Regents Partners LLC is proposing to build a 125-room hotel, 260-plus apartments and a pair of restaurants in a $90 million addition to the Concourse development in Sandy Springs.
The company also plans to include a multi-use path along portions of Peachtree-Dunwoody Road and Hammond Drive, Sheldon Taylor, Regent’s chief financial officer, told about 14 people who attended a community information meeting on March 22 at Concourse. That Concourse portion of the path would continue northward the multi-use path Georgia DOT is building as part of the I-285/Ga. 400 interchange.
“We’re really interested in PATH400,” Taylor said. “We just think it’s great.”
Regents plans to present its designs to Sandy Springs city officials in April or May, Taylor said. The company will ask for a rezoning. Company officials hope to begin construction on the project by the end of the year and complete it within 22 or 23 months, he said.
The company decided to add restaurants to Concourse, the development with the iconic “King” and “Queen” towers rising alongside I-285, after surveying tenants of the mixed-use development. The project is intended to “create a sense of place in Concourse, creating a place where people want to come,” he said.
“We’re excited,” he said. “We really look forward to bringing the restaurants.”
The restaurants, hotel and apartments are intended for an area of Concourse near the intersection of Hammond Drive and Peachtree-Dunwoody Road. “It’s going to change the look of the corner,” said Doug Falciglia, one of several members of the Sandy Springs Council of Neighborhoods who attended the meeting.
Trisha Thompson, another member of the council, said that the project, when combined with other mixed-use projects planned in the area, could help cut residents’ commuting districts. “I think there is a lot of potential to take traffic off the roads, if people work and live right here,” she said.