Power Breakfast: Developer to buy GM Doraville site, tax incentives, Synovus, Falcons, Obama, Bernanke

There’s good news on the real estate front for a change.

An Orlando developer has a contract to buy the old General Motors plant in Doraville and plans to build a “clean and green” community of houses, shops, restaurants and offices on the site, AJC staffers Gertha Coffee and April Hunt report.

New Broad Street Cos. said it has been in discussions with GM for more than 18 months. The  Doraville plant closed in September 2008.

“It could be any mix of uses,” New Broad Street spokeswoman Barbara Koenig said Thursday. “Any mix of commercial, retail, residential.”

The deal is expected to close in early summer. The purchase price will not be disclosed, Koenig said.

“This is the best urban infill site in the country for a large transit-oriented development,” New Broad Street president David Pace said in a statement.  “It will be clean and green, incorporating environmental remediation of the former industrial site with best practices for sustainable development.”

Also in the AJC:

In other media:

5 comments Add your comment

TnGelding

January 29th, 2010
7:23 am

Clean and green? Sounds good. Let’s see if they can deliver.

Sic Sempter Tyranis

January 30th, 2010
2:50 pm

Now to remediate the land of all the pollutants left from decades of auto manufacturing. It will be great to see a thriving, taxpaying, mixed-use development there so close to 285, especially if they convert those acres of asphalt into green space.

Nick Rails

February 2nd, 2010
1:24 pm

Riiiiiiiight. Are you kidding me? Commercial Real Estate is dead
in this city and this company says it will have a “mixed use”
community thats “green”. Pleae tell me where something like this
has worked in ATL? Atlantic Station? Are you kidding?

The citizens of Doraville were total morons to reject the idea
of a new stadium. It was the best offer this community could
EVER hope for.

Now your gonna get stuck with this pipe dream of a development
that’ll never happen or if it does, these guys will do belly
up within a year of purchase (see Buckhead Village)

Nick Rails

June 8th, 2010
1:11 pm

Can’t believe this deal fell through…never thought
that would happen.

Like I said back in February the best deal Doraville
could EVER hope ever hope for would a site for a new
football facilitiy for the Falcons.

When will anybody ever learn?

flgal

June 18th, 2010
10:26 am

Their small organization resembles circus clowns. No money and no talent.