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Update: Construction to Convert Sandy Springs Apartments to Mixed-Use

JLB Partners told Patch, Monday, July 16, that there is no definitive date for the start of construction on the properties.

 

While Chastain and Versailles Apartments are under contract for conversion to luxury residential communities, JLB Partners is still figuring out what kind of mixed-use development the property will be, said Matt Hallman, vice president of acquisitions at JLB.

The Roswell Road properties, which are managed by First Communities, is under contract to be sold to JLB Partners. 

An earlier version of this story referenced information from JLB on groundbreaking for mid-2013. On Monday, Hallman told Patch that there is no definitive date for the start of construction. “[The date] is very tentative because of the economy and moving parts,” said Hallman, earlier in July.

News of the deal to raze the apartment complexes was .

JLB Partners is also developing the Village at Buckhead, a multi-family development on Pharr Road.

Older apartments have been challenging for Sandy Springs officials as the city moves forward in creating a new downtown area. While Mayor Eva Galambos and some residents have been in favor of them being demolished, many apartment owners have experienced an increase in occupancy and have been resistant to selling.

First Communities’ plan and process to move residents out of Chastain and Versailles apartments is unclear. Phone calls to the management company have not yet been returned.

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Luis Campos September 03, 2012 at 11:45 PM
Hope the Chastain Apartments is in the list to be demolished, I move in to this complex about a year ago.I would not recommend this place to any body under any circumstances,absolutely regret that I signed a lease for more than a year.this place needs to be knocked down.
Sharon Mapesq October 15, 2012 at 03:45 AM
I live here and as bad as the apartments are in need of repair it is convient and Marta accessiable so I can get to work. I love High Point Elementary where my daughter attends. It is a great location for working people who need afforadable housing in a good area. The fate of many families are at stake. I can't afford to lose my job and don't want to up root my daughter from the school she and I love so much. All I can say is they better step and and let people know what is going on, and be willing to help the residents who have been here and made this their home.

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