Planning experts say the area will be a walkable community with about 1,915 households per year.
Many of the residents will be millenials born between 1977 and 1996. They will prefer to work in big open spaces [think warehouse] vs. a typical office building that their parents have been accustomed to.
With that in mind, during Monday's public meeting experts provided the following data on Sandy Springs currently, and as the project unfolds.
- Characteristics of Sandy Springs in 2012
43,155 total households
14,000 househoulds move within or to Sandy Springs per year
71 percent are one to two person households
49 percent have no car or one car
74 percent are white-collar workers
52 percent are homeowners
10 percent vacant housing units in Sandy Springs
$68,200 median income
$376,000 median housing value
- Looking Ahead: Where will new residents come from?
33 percent are expected to move from within Sandy Springs
28 percent from the rest of Fulton County
18 percent from the Atlanta region
21 percent from the rest of the United States
- Potential Renters and Buyers
86 percent are singles and couples
9 percent are retirees and empty nesters
5 percent are families
- But will they rent or buy?
55 percent are expected to rent lofts or apartments
19 percent will likely want to buy lofts or apartments
26 percent will likely want to buy townhomes or rowhouses