JLL’s Land Investment Advisory team, as sole and exclusive agent for the owner, has been engaged to market for sale 1.64-acres at 1034 Hammond Dr in Sandy Springs, GA (the “Subject Property” or “Property”). Located in the Central Perimeter business district, the Property presents the rare opportunity for speed to market in a high-growth corridor with in-place, mixed-use zoning.
1034 Hammond is zoned PX-10/12, a mixed-use designation allowing for building height of 10 stories as a base and 12 stories with bonuses. There is currently no FAR cap, allowing developers to push density, with the only limitation being the height restriction. The Seller has drawings in hand for a residential, multi-family development with 356-units, allowing a multi-family developer to step in and immediately activate the site.
The Central Perimeter and Sandy Springs submarkets have seen tremendous growth over the past 5 years. While Sandy Springs has historically been an affluent community, developments such as the Sandy Springs Town Center and the new High Street mixed-use development are transforming the area into an urban center with lifestyle amenities and walkable retail. Home to international headquarters and nationally-renowned medical facilities, this world class location is unparalleled. Walkable to MARTA stations, grocery, fine dining, and shopping, 1034 Hammond offers superb connectivity for future residents or employees.