By John Schaffner
Atlanta-based Greenstone Properties and Met Life plan to redevelop the aging 26-acre Lakeside office park on Glenridge at the northwest corner of the intersection of Ga. 400 at I-285 with a mixed-use development.
The proposed development would include two 14-story office towers, a 200-room hotel, 300 condominium units and 50,000 square feet of retail space.
Greenstone Properties and Met Life recently bought the Lakeside office park for more than $60 million. The site presently contains five two-story buildings and large surface parking lots.
According to reports from the developers, the two-story buildings will be torn down and replaced with the two 14-story buildings, the “business class” hotel and a four- or five-story condominium building. Parking decks would be built to serve the needs of the entire development.
Papers for the project were filed with the state July 9 and the project will have to be reviewed by the Atlanta Regional Commission and Georgia Regional Transportation Authority. The property will have to be rezoned to allow for mixed-use, but the plan reportedly fits with the Sandy Springs land-use plan.
Greenstone recently developed Newell Rubbermaid’s new headquarters in the Perimeter Center area of Sandy Springs.