You have reached your limit of free articles this month.

Enjoy unlimited access to myAJC.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and bonus content- exclusively for subscribers. Starting at just 99¢ for 8 weeks

X

Welcome to myAJC.com

This subscriber-only site gives you exclusive access to breaking news, in-depth coverage, exclusive interactives and bonus content.

You can read free articles of your choice a month that are only available on myAJC.com.

Georgia Power may sell primo Beltline property


Georgia Power plans to test the market for a prime property along the Atlanta Beltline near Ponce City Market in a move that could trigger a new wave of dense development on the eastern section of the popular trail.

The utility’s operations center at 760 RalphMcGillBoulevard next to the Historic Fourth Ward Park is one of the largest remaining tracts along theBeltline’s EastsideTrail. It’s long been coveted in Atlanta real estate circles because it touches the trail and the park, and has nearby access to Freedom Parkway and the Downtown Connector. 

The 10-acre site is just south of the bustlingPonce City Market,which developer Jamestown turned into a thriving technology, dining, shopping and residential hub.

“We plan to place the facility on the market this April to gauge interest, but we have not committed to selling the property,” Georgia Power spokeswoman Ashley West said in a statement in response to inquiries by The Atlanta Journal-Constitution.

Real estate observers say a sale could spur new development — and fetch a king’s ransom for Georgia Power and its parent company Southern Co.

Georgia Power has hired international real estate services groupJLLto sell the property. A price has not been announced.

About 100 Georgia Power employees work at a marshaling yard and operations center on the site. If Georgia Power sells, those jobs would be relocated to other operations stations, West said, until a replacement facility is identified.

“We constantly evaluate our properties and a sale of the 760 RalphMcGillfacility could address the changing dynamics of the area, including residential redevelopment,” West said in the statement. Georgia Power has had to contend with “increased traffic and reduced access to the facility for our crews due to remodeling of the surrounding businesses.”

In the past several years, a number of apartment projects have been built or have been proposed in the immediate area, including Anthem, InmanQuarter and a redevelopment of the former Masquerade nightclub into luxury apartments.

Meanwhile, developer New City is in the process developingan office tower atop a new Kroger store next to Ponce City Market.

Spokespersons for the Beltline and Invest Atlanta declined to comment.

A property sale would give the city a chance to press a future developer to include affordable housing in a part of the city that has seen rents skyrocket and complaints of displacement from gentrification. Part of the core philosophy of the 22-mile loop of trails and future transit has been to have a mix of housing for all income levels throughout the necklace of trails, but so far, development of affordable units has not kept pace with luxury residential.

Last year, The Atlanta Journal-Constitution the reported that 560 new units of affordable housing had been built within the Beltline Tax Allocation District. The organization’s goal is for 5,600 such units by 2030.

The agency has stepped up efforts with new bond financing to encourage affordable units.

Brian Leary, president of the commercial and mixed-use division of Charlotte-based developer Crescent Communities and a former Beltline CEO, called the Georgia Power site “the most attractive piece of property probably on the entire Atlanta Beltline.”

He said the site has “two waterfronts,” the park and the trail, both of which are packed on any sunny day.

Leary, who left the Beltline a few years ago after a flap over the agency’s expenses, was instrumental in the early implementation of the trail network.

Leary said the site is an opportunity to do something “aspirational,” both in terms of design and density, but also for being a mixed-income community to address the affordable housing crunch.

Leary said his firm could be a bidder on the site, but he also said he expects other major Atlanta and national development groups to inquire.

“Atlanta’s trajectory has never been stronger,” he said.

Related stories

Atlanta Beltline officials seek to make more trail housing affordable

Metro Atlanta’s hot projects and trends for 2017

Beltlineweighs ‘self-tax’ district to boost funds



Reader Comments ...


Next Up in Local

Charlotte teen missing a year found alive in Gwinnett County; man arrested
Charlotte teen missing a year found alive in Gwinnett County; man arrested

A 17-year-old girl who left her Charlotte home more than a year ago was found alive in Gwinnett County on Sunday, the FBI said. A special agent in Charlotte received information that Hailey Burns might be in the Atlanta area. Overnight, FBI Atlanta agents and detectives with the Gwinnett County Police Department found Burns at a home located at 2723...
Witness describes violent collision that killed Marietta man
Witness describes violent collision that killed Marietta man

A Marietta man is dead after a collision between a car and a pickup truck Sunday afternoon. The crash happened about 12:17 p.m. on South Cobb Drive at Appleton Road, Cobb County police spokeswoman Officer Alicia Chilton said.  Bruce Barker, 66, was killed when his Ford Ranger collided with a Ford Mustang driven by 21-year old Jabriel Wooden...
Drug-sniffing dog to patrol middle, high schools in Hall County
Drug-sniffing dog to patrol middle, high schools in Hall County

Students in Hall County middle and high schools will have canine company when they return to classes this fall.  The school district invested $15,000 on a police dog trained to detect drugs that will patrol the halls daily, Channel 2 Action News reported. Parent Gail Drake told the news station she believes illegal narcotics are a problem on campus...
87-year-old trapped at home after tree hits house
87-year-old trapped at home after tree hits house

Julia May Preston was home with her son when a massive tree fell on her house, trapping her on her property indefinitely, she says. Preston, 87, lives in northwest Atlanta, where several days of wet weather has softened ground and contributed to trees uprooting, Channel 2 Action News reported. Her son, Thomas Turner, described the sounds as the tree...
California woman finds frog in her salad
California woman finds frog in her salad

A California woman found an unpleasant addition to her salad earlier this month, as she uncovered a dead frog nestled inside the lettuce. >> Read more trending news  Shawna Cepeda was dining at BJ’s Restaurant and Brewhouse in West Covina and noticed her salad had a bitter taste, according to a Yelp review she posted on June 13...
More Stories