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← Updates developing Zoning

A vacant Stone Mountain shopping center could become 250 homes as 'Elevate Memorial'

Insignia LLC wants to rezone the mostly empty Village Square center on Memorial Drive from commercial corridor to town center for 210 apartments and 40 townhomes.

An AI editorial concept shows a torn-paper split between a vacant strip shopping center and cracked parking lot on the left and a tree-lined street with apartments, brick townhomes, storefronts, and sidewalks on the right.AI IMAGE — NOT AN ACTUAL PHOTO OR PROJECT RENDERING

Published Aug 3, 2026

Insignia LLC has applied to DeKalb County to rezone the nearly 13-acre Village Square shopping center at 5561-5567 Memorial Drive in Stone Mountain, proposing to demolish the aging, mostly vacant center and replace it with 210 apartments and 40 townhomes under the name Elevate Memorial.

The application, filed in June, also asks the county to redesignate the land from commercial redevelopment corridor to town center. It goes to community councils in August, then to the planning commission and county commissioners in September.

Location5561-5567 Memorial Drive, Stone Mountain
Scale210 apartments + 40 townhomes on ~13 acres
TimelineFiled June 2026; community councils Aug.; commission Sept.
WhoInsignia LLC
LinksInsignia LLC
Sources and documents2 sources
↗ insigniacra.com↗ decaturish.com

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