The last week has been a year in the making for North American Properties officials.
Well, a year and one month if we’re getting technical here.
North American bought The Forum Peachtree Corners in March 2022 and got to work putting together a redevelopment plan that will revitalize the once thriving shopping destination. On Thursday, they were joined by Peachtree Corners leaders to break ground on the construction of their redevelopment plans.
“How time has flown,” North American Properties Managing Partner Tim Perry said. “We spent the last year gearing up and getting ready for this momentous occasion. It will be revolution in merchandising and re-imagining. All of the “Re” words we use in PR …
“We cannot be more excited to start today.”
The redevelopment of The Forum is, in a way, like a major downtown redevelopment to Peachtree Corners officials. It is a major shopping destination which is located across Peachtree Parkway from the Peachtree Corners Town Center, with the two areas connected by a pedestrian bridge.
“The Forum is the economic heart of Peachtree Corners, from a retail, restaurant and shopping perspective, and it’s a fantastic complement to the Town Center across the way,” City Councilman Eric Christ said
The Forum is more than 20 years old and had begun to go into decline in recent years, so North American Properties’ plans are as much of a revitalization effort as it is a redevelopment project. When everything is done, The Forum will become a mixed-use community with residential, retail and dining uses, as well as home to a hotel.
“Everybody knows what’s happened with brick and mortar retail,” Peachtree Corners Mayor Mike Mason said. “When the vacancy rates started climbing, we knew, like Gwinnett Place Mall, like Northpoint Mall, like the other malls, something had to be done.
“And, so we started looking for a…
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