PAC Acquires Galleria 75, Rezones Site for Potential 600-Unit Mixed-Use Development

Home / PAC Acquires Galleria 75, Rezones Site for Potential 600-Unit Mixed-Use Development

Atlanta-based Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC”) late last week acquired and has rezoned Galleria 75 in Atlanta where the firm can elect to develop a mixed-use project able to accommodate up to 600 units. Currently home to 110,000-square-foot office building, the seven-acre site at 3200 Cobb Galleria Pky. SE is located minutes from the I-75/I-285 interchange as well as Cumberland Mall and Cobb Galleria Centre in northwest…

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