WePartner Management Proposes to Redevelop the Medlock Bridge Shopping Center
WePartner Management, LLC is a property management and development company with headquarters on Peachtree Industrial Boulevard in Peachtree Corners. The company acquired the Medlock Bridge Shopping Center on November 26, 2018. Hilda Abbott is the Chief Operating Officer for WePartner Management was quoted as saying,
"We are very excited about the addition of Medlock Bridge to our portfolio and look forward to building relationships with the current tenants and the Johns Creek community,” said Hilda Abbott, Chief Operating Officer, WePartner. “As a local owner and operator, we look forward to enhancing Medlock and continuing to grow a successful tenant base.”
The 18.79-acre shopping center was built in 1993 and has over 114,000 leasable square feet of retail space. There are currently five vacancies with up to 3,000 square feet available. Anchor tenants include Egg Harbor Café, Mellow Mushroom, Shoe Gallery and a new restaurant and music venue, Route 66. This is WePartner’s fourth retail acquisition within the past year, growing the portfolio to over 1.5 million square feet.
WePartner Management held a community information meeting on Thursday May 16, 2019 to present concept plans to redevelop the shopping center. The concepts represent preliminary thoughts on how the property would be transformed.
The concept includes maintaining the current retail footprint, and adding several new buildings that it was suggested would be leased for restaurants, cafes, and coffee shops. The retail buildings are represented as yellow in the draft drawings. The concept also proposes one new office building represented as blue in the drawings, and located at the south end of the property. The buildings represented in orange are proposed as residential housing. According to materials on display, this would be four story townhomes with a garage at ground level, and three level homes above. The total residential property would be 75,300 square feet distributed across 57 homes. On average, that would be approximately 1,320 square feet per home. The suggested selling price was communicated as approximately $500,000 per home.
The current Comprehensive Land Use Plan does not allow for mixed use development on this property. Mixed use properties typically combine aspects of residential, office, and commercial uses. It would appear that the concepts presented by WePartner, USA seeks to avoid that restriction by maintaining a single use for each distinct building on the property. The representatives on-hand at the community meeting have committed to working with local residents as they continue to refine plans for this property.