Bob Faith Of Greystar Purchases 7 Acres In Chamblee, Georgia For $11.5M

A 7-acre land site located at 5520 Peachtree Road in Chamblee, Georgia has been sold for $11,500,000. The asset is intended for the development of a 340-unit apartment community as part of Chamblee City Center, alongside over 29,000 square feet of retail and restaurant areas and a 1-acre park.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $11,500,000
• Address: 5520 Peachtree Road
• Market: Chamblee, GA
• Acreage: 7
• Buyer: Bob Faith
• Developer: Greystar
• Project Partner: Vantage Realty Partners
• Construction Start: November 2026
• Completion Expected: December 2028

This transaction involved Bob Faith representing Greystar, which plans to initiate construction on the project in November 2026. The mixed-use development will also include additional community amenities such as a park, enhancing the urban landscape of the area.