Toro Development Company (TDC) has successfully secured financing for Medley, a 43-acre mixed-use community in Johns Creek. This significant achievement sets the stage for Medley’s groundbreaking in December and its expected opening in late 2026.
The funding includes an equity investment from Ascentris and a $158 million construction loan from Banco Inbursa to support 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, dining, and entertainment options; a boutique hotel with 175 rooms; lifestyle office space spanning over 110,000 square feet; as well as multifamily residences totaling to approximately750 units. Additionally,a vibrant Plaza covering25,000 square feet will also be part of this dynamic community.
In March2024,TDC acquiredthe suburban office park for $44 millionand has since demolisheda3500-square-foot buildingto make wayfor construction.TDChas plans torehabilitateand integrate another existingofficebuilding into their master plan,to provide commuters with convenient workplace options within close proximity to home.
Already,Medleyhasattractedmore than adozenretail tenants who have signed onwith Toro,and more are expectedto joininthe near future.This latest update was originally reported by Connect CRE.
