Green Street Kicks Off $180M City Hall East Redevelopment
- Oct 11, 2011
Green Street Properties kicked off its planned $180 million redevelopment of the former Sears, Roebuck & Co. store and warehouse known as City Hall East on Oct. 1 with a fundraiser that brought in $80,000 for the Atlanta Beltline Partnership and Georgia Organics. The event–which served as a 10th anniversary party for Green Street–offered a sneak preview of the project to more than 2,000 attendees, who also enjoyed treats specially created by top Atlanta chefs.
Located at the crossroads of the historic Old Fourth Ward and the Atlanta Beltline, the City Hall East property is slated for redevelopment as a 2.1-million-square-foot live-work-play destination dubbed Ponce City Market. With 500,000 square feet of office space, several hundred apartments and condominiums, and an extensive retail component, the project is being positioned by its developers as a showcase of urban revitalization. Green Street closed on its $27 million acquisition of the property in July.
Green Street aims to lure tenants seeking loft office space, a rarity in Atlanta, according to the Atlanta Business Chronicle. For more details on the past and future of City Hall East, read Barbra Murray’s coverage of the topic.