Johns Creek, a prominent suburb of Atlanta, is set to become the newest home to a bustling downtown area. The city's long-awaited town center is one step closer to reality with the commencement of the "Medley" project, a $560 million mixed-use development.
Spearheaded by Toro Development, the company behind the successful Alpharetta Avalon development, Medley is poised to transform a 43-acre site into a vibrant hub featuring a mix of residential, commercial, and retail spaces. The project is expected to become a new focal point for the community, offering residents and visitors alike a pedestrian-friendly environment with restaurants, shops, plazas, and green spaces.
In March of this year, Toro Development acquired the former State Farm property, located at the intersection of Johns Creek Parkway and McGinnis Ferry Road, for $44 million. Since then, the company has been busy demolishing existing office buildings and preparing the site for construction. Groundbreaking is expected to take place in the coming months.
The Medley project will include a 175-room boutique hotel, 110,000 square feet of office space, 750 apartments, 133 townhomes, a 25,000 square foot plaza, and 150,000 square feet of retail, dining, and entertainment space.
To fund the ambitious project, Toro Development has secured a $158 million construction loan from Banco Inbursa, a Mexico City-based bank, as well as an undisclosed investment from Denver-based private equity real estate firm Ascensus.
The first phase of the Medley project is expected to be completed by the third quarter of 2026. With its diverse range of amenities and prime location, Medley is anticipated to become a major destination for residents of Johns Creek and surrounding areas.
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