Kathy Zickert, an attorney for Sterling Organization which owns the mall, confirmed in an interview to Decaturish that Costco is coming to the mall and could open in 2020 at the earliest. But that’s not all. The redevelopment would be mixed use and include 450 multifamily units – apartments and possibly town homes – and a 152 key hotel. There would be restaurant and retail space. She said at least two existing tenants – the AMC movie theater and the Burlington Coat Factory – will continue their leases at the space during the redevelopment.
“It’ll be Costco, retail, restaurants, office, multi-family, town homes,” she said. “We’ll have everything.”
Costco and Trader Joe’s have long been the vocal Decatur shoppers’ holy grail.
The kick-off Visioning meeting for the Methodist Children’s Home property will take place on Sunday, February 11th.
But that’s just the beginning. There are a lot of ideas to work through for this unique 77 acre property – as the video above showcases – so the city has extensive plans to collect and work through all of those options.
The City of Decatur Public Facilities Authority was awarded an $11,452,000 Clean Water State Revolving Fund (CWSRF) loan by the Georgia Environmental Finance Authority (GEFA) executive committee.
The loan will finance the acquisition of 22.08 acres of land as part of the United Methodist Children’s Home land purchase of 77 total acres. This project will permanently protect the land for the purpose of conservation and public recreation.
The city will pay 1.70 percent interest on the 30-year loan. The loan will finance an eligible conservation project, which qualifies for a reduced interest rate.