City won’t sell BeltLine land for 10th and Monroe mixed-use projectProposed concept for development at Monroe and 10th streets (Special: Invest Atlanta)
By Maria Saporta
A proposal to build a mixed-use development at the corner of 10thStreet and Monroe Drive has been dealt a major setback.
Jennifer Ide, the city councilwoman for District 6 – which includes the property, sent SaportaReport a text Friday evening saying the City of Atlanta has rescinded a request for proposal for a key piece of BeltLine property that would have been necessary for the project to move forward as planned.
Ide also informed the Virginia-Highland Civic Association and its planning committee about the decision to withdraw the BeltLine’s RFP for the sliver of property – 1.47 acres – that runs along the triangular site just east of the Park Tavern and Piedmont Park.
The project – a joint venture between Jim Kegley and Jeff Fuqua – drew widespread criticism from the surrounding neighborhoods of Virginia-Highland and Midtown because of its proposed density.
When the project was presented to the board of Invest Atlanta last December, it called for an 11-story hotel with 150 rooms, 351 residential units with 30 percent of them affordable, a 20,000 square-foot grocery store, additional retail and restaurant space as well as 745 parking spaces.
Nearly everyone who spoke at a well-attended neighborhood town-hall meeting earlier this Spring voiced concerns about the project, which many said was too dense for the site and would make an already bad traffic intersection worse.
The project also would have changed the single-family character that exists on much of the 4-acre site and nearly all of the trees on the hill adjacent to the BeltLine and Piedmont Park would have been cut down.
The developers canceled other town-hall meetings, saying they had gone back to the drawing boards.
Originally, Invest Atlanta and the BeltLine had selected the joint venture in an RFP that would have sold the BeltLine property to Kegley and Fuqua for $2.5 million.
According to a story in the Atlanta Journal-Constitution, Atlanta BeltLine CEO Brian McGowan sent a letter to Fuqua informing the developers that the BeltLine and Invest Atlanta had decided against selling the property at this time.
“We have determined that the process itself is not yielding a result that we feel is appropriate for that site,” a statement from the Atlanta BeltLine read. “We plan to re-evaluate at a later date.”