Atlanta officials in talks to revive Mall West End and Marietta St.

Board Director Alan Ferguson said no contracts were in place with the developers, while Majors declined to release details to the Atlanta Journal-Constitution because he said he does not could not discuss “active real estate transactions.” However, he added that the group was making “significant progress” towards finalizing the agreements.

“We are working with development teams on 41 Marietta and Mall West End and we are excited about these two agreements in terms of the opportunities they provide to introduce affordability to the city of Atlanta,” he said. -he declares.

He said he could not divulge details about the development teams.

Negotiated affordable housing proposals are agreements reached with the Atlanta Urban Development Corporation — an entity the city and Atlanta Housing formed in 2023 to spur the redevelopment of public lands for housing — either through from promoters, or from referrals, officials said.

“41 Marietta is an existing building, the West End Mall is a transformative redevelopment in a very strategically important part of the city,” Majors said. “We’re really excited to see how this gets reimagined.”

Last year, plans to transform the 12-acre West End Mall site into a mixed-use community, including up to 900 apartments, with a quarter set aside for affordable housing, were stalled. The site would have included a grocery store, restaurants and retail. This hit a snag when it was reported that the developers had submitted a notice of termination of a contract with the mall property.

Prusik Group and its development partner BRP Companies have launched a plan to transform the decades-old shopping center in southwest Atlanta. This is the third unfortunate time for the developers, after efforts to relaunch the site failed in 2019 and 2021.

Similarly, the 41 Marietta Street office development was thrown into doubt in April after the developer’s lender filed a foreclosure notice on a $20 million loan to affiliate 41 Marietta Street Main GA LLC to Wolfe Investments, according to Bisnow. .

Along with his co-developers, Wolfe had planned to convert the office building into apartments — a real estate strategy that gained momentum after pandemic-era remote and hybrid work arrangements left office spaces vacant.