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Mayor Says Deal Made to Redevelop Closed GM Plant

A deal for General Motors to sell the closed Doraville assembly plant has reportedly been reached. A developer says it will turn the site into "a livable, mixed-use, transit-oriented development."

A deal for General Motors to sell the closed Doraville assembly plant to an Atlanta developer should reportedly close this summer. File|Patch
A deal for General Motors to sell the closed Doraville assembly plant to an Atlanta developer should reportedly close this summer. File|Patch

A deal for General Motors to sell the closed Doraville assembly plant to an Atlanta developer should reportedly close this summer.

A development team led by Egbert Perry has put the site of the 167-acre former auto plant under contract, Doraville Mayor Donna Pittman confirmed Monday evening. In a short speech at city hall, Pittman said the plant — which shut down in 2008 – will become a historic redevelopment, reports the Atlanta Business Chronicle.

General Motors has been asking $60 million for the shuttered plant.

Pittman said that development firm Macauley+Schmit and partner The Integral Group will turn the assembly plant into "a livable, mixed-use, transit-oriented development," reports WXIA.

Macauley+Schmit said it will take "a holistic view of the social environment" and will make sure "to create a sense of balance and harmony" while working on the project.

The city lost 10 percent of its revenue base and 36 percent of its overall employment base from the closure, the station says.

Perry earlier this year was named chairman of Fannie Mae, and, he is chairman and chief executive officer of the Atlanta-based real estate company The Integral Group LLC.

In an interview with Atlanta Business Chronicle Monday, Perry said ongoing studies of the possible environmental issues should be completed in about 10 days. “We are not expecting any real surprises,” Perry said. “There was a need to just be prudent.”

Integral is supposed to finalize the acquisition Aug. 3, depending on the final outcome of the environmental investigation.

The level of environmental cleanup needed at the site, which operated for 60 years as an automobile plant, is one major hurdle, the Saporta Report said in a September 2012 article. “Until you get in there, you don’t know what you’re going to find,” then DeKalb County CEO Burrell Ellis said.

The website says General Motors has worked to reduce levels of the cancer-causing benzene -- a gasoline additive in the soil within a portion of the assembly plant. 

Longerthanu May 01, 2014 at 09:13 AM
This is Clark Howard-style "living cheaply" (and it's his vacation home, not his main house) --http://projects.ajchomefinder.com/gallery/view/homes/private-quarters/celebrity-splurge/clark-howard-home/7.html
Rhea A Johnson Jr May 01, 2014 at 10:18 AM
Taxpayers in Doraville and DeKalb County will HAVE TO live cheaply if this deals done!!
Brian Crowe May 01, 2014 at 10:32 AM
This could be an area where it would be smart to use public funds. Otherwise, we're stuck with a hulking, eyesore of a decaying industrial plant; it's not like this is an undeveloped meadow or woods. And the proposed development will likely bring better and more year-round jobs than a sports stadium, so the Cobb comparison isn't a great one.
Rhea A Johnson Jr May 01, 2014 at 04:11 PM
Brian… consider that six months ago this site was being considered for a horse racing venue…..Don't think that the Legislature thought much of that idea!
electric123 May 02, 2014 at 12:04 AM
Like I previously wrote before I got flagged and removed that area is low cost living from a lot of different ethnicity groups that live in a cheaper mind-set for their financial goals of lower cost living, so unless developer goes for that it is another debacle waiting to happen.

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