and 3,500 permanent jobs. Upon completion, it is expected to generate $21 million in annual sales tax revenue, $4.5 million annually in new property taxes (including $700,000 to the city of Alpharetta) and $1.1 million annually in hotel taxes for Alpharetta. “The city of Alpharetta has long been one of the best places to live and work in the United States because its residents and elected officials have demanded a very high standard of quality from each new …
Friday, April 6, 2012
North American Properties' Mark Toro says the 83-acre mixed use development can't be built under the recommended conditions, but he's happy the application has moved forward.
Avalon can't be built with the conditions recommended by the Alpharetta Planning Commission, according to Mark Toro, managing partner of North American Properties in Atlanta. But Toro said he was glad the application to amend the Prospect Park master plan had moved forward after the vote at City Hall. It is scheduled to be heard by City Council on April 23. Planning Commissioner Nancy Bristol took the lead on how the board approached the conditions suggested by Community Development staff on which North American Properties didn't agree. The biggest was allowing any rental units on the mixed-use development. Avalon is planned to have 132 for sale units–mostly townhomes–and 250 rental units, all of which would be above the retail. Planning …