Housing developer Camden USA has pulled out of the major mixed-use redevelopment planned at 6075-6077 Roswell Road, according to property owner Kirk Demetrops of Sandy Springs’ MidCity Real Estate Partners. He said the project will still happen.
“Camden is not moving forward, but we do expect another high-quality developer to do so under the same timetable,” said Demetrops.
The 4-acre project would replace an existing office building and a post office with apartments, commercial space and a parking deck. It is one of three major mixed-use projects to follow the city’s “City Center”—now called City Springs—downtown redevelopment model.
The Camden project received City Council zoning approval earlier this year—but for 291 residential units rather than the requested 324.
Asked if that last-minute density change led Camden to pull out, Demetrops said the company did not cite any “specific issue” in making its decision. He indicated that Camden left only recently amid discussions.
Demetrops said he is now in discussion with “several high-quality” developers to replace Camden.
“I would think by early December we should have selected somebody to almost seamlessly move forward [with the project] as approved and zoned,” he said.
Camden could not be reached for immediate comment. Attorney Pete Hendricks, who represented Camden in its zoning application, said he has not spoken to the firm since that approval.
In a separate deal, a Bank of America branch on the site is relocating to an adjacent parcel, where the new building is under construction.