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AtlantalNtownPaper.com
36 April 2017 | DU
^ BUSINESS BRIEFS
Charlotte-based real estate company, Asana
Partners, has purchased the two retail
strip centers containing the historic Plaza
Theatre and Majestic Diner in Poncey-
Highland. According to a report in the
Atlanta Business Chronicle, the company
paid $ 18 million for the properties located
at the corner of Ponce de
Leon and North Highland
Avenues. There are no plans
to demolish or redevelop
the property, according to
the new property owners.
Plaza Theatre, a fixture since p»JHtE
1939, released a statement
on its Facebook page to
calm fears from patrons who
were concerned about the
cinema’s future: “The sale of the shopping
center in no way impacts the operation
of the theatre or its long term lease. We
look forward to a successful and positive
relationship with the new landlord as this
shopping center embarks on a new chapter.
Here’s to another 77 years of movie theatre
magic.”
Fuqua Development has filed permits with
the city to start the land development on
nearly 160,000 square feet of retail for its
Madison Yards project at 905 Memorial
Drive in Reynoldstown. Madison Yards will
have a mix of office, retail and 550 apartments
developed by Greystar. Fuqua is reportedly
in talks to bring a Publix supermarket and an
AMC Theatre to the project, which will sit on
the former Leggett & Platt factory site along
the Atlanta BeltLine.
Georgia Power plans to put a prime
10-acre site along the Atlanta BeltLine’s
Eastside Trail on the market in April,
according to a report from the AJC. The
utility’s operations center at 760 Ralph
McGill Boulevard, located next to Historic
Fourth Ward Park, is one of the largest
remaining single tracts along the Eastside
Trail. The Georgia Power property is just a
short walk from Ponce City Market and the
redeveloping Masquerade site.
Ground has been
broken for Castleberry
Park, a new mixed-use
development on the
Westside. The new $90
million development will
offer approximately 130
apartments, a rooftop
deck with panoramic
city views and amenities
including a clubroom, dog wash area
and a package-delivery center. It will also
feature ground level commercial space
for restaurants and other retail, as well
as a public park and a centrally located
parking garage. In addition, Castleberry
Park will include a 200-room Hard Rock
brand hotel. The property is slated to be
completed in 2019.
Endeavor, a nonprofit organization that
facilitates long-term economic growth by
selecting, mentoring entrepreneurs around
the world, is expanding to Atlanta. Endeavor
Atlanta’s launch is made possible by seed
funding from Cox Enterprises. The new
office will be run by Aaron Hurst, who
joins Endeavor Atlanta from the technology
company Ceridian, where he most recently
served as vice president of global solutions. For
more information, visit EndeavorATL.org.
New retail is open — or soon to open — at
Ponce City Market in the Old Fourth
Ward. Already open: Abbey Glass, which
specializes in tailored womenswear and
jewelry. Opening soon: South Moon Under
— which offers women’s clothing, swimwear,
accessories, jewelry and gifts for the home —
and MAC Pro, the make-up company.
Spa810 is now open at Adantic Station
offering massages, skin care, facials, anti-aging,
aesthetics and pain-free laser hair removal. For
more information, visit spa810.com. [d
AtlantalNtomnPaper.com