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ATLANTA-Purchased in 2000 as a telecom hotel for the then rising dot.com industry, the 940,000-sf former Sears Roebuck and Co. distribution building is now planned as an estimated $72-million mixed-use development that would include 40,400 sf of retail, 594 apartment units in a separate building, another 150 apartment units above retail and 10 detached residences.

New York-based MetroNexus.com has filed preliminary plans for the 25-acre project with the city. The retail component would be added to the warehouse area where Sprint’s data center occupies 206,478 sf, according the plans. The development site on Atlanta’s west side is near Puritan Mill and the King Plow Arts Center, west of the Georgia Tech campus near the intersection of Jefferson Street and Joseph E. Lowery Boulevard.

MetroNexus.com initially developed a section of the building into a data storage and disaster recovery facility. But after the dot.com industry collapsed, the facility was never fully leased, area industrial brokers familiar with the property tell GlobeSt.com.

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