Sembler Co. of Clearwater, FL, and Noro Broadview Holding Co. of the Netherlands plan a 2003 ground-breaking for a $120 million redevelopment of the 379,230-sf Lindbergh Plaza, which Noro Broadview owns.
The existing shopping center will be razed and 700,000 sf of new retail will be built along with 250 apartment units on the 27-acre site at Piedmont Road and Sydney Marcus Boulevard. Completion is tentatively scheduled for 2005.
Atlanta city officials haven't yet approved the redevelopment plan. The new Lindbergh Plaza will have almost twice the retail space at the existing center, enough to rival many malls.
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