Articles about Redevelopment

Civic Center to Be Redeveloped Into Mixed-Use Development With Affordable Housing

Mayor Kasim Reed announced the City of Atlanta has sold the Civic Center to the Atlanta Housing Authority (AHA) for $31 million. Mayor Reed was joined by AHA President and CEO Catherine Buell and Invest Atlanta General Counsel and Senior Vice President Rosalind Rubens Newell for the announcement. AHA will partner with Weingarten Realty Investors… Read more

Westside Community Builders Program Officially Launched

The first members of the Community Builders program gathered at a welcoming reception at the Invest Atlanta offices on October 26 to mark the official launch of the initiative. Invest Atlanta created the Community Builders program in response to growing interest from residents on the Westside to learn how to redevelop vacant, abandoned, and blighted… Read more

Invest Atlanta Joins 8th Annual APAB Citizen Engagement and Community Day

Invest Atlanta took an active role in the Atlanta Planning Advisory’s Citizen Engagement and Community Day, held at Zoo Atlanta on October 14. Dawn Luke, Senior Vice President of Community Development, shared information about community development and housing finance with the attendees. The annual event, now in its eighth year, aims to equip Atlanta residents with… Read more

Historic Atlanta Constitution Building Is Sold

The Invest Atlanta Board of Directors has approved the sale of the Atlanta Constitution building, which will be redeveloped into a mixed-used development with 34 affordable housing units. This historic structure has been vacant since the 1970’s. “This is a project that’s near and dear to all our hearts,” said Dawn Luke, Invest Atlanta’s Senior Vice President… Read more

Long-Vacant Adair Elementary to Be Redeveloped Info Affordable Housing Units

On Thursday, September 14, the Urban Residential Finance Authority Housing Committee approved $1.5 million from funding raised through the Housing Opportunity Bond to finance the adaptive reuse and redevelopment of the historic Adair Elementary School. The school has been vacant since the 1970's. The new development, called Academy Lofts, will include 35 residential units, of… Read more

FlatironCity Named ULI Atlanta’s 2017 Project of the Year

FlatironCity was awarded the 2017 Project of the Year by The Urban Land Institute (ULI) Atlanta at the organization's annual Awards of Excellence.  Invest Atlanta supported the renovation of the Flatiron building, Atlanta's oldest skyscraper, into a next-generation office space. Originally built in 1897, the Flatiron Building is an iconic Downtown Atlanta structure listed in… Read more

Sheltering Arms Early Education Center Officially Opens in Peoplestown

Sheltering Arms, Georgia’s largest nonprofit early education and child care organization, opened its newest center during a ribbon cutting ceremony on August 24. Members of the Atlanta Emerging Markets, Inc. (AEMI) team were on hand to celebrate the occasion. Located on the campus of Barack and Michelle Obama Academy (formerly D.H. Stanton Elementary School), the… Read more

Much-Needed Upgrades Coming to Midtown’s Colony Square

North American Properties is set to transform Colony Square, which sits in the heart of Midtown Atlanta at Peachtree and 14th Streets, into a vibrant mixed-use development. And under Mayor Reed’s leadership, the Invest Atlanta Board of Directors passed an inducement resolution to provide up to $160 million in bond financing for the project. “What… Read more

Invest Atlanta Supports Projects Key to City’s Past, Present, and Future

At their July meeting, the Invest Atlanta Board of Directors authorized seven Eastside TAD grants totaling $27.4 million. Once finalized, this funding will support projects that honor Atlanta's past through the rehabilitation of key historic assets, while also strengthening the city’s economy for the future. In total, the seven projects these grants support will create 3,456 new full-time jobs, attract $486.7 million… Read more

Invest Atlanta Approves Creation and Retention of 493 Units of Affordable and Workforce Housing

At Invest Atlanta’s July monthly board meeting this morning, Mayor Kasim Reed and members of the Invest Atlanta board approved five projects that in total would create or retain 493 units of affordable and workforce housing. The new developments will increase the availability of affordable housing within Atlanta’s in-town communities and are located near MARTA… Read more