MARTA is gearing up to take a big step in its plan to entice more riders by allowing developers to build apartment and shopping destinations on underused parking lots at its rail stations.
Along the lines of Lindbergh Center Station and One Atlantic Center, MARTA wants to launch five additional “transit-oriented development” projects in the next two years. Next on the drawing board is a development at King Memorial Station, which the MARTA Board will be briefed about on Thursday afternoon.
If all goes as planned, Walton Communities would be issued a 99-year lease to take over a four-acre parking lot near King Memorial Station and build about 380 apartments there, along with some ground-floor retail space. A second transit-oriented development is in the pipeline for Avondale Station. Several more projects are expected to be announced later this year.
KENT D JOHNSON/KDJOHNSON@AJC.COM