Artist's impression of the Lotus Grove mixed-use project, showcasing its blend of retail and residential spaces.
Doraville is set to undergo a major transformation with the launch of the Lotus Grove mixed-use project, developed by Insignia LLC. This ambitious 13-acre project will include retail, residential, and hospitality spaces on the site of a former Kmart. With an estimated budget exceeding $300 million, the development aims to create a vibrant community hub along Buford Highway, bringing 780 multifamily units and various amenities. Infrastructure work has already begun, with construction expected to commence in 2025.
The city of Doraville, located in the northern suburbs of Atlanta, Ga., is on the brink of a major transformation with the launch of the **_Lotus Grove mixed-use project_**. Developed by Insignia LLC, a prominent Atlanta-based real estate investment firm, this ambitious project promises to bring a balanced mix of retail, residential, and hospitality spaces to the community. The groundwork for this revitalization is a signal of urbanization along the bustling Buford Highway.
The 13-acre property, which once housed a **_Kmart store_** until its closure in 2010, has been awaiting development for more than two years after being cleared. The new project not only aims to change the landscape but also to follow in the footsteps of nearby cities like **_Chamblee and Dunwoody_**, which have successfully created urban-style, mixed-use environments.
The **_Lotus Grove project_** has been assessed as a Development of Regional Impact (DRI) after plans were filed on December 30, 2024. The **_Atlanta Regional Commission_** will review these plans, officially beginning its scrutiny on January 6, 2025.
With an estimated budget exceeding **_$300 million_**, the first phase of Lotus Grove is set to include low-rise retail shops, restaurants, and a vibrant food hall. One of the project’s standout features will be a **_12-story residential building_**, destined to be the tallest structure in Doraville. This residential tower will provide a total of **_456 apartments_** along with a range of amenities such as a pool and fitness center.
Over the course of the entire development, the plans indicate that Lotus Grove will house **_780 multifamily units_**, a **_160-room hotel_**, and roughly **_67,000 square feet_** dedicated to retail and restaurant space. The expected timeline for delivering the retail and residential components is set for **_2027_**, with some phases anticipated to begin construction as early as summer **_2025_**.
The **_residential phase_** of the project will be managed by Resia, a developer based in Miami. Construction for the first residential tower, known as **_Resia Lotus Grove_**, has already commenced, with infrastructure work underway. Lotus Grove’s residential segment aims to introduce two 12-story towers contributing to an impressive **_1 million square feet_** of new construction.
In an effort to enhance community space, a **_public park_** designed for events will be integrated into the project.
In terms of financing, the **_Doraville Downtown Development Authority_** has made significant steps by issuing approximately **_$120 million_** in revenue bonds to support the project. Additionally, a tax abatement of around **_$40 million_** has been granted, shining a light on the local government’s commitment to breathing new life into the area.
Lotus Grove’s strategic location adds to its allure, sitting less than a mile from the **_Assembly Atlanta_** TV and film studio complex. The area is poised to become a thriving hub that could attract both residents and businesses, integrating retail into the community fabric.
As plans for a new downtown district and an infill residential project called **_Camino_** are also in development, the Lotus Grove project marks the beginning of an exciting era for Doraville. The construction is set to commence in **_2025_**, with a clear focus on reshaping this Northern suburb into a bustling urban center.
The Lotus Grove project is not only about new buildings and infrastructure but embodies a vision that seeks to enhance the lifestyle and vibrancy of Doraville, inviting residents and visitors alike to experience its unfolding story.
Peachtree Corners Unveils Innovative Green Urban Structure
Doraville’s Urban Revitalization: Lotus Grove Construction Begins
News Summary Recent comments from U.S. President-elect Donald Trump about Canada potentially becoming the 51st…
News Summary In a recent address, President Biden candidly discussed the challenges faced during his…
News Summary Supreme Court Justice Samuel Alito stirred controversy after confirming a phone call with…
News Summary A series of wildfires in Los Angeles have resulted in tragic losses, including…
News Summary The U.S. Department of Justice is intensifying its antitrust lawsuit against RealPage, implicating…
News Summary Atlanta is on high alert following two shocking shooting incidents that have left…