West End Mall revitalization pitched as national model for ‘Opportunity Zone’ development
“The West End Mall Redevelopment Project is an example of everything a federal Opportunity Zone should be,” Von said in prepared statements that were part of a news release offering an update on the project. “Developers, city leaders, investors and communities across the country are trying to figure out how to make opportunity zones impactful,” Von said. “A growing number are looking at ways to get a financial return, and they want to make a difference. The redevelopment of the West End Mall is poised to be a national example of how to do just that.”
SOURCE: Atlanta Business Chronicle
Vision unveiled for West End Mall’s rebirth as mixed-use ‘opportunity zone’
Dr. Eloisa Klementich, Invest Atlanta president and CEO, said the project will further her agency’s efforts to “foster equitable investment in the Southside” that’s geared to provide “access to jobs and affordable housing.”
SOURCE: Curbed Atlanta
Opportunity Zones Bring Investors Off the Sidelines for New Look at West End Mall Redevelopment
ECP has spent the past year working with city council, engaging community leaders and the public, and developing a preliminary site master plan and design. “We have taken a unique approach to gaining support in an opportunity zone,” says Gravel. “Rarely in the opportunity zone sector do you have a supportive community, an engaged local government and the attention of national investors. But our vision for West End has successfully secured support and interest from all three. We did this by prioritizing community engagement, bringing leaders to the table early on, and pitching strategic investors first to become anchors in the deal.”
SOURCE: Yahoo Finance
Elevator City Partners Unveils Plans for $400 Million West End Mall Redevelopment in Atlanta
The unveiling of the plans follow months of public and private strategic meetings with community leaders and stakeholders, including nearby historic black colleges Spelman, Morehouse, Clark Atlanta University and Morehouse School of Medicine. The redevelopment of West End Mall will feature retail, restaurants, offices and housing delivered in two phases.
SOURCE: Shopping Center Business
Atlanta’s West End Welcoming Opportunity Zone Investors to the Neighborhood
Von is now in the process of acquiring the West End Mall and working with the community to plan a $400 million, multi-year, multi-phase overhaul into a walkable mixed-use development with retail, cultural, offices, residential spaces and a hotel. His business partner on the project is Ryan Gravel, the original visionary behind the Atlanta BeltLine. While each brings key connections and expertise to the project, neither has ever led a real estate development deal before. They’re jumping off together into the deep end of the economic development pool, and they’re expecting to get a boost from Opportunity Zones — the new investor tax break intended to encourage new investment in economically distressed areas. “The only thing I wish Opportunity Zones had was some sort of inclusion mindset like airport and state contracts have,” Von says. “Without that being mandated, we’re reverse-engineering that.”
SOURCE: Next City
The People Holding The Purse Strings In Real Estate Have Made Social Impact A Top Priority
“If I was looking to take on a new tenancy in a building, I would want to know what does the landlord offer the employees, what are the community links they have in place, what kind of a landlord am I investing in?” Google DeepMind Central Support Manager Emma Galal told the audience at Bisnow’s Office leasing and Development event in September… “If you were to ask any business what their biggest challenge is at the moment, they would say diversity and inclusion, and making the most inclusive office you can,” she said.
SOURCE: BisNow