Doraville GM Plant Does Not Get Clean Up Funds

By
Real Estate Broker with MyMidtownMojo.com Thomas Ramon Realty 272617

Doraville GM Plant Does Not Get Clean Up Funds

Doraville GA GM PlantAs you know, I've written several posts about this incredible piece of land, located just 8 miles from Downtown Atlanta, AND has the Doraville MARTA train station almost adjacent to it.

Unfortunately, due to the current economic climate, there are no Buyers for this 160+ acre site! So, it just sits there for now, the parking lot filling with weeds. Sad.

It was reported sometime back that the Doraville GM Plant Would Not Get Clean Up Funds. A $773 million trust fund had been set up when GM went bankrupt and left plants behind. They kept Tarrytown, NY ( I use to work by this plant at the Tarrytown Hilton - now a Doubletree) and the Doraville (Atlanta) GA site because of the great potential they represent for redevelopment. 

Here is a link to the story as it appeared in the Atlanta Journal-Constitution.

I hope I'm around to see this piece of real estate turned into an exciting Town Center for Doraville. It really could be an awesome place, if it is done right. We shall see.

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Lee & Pamela St. Peter
Making Connections to Success in Real Estate
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522

Thom, You guys need someone like the new owners of our N. Hills mall.  They came in, revamped and turned it into a destination place that we now refer to as MidTown! 

It will be interesting to watch...  keep us posted!

January 04, 2011 06:55 PM
Rainmaker
592,836
Thom Abbott
Midtown Atlanta Condos For Sale
MyMidtownMojo.com Thomas Ramon Realty

Pamela: This is going to require some serious money to tear out a auto manufacturing plant, do some brownfield work, and then build back.

Maybe in my lifetime.....

MyMidtownMojo.com

January 05, 2011 10:50 AM
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Rainmaker
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Thom Abbott

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