November 20, 2019
New City LLC has announced plans for a $750 million mixed-use project on the Atlanta Beltline’s Eastside Trail. New City is the same developer behind 725 Ponce, a mixed-use project on the Beltline that recently secured a 132,000-square-foot lease with global asset manager BlackRock.
Located at 760 Ralph McGill Blvd., the 12-acre site is a former Georgia Power operations center. Plans for the project include 475,000 square feet of office space, a 350-unit multifamily building, and a below-grade parking deck as well as a hotel and retail space.
The project also secured a $22.5 million reduction in property taxes from Invest Atlanta’s finance committee Nov. 18, and will go before Invest Atlanta’s full board of directors Nov. 21.
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