Selig Enterprises and partner Carter have completed the purchase of nearly 3½ acres at the core of Sandy Springs’ City Springs downtown development, putting the first phase of the project on schedule to be completed by the winter of 2017.

The closing was announced Friday, June 17, almost exactly two years after Sandy Springs decided that Selig Enterprises, led by Steve Selig and his family, and fellow Midtown-based developer Carter would share the role of master developer for City Springs.

The companies plan to start construction this summer on 30,000 square feet of retail space and nearly 300 homes — 19 townhouses and 275 apartments — in an area bounded by Johnson Ferry Road, Roswell Road, Mount Vernon Highway and Sandy Springs Circle.

“We are excited and honored to be part of such an important addition to Sandy Springs,” Jo Ann Chitty, a Selig senior vice president, said in a press release about the closing. “City Springs will be a truly walkable destination that defines the future of Sandy Springs.”

Sandy Springs was just voted the best neighborhood in the AJT’s Best of Jewish Atlanta reader survey