The years-long legal feud over land transactions between the city’s housing authority and a group of developers has finally ended, freeing up four prime properties for redevelopment.
For eight years, local developer Integral Group and its partner companies had fought with Atlanta Housing (AH) over the valuation of and development rights to roughly 88 acres spread across four intown properties initially owned by Atlanta Housing. In the transactions with AH, the private developers built housing complexes — including two in and near Sweet Auburn, one in West End, and one in south Atlanta.
But Integral announced last week that it had consummated a settlement with AH that will allow the developers to move forward on revitalization plans dating back to 1999 that were stalled by the court fracas. The Integral partnership paid AH $26 million “to compensate the authority for its 50-50 ownership of the 88 acres,” according to SaportaReport, which first broke the news.
“The four private partnerships will forego development rights to 34 acres of land from their original development programs, with AH retaining title to those parcels, leaving the private partnerships with title to the remaining 54 acres,” Integral said in a press release.
…
Grant to help MARTA draw up transit-oriented development plan
A $750,000 federal grant will help catalyze affordable housing and other new development in southwest Atlanta communities historically starved for investment — including big changes by the Oakland City MARTA station on the south line.
The Federal Transit Administration (FTA) awarded the funding to MARTA so it can map out its grand vision for transit-oriented development along the planned Campbellton Road bus rapid transit line, which is slated for completion in 2028.
MARTA last year finalized its ambitious master plan for the redevelopment of the corridor’s environs, and the FTA grant will empower the regional transit authority…
Read the full article here
