Gwinnett County Sells Former Olympic Tennis Center for $5.6M to Fuel Local Commerce and Community

Gwinnett County has greenlit the sale of the former Olympic Tennis Center in Stone Mountain, moving to quickly make the long-dormant property a bustling hub of commerce and community life. The Gwinnett County Board of Commissioners has decided to offload the 26-acre site to Fuqua Acquisitions II, LLC for a solid $5.6 million. This developer is no newbie, with a reputable track record including the Peachtree Corners Town Center and the retail jigsaw puzzle piecing together Truist Park.

And what a sight we're in for; the empty canvas where once gold medals were chased by the likes of Andre Agassi will now serve to potentially boost that local economy to frankly, soar. With a Costco warehouse headlining the development, which according to AJC, also includes a quartet of eateries and a side of multi-family housing courtesy of developer Greystar, Gwinnett is looking to sprinkle a fresh flavor of suburban lifestyle onto this buzzworthy recipe.

"I am pleased that we have chosen a proven and well-respected partner to bring a quality development that will create economic opportunities while securing much-needed affordable housing in this area of our county. I believe our patience and investment will pay off and will spur other redevelopment activity in the area," Gwinnett County Commission Chairwoman Nichole Love Hendrickson enunciated, snapping up the hopeful vibe, in a statement obtained by FOX 5 Atlanta.

Let’s not gloss over the affordable housing bit – it’s key in this swanky development plan teeing up for action without any tax breaks for the developer, says a Gwinnett County spokesperson. A fifth of the 248 apartments have been earmarked for those pocketing a max of 80% of the area median income, ensuring that the development isn’t just a playground for the well-to-do. The often overlooked, but equally essential aspect of green space, has not been forgotten – playgrounds and similar amenities are also on the menu to potentially round up the local residents' satisfaction.