Lawrenceville, September 17, 2024 – The Gwinnett County Board of Commissioners approved the purchase of the Macy’s sites at Gwinnett Place Mall for $16.5 million. The board also approved the issuance of bonds to fund the purchase through its Urban Redevelopment Agency.
Gwinnett County will acquire 293,059 square feet of retail buildings on 23 acres of the Gwinnett Place Mall site, including the Macy’s department store and Macy’s furniture store, which will be leased back to Macy’s for store operations to continue through early 2025, according to official statement.
The Gwinnett Place Mall Site Revitalization Strategy was a combined effort between Gwinnett County, the Gwinnett Place CID and the Atlanta Regional Commission. An in-depth market analysis and surveys of 6,000 community members led to a transformational concept called the Global Villages, which envisions housing, an international community cultural center, office space and retail oriented around a central park.
“The acquisition of the Macy's site marks a pivotal step forward in the redevelopment of Gwinnett Place Mall, setting the stage for Gwinnett County to establish a national – and possibly international – model for equitable and impactful transformation,” said Gwinnett County Chairwoman Nicole Love Hendrickson.
“This redevelopment will be a catalyst for change, creating transformative opportunities that enhance property values, align with neighboring investments, and drive growth for a new generation of entrepreneurs, residents, and local businesses,” added Chairwoman Hendrickson.
The $16.5 million purchase is expected to close in November. Gwinnett County initially purchased a 39-acre portion of the Gwinnett Place Mall site in 2021, and with this acquisition, will own a total of 76 acres.
The County anticipates opening its search for a development partner by the first quarter of 2025, with more details about the project’s timeline to come as the selected developer’s plans take shape.
