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NEWPORT RE US officially started the permitting process for several buildings along historic Hotel Row within its South Dwntn project, April Stammel, vice president of NEWPORT RE US shared with What Now Atlanta in an email on Monday.
The private real estate investment firm is investing up to $500 million over the next several years across the section of Downtown Atlanta south of MARTA’s Five Points station.
The new residential and retail district would form on Peachtree, Forsyth, Mitchell and Broad streets, an area that once was home to the city’s garment district and a collection of stores and shops.
From April 4 through July 31 during Newport’s “Pop Up Row,” a collection of local businesses, start-ups, entrepreneurs, nonprofit organizations, and artists were offered a chance to build their presence and test out the Mitchell Street digs temporarily — rent free.
The next phase is the real deal.
“We anticipate being able to start delivering spaces to future tenants the summer of 2020,” Stammel shared on a phone call.
“We’re excited to continue the preservation and revival of some of Downtown Atlanta’s most historic buildings and look forward to sharing more exciting project updates in the coming months.”