Council for Quality Growth North Fulton Advisory Meeting Chris Owens Alpharetta City Council Mayor Pro Tem

Agenda Economic Development by the numbers Transportation Improvements Avalon Phase II – The Boulevard Parkland Acquisition The Alpha Loop Alpharetta City Center

Economic development by the numbers

Offices Occupied: Capital Investment: Last 2 years: 595,700 s/f reported Total since 2012: 3,074,633 s/f reported Capital Investment: Last 2 years:  $142M reported Since 2012: $1.1 Billion 

TRANSPORTATION IMPROVEMENTS

Between the local bonds that Alpharetta voters passed in May and the Transportation Special Purpose Local Option Sales Tax (TSPLOST) that was approved in November, the City of Alpharetta currently has funding for just over $80 million in transportation projects to be completed over the next few years.  Additionally, through our partnership with the North Fulton Community Improvement District (CID), the Atlanta Regional Commission (ARC), and others we are nearing completion on transportation projects totaling over $14.5 million.

PHASE II OF AVALON – THE BOULEVARD

Phase II of Avalon will contribute mightily to the community, completing our vision of creating an unparalleled walkable, experiential environment.   90,000 square feet of upscale retail shops and restaurants 276 luxury rental homes over retail 250,000 square foot Class A office building over retail 300,000 square foot freestanding Class A office building 325-key full-service hotel and conference center With Phase II, we are reaffirming our promise to Alpharetta and the surrounding communities to conceive and deliver one of the most innovative projects in the U.S.

PARK LAND ACQUISTION

Alpharetta residents approved the general obligation bonds in May. The City has used the funds dedicated for park land to acquire 18.5 acres of land for future parks at a total cost of $3,107,200.  That is an average cost of $168,047 per acre. There are additional funds remaining and the City is working to identify more acquisition opportunities

Wills Park

THE ALPHA LOOP

The Alpha Loop is a dynamic and transformative project for Alpharetta. These multi-use paths connecting Avalon to Downtown Alpharetta currently involve two interconnected routes including a three-mile inner loop and a five-mile outer loop These would link locations like Downtown Alpharetta Avalon, and the Northwinds area located at Haynes Bridge Road and S.R. 400. Portions of the three-mile inner loop will include landscaped and natural areas along stream sections as well as future wetland overlook areas. The trail will range in width from 12’ to 16’ and will be lighted. The trails will include bicycle service areas and pockets of seating areas where people can gather or rest. The Alpha Loop will better connect our neighborhoods, improve our travel and mobility, spur economic development, and elevate the overall quality of life in the Technology City of the South.

ALPHARETTA CITY CENTER

Alpharetta City Center is a new retail, restaurant, and entertainment district that is expected to become the heart of Alpharetta. The plans for Alpharetta City Center have been in the works since 2011. 
 Construction of the public phase, consisting of City Hall, Brook Street Park, Alpharetta Library, town green, and new roads and sidewalks, began in April of 2013. 
 Alpharetta City Center will house 105,000 square feet of restaurants and retail space, 3 acres of greenspace and gardens, 36,000 square feet of office space, and 168 luxury rental units. 
 It will cover five city blocks along Main Street, and will combine Downtown Alpharetta, City Hall, the library, public parking, and single-family homes. 
 Alpharetta City Center will be the foundation for 600-acres of walkable community, connected by the Alpha Loop. 
 The City broke ground on the final phase of the project on March 23 and anticipate completion within 18 months.