Loans for One City Walk development in Sandy Springs, Georgia
Acted as counsel to lender in a two-tiered loan for acquisition and development of a mixed-use “live-work-play” project. One City Walk is expected to become the focal point for a new city center for Sandy Springs, a community which was incorporated in 2005 and is now Georgia’s seventh-largest city. The project also involves the issuance of bonds through the Development Authority of Fulton County, due to the qualification of the project for a State of Georgia tax abatement program. The project is being developed by a group led by veteran South Florida development firm, Kaplan Communities.