Power & Light District backers and developers, includingRegents Partners of Atlanta, still have rights to a 10-block areasurrounding the Power & Light Building, but Mayor Barnes hasindicated that she wants to start work now so that if the area isfree and clear next year, the urban village concept can takeshape.

Included in the newest set of plans for downtown is theconstruction of a full-service supermarket, which Downtowncurrently lacks, another class A office building, a conventionhotel, green space and the creation of more than 10,000 housingunits between the Missouri River and Country Club Plaza. Amongthose units, Mayor Barnes is calling for 3,000 units to be builtalong the central business district, where the heart of the Power& Light entertainment district was to have been.

The Midtown Marketplace shopping center, at Main and 31stStreets, is soon to be completed. Other retail businesses andrenewed housing efforts are expected to follow the center'sopening.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.