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GWINNETT COUNTY, GA –The Urban Redevelopment Agency of Gwinnett County has finalized the $16.5 million purchase of the 23-acre Macy’s department and furniture store properties at Gwinnett Place Mall, marking a key advancement in the redevelopment of the site. The purchase was finalized on Monday, Dec. 2.
Officials said the eventual redevelopment will transform the mall site into a bustling, mixed-use complex and is projected to bring both catalytic change and new opportunities to Gwinnett residents and businesses.
With this acquisition, the Urban Redevelopment Agency and Gwinnett County own a combined total of 76 acres on the Gwinnett Place Mall site.
“We are thrilled to officially secure the Macy’s properties at Gwinnett Place Mall as we continue to make rapid and deliberate forward progress in the site’s redevelopment,” said Gwinnett County Chairwoman Nicole Love Hendrickson. “This purchase is critical for us to attract top development partners in 2025, and together work toward creating a revitalized urban hub for Gwinnett County residents, entrepreneurs and businesses.”
Two public input studies, the Equitable Redevelopment Plan and the Gwinnett Place Mall Site Revitalization Strategy, identified community needs for the redevelopment of the mall site and surrounding area.
“This acquisition is yet another exciting milestone for the future of our community,” said Gwinnett County District 1 Commissioner Kirkland Carden. “Our residents and businesses alike will be positively impacted by this redevelopment for years to come as a result of the new revenues and economic opportunities this project will produce.”
Gwinnett County is partnering with CBRE, a real estate services firm with global expertise, to advance and refine plans for the redevelopment. The County plans to begin its selection process for a development partner with the nationwide release of a request for proposals in the first quarter of 2025. The Macy’s department and furniture stores will be leased back to Macy’s for continued operations through early 2025.