Developer New City Properties will finish up construction in April on a new Atlanta BeltLine access point that will connect the 22-mile-long loop network’s Eastside Trail to Historic Fourth Ward Park, according to a city update provided this week.
Started last July in conjunction with New City’s $750 million mixed-use development at 760 Ralph McGill Blvd., the future access point will serve as a replacement to the U-shaped Gateway Trail, which has swerved through trees and grass in connecting the trail to the park. In its place will go a staircase with bike runnels and an elevator serving as a new BeltLine access point.
All the while, New City is continuing work on its massive commercial development. The developer has plans for more than 500,000 square feet of office space, more than 1,000 residences (10 or 15 percent of which will be below market rate, per BeltLine inclusionary housing requirements), 200,000 square feet of retail, and a boutique hotel.
Atlanta-based New City had previously sought a $22.5 million tax abatement from Invest Atlanta, the city’s economic development agency, but eventually withdrew its bid amid criticisms that it would be too much of a giveaway by the city.
The project secured a big win last summer when marketing automation software company Mailchimp decided it would lease 300,000 square feet of the upcoming office space, What Now Atlanta reported at the time.
