T
oro Development Company has secured a significant $560 million financing package to kickstart its mixed-use development in Johns Creek, with construction set to begin next month. The Medley project received an equity investment from Ascentris and a $158 million construction loan from Banco Inbursa, as well as a $13.4 million tax break from Fulton County. Despite challenging market conditions, Mark Toro, founder of the developer, believes that experiential mixed-use real estate remains attractive to investors.

    The 43-acre redevelopment at 16650 Johns Creek Parkway will transform a struggling office complex into a vibrant community hub. Plans include a 175-key hotel, 110,000-square-feet of office space, 750 apartment units, 133 townhome units, and 150,000-square-feet of retail, along with a 25,000-square-foot plaza. Toro aims to create a walkable, urban oasis in suburban Johns Creek.

    Toro's development company has a proven track record, having previously redeveloped the State Farm campus into Avalon in Alpharetta and revitalized Colony Square and Atlantic Station in Atlanta. While Medley won't be a carbon copy of Avalon, it will share some similarities with its predecessor. The project is expected to be completed by fall 2026.