Tuesday, April 11, 2017

Keystone Development Site Unveiled in Atlanta’s Old Fourth Ward

Scott Cullen

ATLANTA, GA  – Georgia Power, a subsidiary of Southern Company, has hired commercial real estate firm JLL to market its property located at 760 Ralph McGill Boulevard in Atlanta, with the intent of gauging interest for redevelopment.

Branded by JLL as Eastline at Fourth, the property represents a keystone development opportunity in the red hot Old Fourth Ward neigborhood. JLL’s Scott Cullen, Mark Lindenbaum, and Leigh Martin will oversee the marketing, developer selection and sales process for the property.

Project details can be found at www.eastlineatfourth.com. A formal bidding process is outlined in JLL’s materials, which indicates bids should to be submitted by Wednesday May 24th.

“The city has made significant infrastructure investments in this submarket, allowing the area to evolve into one of the most dynamic in the City. This, along with recent demographic, employment and population trends, creates a tremendous development opportunity,” said JLL’s Scott Cullen.

Mark Lindenbaum
“The fundamentals of the property suggest a dense, mixed-use project given its Atlanta Belt Line adjacency, Historic Fourth Ward Park frontage, multiple surface street connections, and a potential future light rail station,” said JLL’s Mark Lindenbaum.

“We expect interest from local, regional, and national developers. The site is positioned well to capture the continued growth and demand for intown Atlanta projects,” said JLL’s Leigh Martin.

Located adjacent to The Atlanta BeltLine’s Eastside Trail and Historic Fourth Ward Park, the 10.2 acre parcel can potentially be redeveloped with a mix of residences, offices, hotel rooms, and retail space.

 The Atlanta BeltLine has earned national recognition for urban redevelopment and mobility.

 For a complete copy of the company’s news release, please contact:

Adrienne Heintz
Skyline, A Wilbert PR Company
(o) 404-260-6438

(c) 404-384-2210

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