Alpharetta’s City Council approved a $700 million retail and residential development around midnight Monday.
Avalon is a luxury mixed-use community slated to open in Alpharetta, Ga., in October 2013. It will be built on the northwest corner of Georgia Highway 400 and Old Milton Parkway. Its approval comes with 52 conditions, which will take the city a several days to finalize to release to the public.
Avalon includes a movie theater and more than 1.3 million square feet of office and retail space. Residential areas will also be built above the shops and some residents are worried about the rental units.
The developers said companies have already agreed to lease more than 100,0000 square feet. They said one of their main tenants will be Whole Foods.