Fort Mac LRA is pleased to announce that the organization has formalized a partnership with Macauley Investments for master development of the 145-acre site that was previously part of Fort McPherson in Southwest Atlanta.
“We’re looking forward to sharing the vision that Macauley will create with us for new development on this site, and are thrilled they’re committed to implementing those plans with us,” said Brian Hooker, Executive Director of Fort Mac LRA. “This firm’s entrepreneurial, visionary approach to developing award-winning mixed-use projects in emerging markets like ours gives us confidence they have the experience, enthusiasm and capability to accomplish great things in our community.”
Macauley will first create a master plan in alignment with a recent community-driven Livable Centers Initiative study of the Fort Mac area that called for greenspace, arts and entertainment spaces, medical offices, affordable and market rate housing. Master planning will prioritize new development on the site – primarily an urban village along Lee Street and smaller retail and housing section along Campbellton Road, leveraging Fort Mac’s location between two nearby MARTA stations. Other early priorities include identifying funding for infrastructure improvements as well as place-making and branding for the new destination. Fort Mac LRA will maintain responsibility for leasing and management of existing and historic properties.
“The redevelopment opportunity at Fort Mac appeals directly to the mission of Macauley Investments,” said Stephen Macauley, Principal at Macauley Investments. “We are looking forward to working with Fort Mac LRA and other partners to create value for the communities in this market.”
Redevelopment of Fort McPherson has faced many challenges, including the real estate market collapse associated with the great recession that started in 2008. In 2015, Tyler Perry Studios purchased 330 acres of the former U.S. Army Post, allowing Fort Mac LRA to take ownership of the remaining 145 acres for redevelopment. An Urban Land Institute Technical Assistance Panel and an Atlanta Regional Commission Livable Centers Initiative study have uncovered redevelopment opportunities for this site that made it possible to create this partnership with a quality real estate developer like Macauley.
“Fort Mac is in an important location for the prosperity of Southwest Atlanta, and this community has worked hard to participate in planning and research, ensuring our voices carry through the redevelopment process,” said Joyce Sheperd, Atlanta City Council Member representing District 12. “We’re thrilled that the city has been able to support the project in engaging a master developer that will respect and include the community’s vision in development.”
About Fort Mac LRA
Fort McPherson is a former army post situated southwest of Atlanta, Georgia, between two MARTA transit stations, and just a 10-minute drive from Hartsfield-Jackson Atlanta International Airport. On June 26, 2015, Fort Mac LRA became the owner of 145 acres of property on the former fort, while a world-class film and television studio are currently under construction on the adjoining 330 acres. Fort Mac LRA is also known as the McPherson Implementing Local Redevelopment Authority, a local government authority created by the State of Georgia, entrusted with catalyzing growth in the community and ensuring quality reuse and redevelopment. Its board of directors—nominated by the Mayor of Atlanta, the Fulton County Commission or the Governor of Georgia—provide leadership as the LRA is broadly empowered to utilize a number of incentives and financing tools to enable investment, facilitate job training and housing rehabilitation programs, and otherwise work to achieve the economic development mandate. The LRA works closely with partners, community and neighbors to redevelop the site in a way that catalyzes economic development, revitalizes the area and empowers its community. This vision includes a walkable, mixed-use retail development, a vibrant historic village, office or medical office space, and market rate multifamily developments.
About Macauley Investments
Macauley has developed more than 26 mixed-use and mixed income communities across metro Atlanta, including Legacy Park and Ridenour in Cobb County, Walden Park and Lakes of Cedar Grove in South Fulton County and Harmony on the Lakes and Laurel Canyon in Cherokee County. Through Macauley’s work, its communities have gained recognition in local and national media, including the Atlanta Regional Commission, CNN, LIFE Magazine and the National Association of Home Builders. This recognition has led to multiple awards and accolades, including Best New Community by the National Association of Home Builders and the first Development of Excellence Award by Atlanta Regional Commission. In recent years, Macauley has played a central role in master planning of urban and residential sites around metro Atlanta including the cities of Roswell, Chamblee, Tucker, LaGrange, South Cobb, West Atlanta and others. Most notably, Macauley’s partnership has brought to life the Olmsted, a mixed-use development in downtown Chamblee that is setting the standard for future development in the area. Other notable projects underway include Nexus BuHi in Doraville, GA, and The Rise, an 88-acre mixed use township in the new City of Tucker, GA. www.macauleyinvestments.com