The city of Dunwoody is purchasing a 16.18-acre site to be used as either a park or for civic use at some point in the future.
The city agreed to pay $5 million for the parcel. The sale will close at the end of April, officials said.
The city purchased the land as part of the “on-going master planning effort for the Georgetown / North Shallowford area,” according to a city-issued news release. The previous owners planned to build 280 multi-family residential units on the site.
The city currently has about 3.2 acres of park land for every 1,000 residents, but officials want more than 6.2 acres per 1,000 residents.
“The addition of 16 acres of park land is a watershed moment for Dunwoody and a generational game changer for the Georgetown/North Shallowford community,” Dunwoody Mayor Ken Wright said in a news release. “The City Council and I are thrilled to jump start the revitalization of the Georgetown/North Shallowford area of Dunwoody and are relieved that this purchase will head off the inevitable development of the land for more apartments as well as help us move forward in our effort to eliminate our monumental deficit of green space.”
The city council is expected to vote Monday on the purchase.
The city has also proposed a controversial greenway that would follow power lines that pass through the city, cutting through a number of neighborhoods.