Atlanta Rising blog
THE EVENTS and places OF ATLANTA’S PAST, PRESENT, AND FUTURE THAT HAVE AND ARE TRANSFORMING THE CITY INTO THE INCREASINGLY MORE GLOBAL AND PROMINENT CITY OF TODAY AND TOMORROW.
Landmark Property of the Week
When did it open?
April 8, 1969 as an entertainment hub
Where is it located?
In downtown Atlanta at 50 Upper Alabama Street
Who built it?
Two graduates of Georgia Tech, Steven H. Fuller, Jr. and Jack R. Patterson
How Big is it?
12 acres or 220,000 square feet
What is significant about it?
The Underground was Atlanta’s first major mixed-use shopping and entertainment district with hotels, saloons, and offices, which began with the Georgia Railroad Freight Depot and railroad that carried passengers as far as New York City
Who owns it?
WRS Inc., an investor and developer of retail properties, purchased Underground Atlanta from the City of Atlanta for $35 million in 2017
Why should I care?
Underground Atlanta has had multiple rebirths, first as an entertainment district in the 1970s that included restaurants, bars, nightclubs, and music venues, a retail district in 1987 led by The Rouse Company that costed over $140 million, and now is being redeveloped by WRS Inc. into a mixed-use entertainment district that will include a Yotel, a 130-unit, $38 million affordable housing high-rise, and office space
Leave a Reply.
Nick has extensive experience in real estate and a passion for exploring cities