Articles about Redevelopment

Invest Atlanta Approves Sale of Historic Atlanta Constitution Building

The Invest Atlanta Board of Directors has approved the sale of the Atlanta Constitution building, which will be restored and 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… 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

Dr. Klementich to CREW Atlanta: Let’s Strenghten Our Commercial Corridors

Invest Atlanta President and CEO Dr. Eloisa Klementich recently wrote about the importance of investing in our city's emerging corridors for the CREW (Commercial Real Estate Women) Atlanta blog. Atlanta's real estate industry will be deeply involved with this issue in the coming years, especially as the City of Atlanta's population continues to grow. CREW Atlanta is… Read more

Publix On Moores Mill Now Open for Business

Mayor Kasim Reed, alongside members of the Atlanta City Council, Dr. Eloisa Klementich, and representatives of Publix, cut the ribbon to announce the grand opening of a Publix grocery store at Moores Mill. The new Publix, part of the first phase of the $95 million shopping center development, opened for business later that morning. "Today… Read more

ATL Officials Break Ground on Vine City’s Rodney Cook, Sr. Park

Mayor Kasim Reed gathered with other Atlanta officials and dignitaries on May 19 for the groundbreaking ceremony for Rodney Cook, Sr. Park in Historic Vine City. The $45 million, 16-acre park represents the largest investment in a public park in the Westside neighborhoods in more than fifty years, and will serve as a grand and appropriate symbol… Read more