By Maggie Lee

In a couple of years, the place where the Civic Center now stands will be a destination like Atlantic Station or Ponce City Market — with some below-market-rate housing.

at City Hall on Tuesday, at the announcement of the Civic Center sale closing. Credit: Maggie Lee

(R-L) Atlanta Mayor Kasim Reed, Atlanta Housing Authority President and CEO Catherine Buell and AHA Board Vice Chair James Allen at City Hall on Tuesday, at the announcement of the Civic Center sale closing. Credit: Maggie Lee

That’s according to city leaders who spoke at a Tuesday press conference to mark the closing of the sale of the roughly 19 –acre Boisfeuillet Jones Atlanta Civic Center
Civic Center site.

The Atlanta Housing Authority has formally acquired the property for $31 million and will lead the redevelopment of the projet, said Mayor Kasim Reed.

The goal is to retain approximately 40 percent of the site as a mixed-income multi-family neighborhood with approximately 30 percent of the new unites being designated as affordable, Reed said.

“AHA is committed to build more than 250 low-income units,” said Reed.

The site will be a destination like Atlantic Station and Ponce City Market, said Rosalind Rubens Newell, counsel for Invest Atlanta, the city’s development authority

“Either one of those sites you might have looked at those a few years ago and thought it was impossible. And just like they’ve grown and flourished, the Civic Center site will grow and flourish,” she said.