Sembler principal Jeff Fuqua couldn't be reached atGlobeSt.com's publication deadline. But Atlanta area brokers tellGlobeSt.com Sembler plans to build the retail center without theresidential component if its rezoning application is denied.
The Florida developer plans to buy the Moreland Avenue site fromAtlanta Gas Light Co. later this year for a price that will bedisclosed after the deal closes, area brokers familiar with theventure tell GlobeSt.com. Atlanta Gas is consolidating itsoperations at a Midtown office building.
Independent area planners, not associated with the project, tellGlobeSt.com Sembler was attracted to the Little Five Points site byits demographics--estimated gross household income of $50,000 peryear in a three-mile radius of the proposed undertaking.
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