Hello, Ponce City Market.

From The AJC


By Rachel Tobin

The Atlanta Journal-Constitution

Goodbye, Sears building. Adios, City Hall East. Hello, Ponce City Market.
The new owners of City Hall East, a historic structure in Atlanta near Midtown, are planning an organic garden, a "green" roof top and a foodie market akin to the Ferry Building in San Francisco or Pike Place Market in Seattle. They also plan to shed the names the building has been called, as far back as 1926, to rebrand it as Ponce City Market.

Plans call for hundreds of residential units, 2,000 internal parking spaces, loft-style, upscale offices, retailers -- possibly national chains -- and a foodie destination with “farm to table” vendors and local restaurants. The North Avenue side of the building could have an organic farm to supply the market.

Still, no new tenants were announced Monday as Mayor Kasim Reed and executives with Jamestown Properties celebrated the long-awaited sale at a news conference atop the brick building.

Nonetheless, if everything comes to pass, it will be a big change for the hulking building that for years sat mostly empty along one of Atlanta’s busiest arteries, Ponce de Leon Avenue. Jamestown is paying Atlanta $27 million to buy the building and plans to spend $180 million redeveloping it for an early 2014 reopening. The project will benefit from opportunity zone tax credits through the Atlanta Development Authority and other tax credits from the U.S. Department of the Interior.
Full story at AJC