Insignia’s ambitious Lotus Grove development, as reported by Urbanize Atlanta, promises to transform the landscape with two 12-story residential towers and approximately 1 million square feet of new construction. This project will also feature a public park designed for dynamic events, creating a vibrant community hub. The financial backbone of this development includes a $120 million revenue bond issued by Doraville’s Downtown Development Authority three years ago, alongside a significant tax abatement estimated at $40 million, which Insignia is responsible for repaying.
Located less than a mile from the burgeoning Assembly Atlanta, a TV and film studio complex that revitalized a former General Motors site, Lotus Grove is a key piece in Doraville’s ongoing urban renaissance. This project complements the city’s broader vision, which includes the creation of a new downtown district aimed at bolstering Doraville’s unique identity. Additionally, the Camino infill residential development is underway, transforming a previously vacant lot into a thriving residential community.
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