Years after dismissing the final workers and shutting its doors for good, the GM plant along I-85 in Doraville has been sold for redevelopment. The Integral Group, led by Egbert Perry, has the site under contract and is currently performing the necessary due diligence before the scheduled close day on August 3rd. According to sources from Integral, the company will need to be sure the site can deal with all of the environmental changes that go along with redeveloping a heavy industrial site.
Details on the redevelopment have yet to be revealed, but some are comparing the effort to the transformation of Atlantic Station – which includes high-end residential, office, and retail space to complete the “Live, Work, Play” atmosphere so many are seeking; the Atlantic Station site was once a steel mill. Some speculate that the site will feature some kind of transit-oriented development with direct MARTA access.
GM has been asking $60 million for the site, but nothing has been released as to how much it will actually be sold for.Share