Gwinnett County has closed and finalized on the purchase of the 23-acre Macy’s property at Gwinnett Place Mall.
The cost? $16.5-million.
A press release from Gwinnett County said that this marks a “key advancement” in redeveloping the site.
The plan according to Gwinnett officials is to transform the mall into a “bustling, mixed-use complex.”
Gwinnett County now owns a combined 76-acres on the site of Gwinnett Place Mall.
“We are thrilled to officially secure the Macy’s properties at Gwinnett Place Mall as we continue to make rapid and deliberate forward progress in the site’s redevelopment,” Gwinnett County Chairwoman Nicole Love Hendrickson said.
Gwinnett will partner with CRBE, a real estate services firm to advance and refine the development plans.
The county will begin its selection process for a development partner in early-2025. Until then, Macy’s department and furniture stores will be leased back to Macy’s for continued operation.
“This acquisition is yet another exciting milestone for the future of our community,” Gwinnett County Commissioner for District One Kirkland Carden said. “Our residents and businesses alike will be positively impacted by this redevelopment for years to come as a result of the new revenues and economic opportunities this project will produce.”
