Lalani, according to the press release, “plans to maximize the potential of the historic entertainment destination and connect the storied district with the investment and growth happening in downtown Atlanta.”
Lalani was not available for additional comment on Wednesday, according to a spokeswoman. Scott Smith, CEO of WRS, did not return a call seeking comment.
Craig Waters, general manager of Underground Atlanta, confirmed on Wednesday that WRS sold the property but declined to make additional comments.
A spokesman for Mayor Keisha Lance Bottoms could not be reached immediately Wednesday for comment.