Click Here for All of our stories about the Sembler Company

Click to enlarge

The Business Chronicle reported today what we were the first to announce back in January (click here). As expected, the article reports that Sembler Company is planning a $400 Million dollar mixed use project that Jeff Fuqua says will reshape the entire Peachtree industrial corridor leading from Brookhaven to Chamblee.  As you can see by the aerial photo above, the massive 50.017 acre site is one of the largest properties besides Lenox Square Mall. 

The project will contain 1,200 residential units with a variety of townhouses, apartments and mid-rise condominiums.  The proposed plans also call for 600,000 sq. ft. of retail, 15 restaurants, and a five story 150,000 sq. ft. class A office tower according to Sembler.

 
The Business Chronicle reports that the project will be completed in 30 months (read the story here).  We are working with Dekalb County to verify the date when Sembler will apply for rezoning of the 50.017 acre site. We will also be publishing the initial site plans when we receive them from our sources over the next week.

The buyer, Sembler Bell Brookhaven LLC is a joint venture between Steven D. Bell & Co and Sembler.  The 523 unit Peachtree Garden apartments were sold by Peachtree Garden Apartments Inc. for 66 million according to county records (DeedBook 18666 Pg 774). $45,100,000 worth of financing was provided by Wells Fargo Bank on a 12 month note with a 6 month optional extension (DB 18666 Pg 785). 

Acording to the legal description, Sembler will have 238.01 feet of frontage on Peachtree as a front entrance to the property.  Many people might be wondering if the old Original House of Pancakes is involved in this transaction.  As of today’s date, the ownership has not changed hands in the last few years.  However, Sembler will have around 1500 feet of frontage on Hermance facing Oglethorpe University.

Peachtree Garden apartments were run by CEO Richard Garber and two other local owners and have been under the same ownership since 1994.  Peachtree Gardens Inc. purchased the complex for 3.510 Million on 2-4-94 (see attached Warranty Deed).

Click Here For Full Size Tax Map 

Sembler is currently developing the following projects in Georgia: 
·  Austel Point, (175,000 s.f. community shopping center), Austell, Georgia
·  Canton Marketplace, (800,000 s.f. regional shopping center), Canton, Georgia
·  Cumming Town Center, 350,000 s.f. community shopping center, Cumming, Georgia
·  Henry Marketplace, (500,000 s.f. open-air regional shopping center), McDonough, Georgia
·  Lindbergh Plaza, (500,000 s.f. Target and Home Depot-anchored mixed-use urban shopping center), South Buckhead, Atlanta, Georgia
·  Perimeter Place, (452,000 s.f. SuperTarget-anchored mixed-use shopping center plus 550 residential units) Perimeter, (Atlanta), Georgia
·  Powder Springs, (Phase II) (200,000 s.f. Home Depot anchored community center/ outparcels available), Powder Springs, Georgia
·  Prado, (345,000 s.f. vertical mixed-use project), Atlanta, Georgia
·  Target at Alpharetta, (400,000 s.f. power village)Alpharetta,Georgia
·  Midtown Place, (256,712 s.f. Power village), Atlanta, Georgia
·  Edgewood Retail District, (600,000 s.f. mixed-use power village)Atlanta,Georgia

Click Here for All of our stories about the Sembler Company

Click to enlarge

The Business Chronicle reported today what we were the first to announce back in January (click here). As expected, the article reports that Sembler Company is planning a $400 Million dollar mixed use project that Jeff Fuqua says will reshape the entire Peachtree industrial corridor leading from Brookhaven to Chamblee.  As you can see by the aerial photo above, the massive 50.017 acre site is one of the largest properties besides Lenox Square Mall. 

The project will contain 1,200 residential units with a variety of townhouses, apartments and mid-rise condominiums.  The proposed plans also call for 600,000 sq. ft. of retail, 15 restaurants, and a five story 150,000 sq. ft. class A office tower according to Sembler.

 
The Business Chronicle reports that the project will be completed in 30 months (read the story here).  We are working with Dekalb County to verify the date when Sembler will apply for rezoning of the 50.017 acre site. We will also be publishing the initial site plans when we receive them from our sources over the next week.

The buyer, Sembler Bell Brookhaven LLC is a joint venture between Steven D. Bell & Co and Sembler.  The 523 unit Peachtree Garden apartments were sold by Peachtree Garden Apartments Inc. for 66 million according to county records (DeedBook 18666 Pg 774). $45,100,000 worth of financing was provided by Wells Fargo Bank on a 12 month note with a 6 month optional extension (DB 18666 Pg 785). 

Acording to the legal description, Sembler will have 238.01 feet of frontage on Peachtree as a front entrance to the property.  Many people might be wondering if the old Original House of Pancakes is involved in this transaction.  As of today’s date, the ownership has not changed hands in the last few years.  However, Sembler will have around 1500 feet of frontage on Hermance facing Oglethorpe University.

Peachtree Garden apartments were run by CEO Richard Garber and two other local owners and have been under the same ownership since 1994.  Peachtree Gardens Inc. purchased the complex for 3.510 Million on 2-4-94 (see attached Warranty Deed).

Click Here For Full Size Tax Map 

Sembler is currently developing the following projects in Georgia: 
·  Austel Point, (175,000 s.f. community shopping center), Austell, Georgia
·  Canton Marketplace, (800,000 s.f. regional shopping center), Canton, Georgia
·  Cumming Town Center, 350,000 s.f. community shopping center, Cumming, Georgia
·  Henry Marketplace, (500,000 s.f. open-air regional shopping center), McDonough, Georgia
·  Lindbergh Plaza, (500,000 s.f. Target and Home Depot-anchored mixed-use urban shopping center), South Buckhead, Atlanta, Georgia
·  Perimeter Place, (452,000 s.f. SuperTarget-anchored mixed-use shopping center plus 550 residential units) Perimeter, (Atlanta), Georgia
·  Powder Springs, (Phase II) (200,000 s.f. Home Depot anchored community center/ outparcels available), Powder Springs, Georgia
·  Prado, (345,000 s.f. vertical mixed-use project), Atlanta, Georgia
·  Target at Alpharetta, (400,000 s.f. power village)Alpharetta,Georgia
·  Midtown Place, (256,712 s.f. Power village), Atlanta, Georgia
·  Edgewood Retail District, (600,000 s.f. mixed-use power village)Atlanta,Georgia