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New Redevelopment Projects Underway in Atlanta

by Rincey Abraham

atlanta-beltline-eastside

Atlanta’s Beltline, an extension of the city’s Eastside trail, has been a boon for economic growth, employment opportunities and access to reach new retail and office space across Atlanta.

Here are five additional redevelopment projects that may have similar affects on Atlanta:

1. Bellwood Quarry – Bellwood Quarry will become Westwood Reservoir Park. Atlanta city officials see the quarry as an opportunity to provide a 400-feet deep, one-billion gallon reservoir, giving the city a 30-day emergency supply of water. The city will need another $270 million, in collaboration with Atlanta’s watershed management department, to bring Westwood Reservoir park into full fruition.

2. Fort McPherson – In a surprise announcement, filmmaker Tyler Perry purchased approximately 330 acres of the long-time military base Fort McPherson for a studio. Atlanta officials predict that the construction of Tyler Perry Movie Studios will bring at least 5,000 new jobs to the area.

3. Martin Luther King Jr. Drive  Filled with abandoned buildings and old apartments, MLK Jr. Drive will be under significant renovations. Atlanta Mayor Kasim Reed plans to use $250 million from the city’s infrastructure bond package to create roundabouts, pedestrian crosswalks, plant-filled medians, small parks and public art art exhibits. Most of the project will be completed by 2020.

4. Turner Field – With the Atlanta Braves leaving Turner Field, the city has the opportunity to transform the area. As of now, Georgia State University is the most likely candidate for the property. The university wants to convert the stadium into a 30,000-seat football, soccer, and track-and-field stadium.

5. Underground Atlanta and South Downtown – WRS, Inc. purchased the 12-acre property Underground Atlanta in 2014. WRS, Inc.’s plans for the property are to replace ground level buildings with a grocery store, hotel, conference center and apartment buildings.

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