realestate

East Point Developer Proposes $500M Project Anonymously

Southwest Atlanta Development Could Bring Over $500 Million Investment, Location and Developer Remain Confidential.

A
proposed mixed-use development in Southwest Atlanta, dubbed "Project Nexus," could attract over $500 million in investment. However, the developer's identity and exact location remain undisclosed. According to a meeting agenda, the project would transform an underutilized property into 1,100 units of mixed-income housing and nearly 170,000 square feet of retail space, including restaurants, grocery stores, health care services, child care, and financial services.

    The Development Authority of Fulton County is considering granting the developer $23 million in tax incentives. The project site is situated near Hartsfield-Jackson Atlanta International Airport and close to South Fulton County's expanding logistics and data center industry. Kwanza Hall, chairman of Develop Fulton, believes the development would bring much-needed investment to a historically overlooked area.

    If approved, the developer's identity and location will be revealed. The project joins other recent developments in Southwest Atlanta, including the acquisition of the historic Friedman's Shoes building on Mitchell Street by Tech Village founders and the Atlanta Beltline's $270 million mixed-use development in the Bankhead neighborhood.

East Point developer proposes anonymous $500 million project in Georgia metropolitan area.