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Toro Development Company (TDC) has successfully secured financing for Medley, a 43-acre mixed-use community in Johns Creek. The $560 million project is expected to break ground in December and open in late 2026.
The financing deal includes an equity investment from Ascentris and a construction loan of $158 million from Banco Inbursa for the first phase of development.
Situated at the intersection of McGinnis Ferry Road and Johns Creek Parkway, Medley will feature 150,000 square feet of retail, restaurant, and entertainment space. It will also include a boutique hotel with 175 rooms, lifestyle offices spanning over 110,000 square feet ,750 multifamily residences ,133 townhomes,and an activated Plaza covering25 ,000square feet .
In March 2024,TDC acquired the suburban office park for $44 million. Since then,the company has demolished a3500-square-foot office building to prepare the site for construction.TDC plans to renovateand incorporate another existing office building into their master plan,to create an ideal workplace that offers easy commuting options.
Medley has already attracted over dozen retail tenants who have signed up with Toro Development Company.Their presence further adds value to this exciting mixed-use venture coming soontoJohnsCreek.
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