Underground Atlanta to be Sold, Converted to Mixed-Use Development
Wednesday, December 17th, 2014
Underground Atlanta, the at-times revered and reviled shopping mall in the heart of downtown, has a new owner, The Atlanta Journal-Constitution has learned.
Atlanta Mayor Kasim Reed is expected to announce Wednesday that a developer from South Carolina is under contract to purchase the nearly 12-acre property for $25.75 million, and plans to convert the multi-tiered subterranean shopping complex into mixed-use development with a grocery store and above-ground apartments.
