The Board of Directors for Develop Fulton unanimously approved a bond inducement worth $538 million for Project Nexus, an economic development initiative that aims to revitalize a distressed property and promote community growth. This project will be located in Atlanta and East Point, offering affordable housing options, essential services, and various amenities.
Through the combination of residential and retail components, this mixed-use project is expected to generate over $60.5 million in revenue within 10 years – which is 30 times more than its current contribution. With an estimated overall economic impact of $4 billion, Project Nexus will also create approximately 1,300 new permanent jobs as well as 2
