atlanta real estate news tagged interest

The City of Atlanta and a team of developers are ready to move forward with the redevelopment of Mall West End. The 12-acre site will be redeveloped into a mixed-use project led by BRP Companies and The Prusik Group. The acquisition is the first step in the $450 million redevelopment of the property into a mixed-income, mixed-use affordable housing development.

Funding includes a $5 million acquisition loan from Atlanta Urban Development, $5 million from Atlanta Beltline, Inc., and $19 million in acquisition financing provided by Merchants Capital.

Construction on the Mall West End redevelopment is expected to begin in 2025, with phase one completion slated for 2026.

The current plan includes:

125,000 square feet of retail, including a grocery store, fitness center, food andamp; beverage, and local boutiques. 900 mixed-income rental units, with 70% workforce housing, 20% affordable at 50% AMI, and 10% at 80% AMI. A minimum of 10,000 square feet of affordable commercial space is allocated for qualified small, local businesses. Student-targeted housing. A planned 150-key hotel. A planned 12,000 square feet of medical office space.