If his deal goes through, Perry will own about 368 acres there. The entertainment district will be open to the public and not connected to the adjoining Tyler Perry Studios, his namesake film production facility. It will include a “theatre district, retail, restaurants and plenty of employment opportunities,” according to a news release.
Jakes, who had been in talks since at least March about purchasing property, said in a news release he wants to develop “real estate and programs in response to the growing, nationwide need for affordable, attainable, and workforce housing.” He did not provide details.
Jakes is founder and pastor of The Potter’s House Church in Dallas, Texas. He has also produced movies in partnership with the Lifetime network.
Atlanta developer Stephen Macauley previously had an agreement to redevelop portions of the property, but he dropped out of the project in November 2019. The authority had tried to find a new developer since that time.