Wednesday, October 30, 2013

Athens Wal-Mart Project Dies

So it's been quite awhile since my last post, but I felt compelled to share the end of the story about putting a Wal-Mart in downtown Athens, Georgia.  If you're a longtime reader of the blog you may remember that an Atlanta based developer proposed a mixed-use development, anchored by a Wal-Mart, in the center of Athens.  (See my previous post here.)  Although Wal-Mart never expressed official interest in the project, many local residents were highly opposed to the idea.

Yesterday the local paper featured a story saying that the developer has now abandoned the project entirely, due to market conditions.  The development featured student apartments as its residential component, and downtown Athens is already overbuilt in that category.  However, the site, while topographically challenging, is prime real estate.  I'm sure as market conditions improve something will eventually be built there.

Jamie Baker Roskie

http://lawprofessors.typepad.com/land_use/2013/10/athens-wal-mart-project-dies.html

Community Design, Development, Downtown, Georgia, Local Government, Planning, Real Estate Transactions, Redevelopment | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef019b00759e59970c

Listed below are links to weblogs that reference Athens Wal-Mart Project Dies:

Comments

Post a comment