Contact Us
News

Underground Atlanta's Sale Closer To Reality

Underground Atlanta's transformation into a mixed-use project with more than 345K SF of retail and more than a thousand apartment units is closer to reality.

Underground Atlanta's Sale Closer To Reality

Invest Atlanta approved the master plan by WRS for its $34.6M vision for Underground's redux. Now the plan goes before the Atlanta City Council for approval, with WRS purchasing the site from the city by the end of the month, according to a report by WABE Atlanta.

According to documents filed with Invest Atlanta, the economic development arm for the city, WRS would make a quarter of the apartments affordable, as well as preserve the historic façades of some of the above-ground buildings. Other aspects include a grocery store and plans for a hotel.

According to a timetable provided in documents, the sale should close by the end of March with construction beginning in October of next year. Total project stabilization is projected for June 2022.

WASHINGTON DC 07.12.2017

THE FUTURE OF SOUTHEAST DC

The Block is Hot!

Deborah Ratner Salzberg
Forest City Washington
Janet Davis
Brandywine Realty Trust
Richard Ruben
Ruben Companies