A company founded by megachurch pastor T.D. Jakes has agreed to purchase 94.5 acres on the decommissioned Fort McPherson army base in southwest Atlanta.
The pastor’s Dallas-based real estate company, T.D. Jakes Real Estate Ventures LLC, said in a press release that it plans to develop a sustainable, mixed-use community with affordable housing on the site.
The Local Redevelopment Authority Board of Fort McPherson voted unanimously to sell the land to the company for an undisclosed amount after almost two months of negotiations. The property is adjacent to Tyler Perry Studios, which occupies much of historic Fort McPherson.
“I see too many Black and Brown working-class people still falling victim to the continued gentrification of our neighborhoods,” said Jakes, who is the bishop of the Potter’s House nondenominational church in Dallas. “I’m extremely excited about the accessible ownership options that will exist for future residents of this multigenerational community. This project will bring solutions to the quality-of-life problems and elevate the lives of the Atlantans that will live, work and play there.”