Sitta Dumbuya’s Post

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Multifamily Asset Management and Acquisitions Consultant | Affordable Housing Investor | $23M AUM

It's about time.⌚ Everybody in DeKalb knows North DeKalb mall has been on life support for years. That AMC has been the only thing keeping the mall alive.💉🛍️ According to a recent Urbanize Atlanta article, a June 26th press conference will kick off the demolition of North Dekalb mall to make way for a town center called Lulah Hills (personally, I'm not a fan of the name).✌🏿 Lulah Hills is slated to cover 73 acres, nearly 2000 housing units (1700 apartments and 100 townhomes), a 150-key hotel, and 320K sq ft of retail, restaurant, and office. The project is scheduled to open in 2028.🏙️🏗️ Dekalb's Board of Commissioners passed the creation of a TAD (tax allocation district) to help support the development. Advocates of the funding argued that the project will nearly 20x the current property value to $806M.💰 What are your thoughts?🤔💭 #apartmentinvesting #commercialrealestate #multifamily #multifamilyrealestate #multifamilyinvesting

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