The redevelopment of Mall West End is set to move forward as the City of Atlanta and a team of developers, led by BRP Companies and The Prusik Group, are ready to begin work on the 12-acre site. This project is part of a larger $450 million plan to transform the property into a mixed-income, mixed-use affordable housing development.
To fund this ambitious project, Atlanta Urban Development has provided a $5 million acquisition loan while another $5 million comes from Atlanta Beltline Inc. Additionally, Merchants Capital has contributed $19 million in acquisition financing.
Construction for this redevelopment is expected to commence in 2025 with phase one scheduled for completion in 2026. The current plans include:
– A total retail space of 125,000 square feet which will feature amenities such as grocery stores, fitness centers and local boutiques.
– There will be approximately 900 rental units available with an emphasis on providing workforce housing (70%), affordable units at or below 50% AMI (20%) and those at or below80% AMI (10%).
– At least10%of commercial space will be reserved for small businesses that meet certain qualifications.
– Student-targeted housing options are also being planned along witha150-key hotel.
-A medical office space measuring about12 ,000 square feetis also includedinthe plans.
This exciting Mall West End Redevelopment Project marks an important step towards revitalizing this areaand creating more opportunitiesfor residents withinthe community.
