Reed Eyes ‘Reactivating’ Civic Center Redevelopment
The Civic Center property may soon be back in play. According to this week’s Atlanta Business Chronicle, Atlanta Mayor Kasim Reed is exploring “reactivating” the 18-acre Civic Center site and possibly putting it back on the market.
“We will have an announcement about the future of the Civic Center by the end of this month,” Reed told Atlanta Business Chronicle on July 19.
A proposal by Houston developer Weingarten Realty to redevelop the site as a $298 million mixed-used project collapsed last October. Reed said he is exploring several options including a public-private joint venture with the Atlanta Housing Authority to build a significant affordable workforce housing development on the site.
The city is facing a loss of about 15,000 affordable housing units, partly due to Section 8 properties going off the market. Reed said he is spending his final months in office trying to make sure Atlanta is a city where everyone can live, including those who can’t afford the market rate for housing.
Maria Saporta covers nonprofits and philanthropy for the Atlanta Business Chronicle
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