The development located at Old Milton Parkway and Ga. 400 has been in the offing since before the Great Recession. The initial vision was for a $750m project called Prospected Park, but this was stopped as the developer at the time, Stan Thomas, was unable to fund the project during the bad economic times.
The property was purchased by North American, for $22.8m, during the summer of 2011 when its name was changed to Avalon. The first phase of the Avalon project is set to include 400000ft² of retail and restaurant space, 108000ft² of loft office space, 101 single-family homes and 250 luxury rental homes.