$149M Bond Okayed for South Fulton Housing Project
Develop Fulton’s Board of Directors approved a $149 million bond for Hutch Development to develop a major mixed-use project along the Campbellton Road corridor in South Fulton. Hutch paid about $3.8 million for the 58-acre site in October 2024.
The project includes approximately 288 apartment units and up to 120,000 square feet of commercial/retail space. Once complete, Sandtown Village is projected to create 366 full-time jobs, 191 part-time jobs, and 1,800 construction jobs, contributing to a stronger local workforce and a growing commercial base.
Over the incentive period, the project is expected to produce more than $16.5 million in annual tax revenue. South Fulton’s Downtown Development Authority also okayed a $9.7 million allocation for Sandtown Village in late 2024.
Hutch recently built a 299-unit multifamily project in Charlotte.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout