When Atlanta rang in the new year with the Peach Drop at Underground Atlanta, plans called for the sale and redevelopment of the beleaguered site soon after.
Mayor Kasim Reed had declared the city would hand off the property, and public streets around the site, to private developer WRS for reimagining as a major mixed-use center. Plans have been in the works for a few years now.
The mayor declared the sale would be done at the start of January. When that deadline passed, the mayor said the ultimate deadline was the end of the month.
Three weeks later, the city still owns Underground Atlanta, leaving many to question what in the world is going on. After all, Hizzoner had indicated that other developers were keenly interested in the site.
The AJC reported on the latest news—namely that there really isn't much news. When questioned, Reed indicated that plans are still in the works to sell to WRS, but he wouldn't offer much more information, per the newspaper.
At this time, the city reportedly isn’t entertaining options from other developers.
If plans ultimately fall through, it wouldn't be the first proposed redevelopment of large-scale, city-owned space that ends up not panning out.
Hopefully, the Underground redevelopment won't be similarly abandoned.
When the next deadline is announced, we’ll let you know—but this project’s history indicates that deadlines don’t really mean much.