Articles about Redevelopment

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

On the Rise Financial Center Opens on Westside

The On the Rise Financial Center officially opened Thursday, April 20, with Mayor Kasim Reed, Dr. Eloisa Klementich, and Councilmember Ivory Young, Jr. on hand to celebrate with Westside residents. Joining them were representatives from supporting organizations, including Equifax, the Arthur M. Blank Family Foundation, the National Federation of Community Development Credit Unions (NFCDCU) and… Read more

Mayor Kasim Reed Announces Closing of Sale of Underground Atlanta

Mayor Kasim Reed announced on March 31, 2017 the closing of the sale of Underground Atlanta to WRS, Inc. for $34.6 million. WRS, Inc., a real estate investment company based in Charleston, South Carolina, will redevelop the 12-acre site into a live-work-shop community with retail, hospitality, entertainment and residential space. The sale will result in… Read more

City of Refuge Receives Funding to Expand Job Training on the Westside

The City of Refuge, a non-profit organization that provides access to opportunities in housing, vocational training, healthcare and youth development to impoverished and homeless people on Atlanta’s Westside, will receive an infusion of more than $7 million from the Coca-Cola Foundation, Chick-Fil-A and the City of Atlanta to expand job training programs and foster economic… Read more

Invest Atlanta Now Accepting Applications for New Eastside TAD Projects

After achieving success with previous Eastside Tax Allocation District (TAD) development and façade improvement grant projects, Invest Atlanta is now accepting new applications for qualified development and improvement projects in the Eastside TAD. Through the Eastside TAD, the City of Atlanta is providing tax increment financing to fund infill projects in Downtown and surrounding neighborhoods… Read more