Amy Wenk, Staff Writer at the Atlanta Business Chronicle, previewed Legacy Ventures’ latest hotel development project:
“A veteran Atlanta developer is about to kick off a roughly $40 million hotel in Sandy Springs.
Legacy Ventures, well known for its collection of downtown Atlanta hotels and restaurants, will soon start construction on a 186-room Hyatt House, an extended-stay brand.
It’s coming to a 1.5-acre site at 5775 Peachtree Dunwoody Road, near the cluster of hospitals that make up “Pill Hill.” It’s also close to MARTA’s Medical Center station.
‘There is no hotel within the medical district,’ David Marvin, Legacy founder and president, told Atlanta Business Chronicle on Thursday. ‘People needing accommodations in the medical district didn’t have any place to stay within walking distance.’
The Hyatt House will join the 20-acre Peachtree Dunwoody Pavilion office park, which The Simpson Organization is redeveloping into a more dense, mixed-use project.
Legacy bought the hotel site from Simpson Organization for $3 million, according to Fulton County property records. The deal closed Aug. 15. Marvin said he’s secured construction financing for the hotel.
Atlanta’s Cooper Carry is the architect.
Legacy also owns the Embassy Suites Atlanta at Centennial Olympic Park, Hilton Garden Inn Atlanta Downtown, Glenn Hotel and The American Hotel Atlanta Downtown, among others. The developer is also well known for boosting downtown with restaurants including Stats, Max’s Coal Oven Pizzeria, Der Biergarten and Twin Smokers.
Legacy plans to open another downtown restaurant called Dos Bocas next week. It replaces the former Legal Sea Foods. “