Midtown Promenade is set for a massive overhaul, the Atlanta Business Chronicle (ABC) Wednesday first reported.
Recently minted marketing materials for the Beltline-adjacent shopping center, at 931 Monroe Drive NE, confirm the news.
Richard’s Variety Store and Tuesday Morning won’t be sticking around for the renovations, a Midtown Promenade leasing representative confirmed in an email to What Now Atlanta (WNA).
Those tenant spaces will become available mid-2020 and after Christmas this year, respectively, a project insider said.
Combined, the retailers occupy more than 30,000 square feet across suites 113 A and 113 B.
UPS is also departing the center making its 1,552-square-foot space sandwiched between Mellow Mushroom and Poke City available for lease.
Charlotte, N.C.-based Asana Partners earlier this year acquired Midtown Promenade, and as with its Plaza on Ponce development, is spearheading the renovation.
It looks like Asana could also be adding fresh tenant spaces connecting the Beltline to Midtown Promenade in addition to updating the center’s storefronts, greenspaces, and parking.
It’s unclear when the renovations could commence but the ABC is reporting an early-2020 kick-off.
Asana on Wednesday did not immediately respond to WNA’s request for comment.
Landmark’s Midtown Art Cinema has already started the process for its renovation.
The independent theatre filed permits in 2017 to overhaul its interior to the tune of $2.5 MM.
When reached by WNA earlier this month for an update on the project, a representative for Landmark confirmed the renovations were moving forward but did not have any new details to share.
