Having a guest in town last night, we opted for 1/2 bottles at Watershed over the commission meeting, but the AJC reports this morning that the DeVry annexation passed unanimously.  The commission also approved the change in zoning to “mixed-use.”

Money wise…

As is, the campus is valued at $13.5 million, generating about $222,000 in taxes for the city and school district.

With 550 residential units plus $10 million worth of commercial space, the land is projected to be worth $65 million and put more than $1 million into city and school district coffers.

This should be a very interesting project once it gets off the ground.  If it does indeed offer walkable retail to Sycamore Heights residents, one can assume that the desirability of that neighborhood will increase quickly.