Atlanta BeltLine

LOCUS invites developers and investors to make transit-oriented development deals in Atlanta

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Pre-register now and join LOCUS on February 10, 2015 in downtown Atlanta, GA for a private luncheon at our LOCUS LinkUp: The Next Big Deals around Transit-Oriented Development in Atlanta. Municipalities across the country are eager to draw investment and bring jobs to their communities through mixed-use transit-oriented development. To help facilitate these efforts, LOCUS launched the LinkUp program to connect local elected officials with LOCUS real estate developers and investors to create more models of walkable, sustainable developments on the ground.

LOCUS

Partnership in the News: Atlanta BeltLine receives TIGER V funding

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Atlanta BeltLine
The Atlanta BeltLine’s Eastside Trail, one of the more complete sections of the project. Photo by Atlanta BeltLine via Flickr.

Atlanta, GA’s BeltLine project will complete a major section of its multi-use trail network three years ahead of schedule thanks to a Transportation Investments Generating Economic Recovery (TIGER) grant from the U.S. Department of Transportation.

The $18 million grant awarded earlier this month will help develop a 2.5-mile stretch of the BeltLine’s southwest corridor. This portion of the BeltLine is a former freight line that has not been operational in over 30 years. Funding from this fifth-round TIGER grant will cover the cost of right-of-way, design, demolition and construction for a mix of shared use trails, trailheads, access points, and the preservation of the future streetcar transit corridor.

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Breathing new life into a symbol of Atlanta’s past

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A rendering of the Atlanta BeltLine project. Photo courtesy of Atlanta BeltLine, Inc. / Perkins + Will /  Field Operations. Used with permission.

Despite its reputation as a sprawling capital of the New South, Atlanta, GA is a city with a rich history and industrial legacy. Now, as part of the massive Atlanta BeltLine project, historic buildings that encapsulate the city’s past are being repurposed to meet the growing demand for walkable urbanism in the region. One such example of this type of revitalization is the Ponce City Market, which will restore the expansive Sears, Roebuck & Co. building in Atlanta.

The project is being developed by Jamestown Properties and Green Street Properties, and will bring new life to 1.1 million square feet of the old building which has been largely unused for over 20 years. According to the Atlanta Journal-Constitution, the Sears, Roebuck & Co. building was built in 1926 to provide space for the company’s regional offices and a retail store. The building was expanded several times and even hosted farmer’s markets, but it closed in 1987. The city of Atlanta later purchased the building, but after renovations were delayed, sold it to a developer in 2006.

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