T.D. Jakes Exact Property Ventures intends to develop a mixed-use, mixed-income enterprise on a 94.5-acre website in Fort McPherson, it said this week. The announcement acquired here after the Dallas-based mostly agency was given The biggest To buy The state of affairs final week by the Fort Mac Native Reenchancment Authority.
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The reenchancment agency furtherly opted final week to promote An further 37.5 acres of Fort McPherson property to Tyler Perry for an enlargement of Tyler Perry Studios. The actor and producer already owns Greater than 330 acres of Fort McPherson land.
T.D. Jakes said this week that its enterprise Shall be adjoining to Tyler Perry Studios, between it and Lee Road and on the south facet of Fort McPherson. Collectively with mixed-income housing and retail, its enterprise Would Embrace an leisure factor with retail, eating places, and a theatre district open to The general public, The agency said.
Of their acquisitions, TDJREV and Tyler Perry agreed to pay $29 million and $8.4 million, respectively, the Atlanta Enterprise Chronicle reported final week.
“Our enchancment imaginative and prescient will mirror important, inclusive conversations, outreach and enter from group members To Guarantee residents of Atlanta Might have The prospect For mannequin spanking new pretty priced housing and cultural space proper Inside their ancestral neighborhoods,” Jakes said in A press launch.
“We share Inside The metropolis of Atlanta’s notion that the reenchancment of this fertile neighborhood is essential to The Prolonged time period progress of Atlanta.”
TDJREV didn’t Reply to a request for Contact upon its enchancment plans.
The spiritual chief and real estate developer’s monitor doc consists of Capella Park, a 400-plus acre group in Dallas.
“My imaginative and prescient is to develop an oasis within our cities for working households, strolling them in the direction of financial by way ofbility by way of monetary literacy packages, stay-work spaces, mixed income housing and multigenerational decisions That are so crucial to the bettime periodent of our society,” Jakes said On this week’s announcement.