DEKALB COUNTY, Ga. — One of DeKalb County’s most recognizable vacant landmarks is a step closer to a major transformation.
DeKalb County officials announced they have issued a land disturbance permit for the former Presidential Hotel at 4001 Presidential Parkway near Spaghetti Junction, clearing the way for a proposed $53.3 million redevelopment project.
Atlanta-based Aramar Investments plans to convert the long-vacant 14-story tower into 282 market-rate apartments through a complete interior renovation.
Plans call for 76 studio apartments, 150 one-bedroom apartments, 52 two-bedroom apartments, and four penthouse residences
The project would transform the property into a fully residential community.
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“This permit represents meaningful progress toward transforming one of DeKalb County’s most visible vacant properties into a productive residential community,” said Lorraine Cochran-Johnson, CEO of DeKalb County.
The cylindrical tower, built in 1973 as the Presidential Hotel, became a familiar landmark overlooking the interchange of Interstate 85 and Interstate 285, commonly known as Spaghetti Junction.
The hotel closed in 1987 after operating for 14 years. It later reopened under different ownership before eventually becoming vacant. The building has sat empty for more than a decade.
County officials say the redevelopment would turn a longtime eyesore into a productive asset.
“What was once a significant eyesore at the gateway to DeKalb County along I-85 and I-285 north is ready for a new chapter,” said Robert Patrick, the county’s District 1 commissioner.
The redevelopment would encompass about seven acres and roughly 150,000 square feet of building space.
Developers have already gutted the building’s reinforced concrete structure in preparation for renovations.
The project is expected to bring new housing to one of DeKalb County’s busiest corridors. According to project materials, more than 426,000 vehicles pass the site each day.
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