North DeKalb Mall Finally Has New Owners in Real Estate Developers EDENS

The site of the North DeKalb Mall will likely be redeveloped into a mixed-use project, although no details have yet been released
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The long-ailing North Dekalb Mall has secured a new owner, according to a report by Decaturish. The website reported yesterday that North Carolina-based real estate developers EDENS has purchased the mall from real estate private equity firm Sterling Organization.

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A sale price has not been released, however according to DeKalb County property records, in 2021, most of the mall was last appraised for $9,800,000, while the Macy’s store itself was appraised for $5,000,000. There is no indication if all or some of the mall structure will be reused in a future development.

The mall will likely be redeveloped into a mixed-use project, according to statements by DeKalb County Commissioner Jeff Rader. Such a redevelopment would require rezoning the property from its current zoning of C-1 (local commercial) to an MU (mixed-use) zoning by the DeKalb County Board of Commissioners. The property is listed as a “Town Center” location on the DeKalb County future land use map.

The North DeKalb Mall is located in unincorporated DeKalb County just west of the North Druid Hills and US-78 intersection. The mall opened in 1965, and at its peak was home to 85 stores, a food court and multiplex movie theater. However, like many indoor malls across the country, North DeKalb Mall’s sales and tenants have declined steadily since the early 2000’s. A Costco store had been planned for the mall as recently as 2016, however the deal never was closed. The pandemic dealt a final blow to the mall when the main section of the mall closed in October of 2020. Only a few anchor stores have remained open, while the main space and parking lots have been periodically used for film shoots.

Daniel Alvarado

Daniel Alvarado

Daniel Alvarado is an AICP Certified Urban Planner, transportation advocate, researcher and writer originally from San Antonio, Texas. He received his Master's Degree in Community and Regional Planning from the University of Texas at Austin, where his research focused on the intersection of green infrastructure and transportation. Daniel has been published by Decipher City, Progrss.org, and has contributed to dozens of comprehensive and transportation plans across the country.
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