ATLANTA — The Mall West End, an aging retail property long envisioned to become a mixed-use district, has finally traded hands for redevelopment.
Atlanta officials announced the acquisition in a Tuesday news release. Atlanta Urban Development Corp. is working with BRP Cos. and The Prusik Group to replace the mall with affordable housing, shops, restaurants and offices.
"This is a long-awaited new era for the West End. This is not just a redevelopment of the Mall West End — this is fulfilling a commitment to a community,” said Atlanta Mayor Andre Dickens in a prepared statement.
The Mall West End is surrounded by a sea of surface parking near MARTA’s West End station. It’s less than 1 mile from Lee + White – the retail and entertainment district along the Beltline’s Westside Trail – and steps away from the Atlanta University Center.
The $450 million redevelopment will be supported by a $5 million acquisition loan from the AUDC, $5 million from Atlanta Beltline Inc. and $19 million in acquisition financing from Merchants Capital, according to the release.
