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Underground Outlook

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The AJC reports that a South Carolina developer is under contract to buy Underground Atlanta for $25.75 million. Mayor Reed said back in October that a purchase was nearly finalized and that the announcement would be made by December 1. Two weeks late isn't too bad, right? Early information gathered by the AJC indicates that the 12-acre property will be converted into a mixed-use development with a grocery store (Hurrah! Downtown groceries!) and above-ground apartments. More information should be coming tomorrow. [AJC]