**Atlanta Developer Advances $600 Million Mixed-Use Project Near Greenbriar Mall**
Invest Atlanta has approved a $5 million acquisition loan to support Mural Real Estate Partners’ purchase of approximately 26 acres near Greenbriar Mall. The developer intends to construct a large-scale mixed-use project on the site, featuring 1,069 residential units and nearly 250,000 square feet of retail space.
As part of its commitment to affordability, Mural Real Estate Partners will designate 15% of the residential units for households earning at or below 80% of the area median income.
The project, known as “Mural Greenbriar,” will unfold in two phases. Phase one, with an estimated cost of $316 million, is expected to continue through 2028. Phase two, anticipated to last two years, is projected to cost $278 million. The total investment in the development amounts to $594 million.
Located at 2925 and 2975 Headland Drive SW—an area that includes the current site of Greenbriar Furniture—the 26-acre property is being acquired for approximately $22.7 million.
Adding to the financial package, the Development Authority of Fulton County has approved a tax incentive package valued at around $23 million to be distributed over a 10-year period.
