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ATLANTA-Montreal-based Ivaco Inc., and Atlantic Station, a part of the Jacoby Group, agreed to extend the maturity date of the secured notes received on the December 1999 sale of a 136-acre property in Atlanta’s Midtown, according to an Ivaco press release. The agreement makes the payment date Nov. 29, 2001.

The extension is the second such lengthening of the notes’ term. When the property sold in December 1999, the companies agreed the notes would be payable no later than Dec. 14, 2001.

A subsequent extension made to notes payable no later than August 30, 2001. According to Ivaco’s website, the property sold to Atlantic Station for $74.9 million.

Jacoby Atlantic Redevelopment and AIG Global Real Estate Investmetn Corp., the buyers, intended at the time, Ivaco said, to develop the property into a retail, office, entertainment, residential and hotel mega complex.

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