News

The city of Sandy Springs is being sued for its rejection of a redevelopment of the Lakeside office complex near Ga. 400.

The developer, which paid $62 million for the 1960s-era property, said it wants “substantial damages” from the city. The redevelopment project would bring a mix of office, retail, multi-family residential and hotel space and would generate some $3 million in tax revenue for the city, Greenstone said.

In early November, work crews removed the 50-foot-tall “iXL” logo from 1600 Peachtree St., establishing once and for all that Atlanta’s highest-flying dot-com was no more.