The Atlanta Regional Commission has given its blessing to the mega revamp of the former City Hall East building in east Atlanta.

The commission posted a ruling Friday that the Jamestown Properties project, now known as Ponce City Market, is in the “the best interest of the region and therefore the state,” according to a posting on a state website.

Jamestown is planning a mix of retail, residences and office space at the former city hall outpost on Ponce de Leon Avenue that originally was a hulking Sears warehouse.

Jamestown bought the building from the city in 2011 for $27 million, and plans to invest more than $200 million in the venture as it is developed over several years.