One of his past firms, however, flamed out during the financial crisis when home sales plummeted resulting in a personal bankruptcy. Among the projects that faltered during the downturn was a mammoth luxury development in south Fulton County known as Le Jardin that included former Atlanta Braves slugger Brian Jordan as a top investor.
Since the recession, Macauley has reinvented business, pitching denser mixed-use projects in Doraville and Tucker.
Macauley did not immediately return a message seeking comment.
The selection of a new development team is a step forward for the former Army post, which was closed in 2011, and for years saw its future in limbo. But it’s no sure bet.
A prior master plan with a different development team, which called for a mix of residences and retail anchored by a technology and bio-science park, was scrapped when it failed to gain traction.
In June 2014, filmmaker Tyler Perry emerged as a suitor for most of the property, A year later, Perry closed on his purchase of 330 acres of the post for a sprawling new film and television studio. Officials with the redevelopment authority, also known as Fort Mac LRA, have said the Perry studio will deliver a jolt of jobs and investment not seen since the post's closure.
The deal between the city, Perry and the Army also left the Fort Mac LRA with about 145 acres for future redevelopment.
Atlanta Mayor Kasim Reed and filmmaker Tyler Perry during a meeting of the McPherson Implementing Local Redevelopment Authority.
The property offers tantalizing opportunities along MARTA, and the Beltline, and the property is a short drive or train ride to Hartsfield-Jackson International Airport. But redevelopment in the area also has been hampered by relatively low household incomes and a reputation for crime.
The agency conducted feasibility studies and engaged the community in a master planning exercise with the Atlanta Regional Commission known as a Livable Centers Initiative. Macauley is expected to design a master plan in keeping with the community study, which included plans for parks, arts and entertainment spaces and affordable and market-rate housing.
Officials also started food truck events and festivals to draw residents and business leaders from nearby neighborhoods onto the site.
The Veterans Administration also has medical facilities on the post.
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