Regions Southeast | Atlanta
Despite Foreclosure, Mixed-Use Developer to Continue With Project
May 8, 2008
Source: Atlanta Journal Constitution

The developer of a major mixed-use community near Atlanta will continue to build the project, despite the fact that a lender has foreclosed on its note. Republic Bank of Georgia has called its $5.7 stake on about 26,000 square feet of retail in the Woodstock Downtown development, but Hedgewood Commercial Properties says it will continue with the commercial project. Master developer Hedgewood Properties says it will continue working on the project's residential side, according to the Atlanta Journal Constitution.

A planned community including shops, condos and houses, Woodstock Downtown in February won an award from the Congress on New Urbanism.

 
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Hedgewood Commercial Properties will continue to develop Woodstock Downtown near Atlanta, though the lender has foreclosed on its note.
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