The city of Atlanta has closed on its purchase of City Plaza, 241 Central Ave. between Trinity Avenue and Mitchell Street. The sale of the complex, located directly across from City Hall in downtown Atlanta, was on Dec. 29.
“Acquiring the City Plaza complex provides us with an important opportunity to enhance services for city residents and make the city of Atlanta an employer of choice,” said Mayor Kasim Reed. “I am excited about this opportunity and believe residents and employees will benefit from this acquisition for years to come.”
The complex contains approximately 30,000 square feet of retail space, divided into six bays. Current plans include converting the largest space into a wellness and fitness center, which will include a pharmacy open to city of Atlanta employees.
The Reed Administration is evaluating options to re-purpose the remaining space, taking into consideration potential needs of both city residents and employees.
The City Plaza complex also includes 164 apartment units, which are currently more than 90 percent occupied. Residential leases will not be affected and all tenants have been notified of the change in ownership.
About the Author
