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Atlanta & Southeast  |  November 20, 2019
David Cohen
By: David Cohen

Plans Announced for $750M Atlanta Beltline MXU Project

New City LLC has announced plans for a $750 million mixed-use project on the Atlanta Beltline’s Eastside Trail. New City is the same developer behind 725 Ponce, a mixed-use project on the Beltline that recently secured a 132,000-square-foot lease with global asset manager BlackRock.

Located at 760 Ralph McGill Blvd., the 12-acre site is a former Georgia Power operations center. Plans for the project include 475,000 square feet of office space, a 350-unit multifamily building, and a below-grade parking deck as well as a hotel and retail space.

The project also secured a $22.5 million reduction in property taxes from Invest Atlanta’s finance committee Nov. 18, and will go before Invest Atlanta’s full board of directors Nov. 21.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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