Box 3, Folder 8, Document 18

Box 3, Folder 8, Document 18

= eS

FOR SALE
Atlanta
Shopping
Center

G AUTHORITY
EN










North

Interstate 20

er

qanraee aera se

aqiML It Y

panna

q
7 a aaaad »

Ls ye Aieit

‘

THIS STRATEGICALLY LOCATED
SHOPPING CENTER SITE
OFFERED FOR SALE
ON A COMPETITIVE BASIS

INTERSTATE 20







Downtown
Atlanta
Business

254.37
425.94 PARCEL 22 :
District 111,935.196 SQ. FT.

ane 2.5697 ACRES
Here is an ideal shopping center site consisting of over

14 acres of land... close in... just 2 miles from the
center of the City... and in one of the great residential

trading areas of Atlanta.

OAK STREET



2 Miles

Adjacent to Sears Roebuck famous West-End Store.
This site has long Frontages on key streets . . . Oak,
Gordon and Lee and Dunn Streets which provide easy
and quick access. Interstate 20 could bring in cus-

tomers from just about anywhere in the Metropolitan
area.

Interstate 75 & 85

PARCEL 23
538,146.616 SQ. FT.
12.3541 ACRES
Improvements include water, natural gas, electricity,

sanitary sewage, storm drainage, paved streets.

po

wy =
Da z
= 2
i 2
—

c Fa
ea m
2 a

Zoning is Commercial, C-2.

We invite you to inspect this property... study its po-
tential . . . get more detailed information from the
Atlaxita Housing Authority ...and submit your proposal.

This is an excellent property...and one that would be
hard to duplicate in the Atlanta area.

GORDON STREET



LEE STREET



PRE-ESTABLISHED
MINIMUM PRICE FOR
BOTH PARCELS
$512,000.00

$424,000.00 for Parcel 23 alone.
Proposals for Parcel 22 alone are
not acceptable (proposals with
prices less than these cannot be
considered).

Redeveloper, when submitting his
Proposal, makes a Proposal De-
posit in the amount of 5% of the
purchase price. One year after ac-
ceptance of the Proposal, the Re-
developer must sigh the Agreement
for Disposition of Land and pay a
total of 20% as Earnest Money. Six
months later sale is to be closed.
ee LS Se Stt—t—OSES;

PROPOSALS ARE NOT COMPLICATED

The Atlanta Housing Authority will supply all necessary pro-
posal forms, and will gladly answer questions concerning the
method of making your proposal. Minimum prices have been es-
tablished for this property and no proposal with a purchase
price less than these will be considered.

Proposals are to be opened in the office of the Atlanta Housing
Authority on October 8, 1968 at 10:00 A.M. If an acceptable pro-
posal is not received, the Authority will continue to receive pro-
posals and to open them as received for a period of twelve
months or until the tract is sold.

URBAN REDEVELOPMENT
PROTECTS THE FUTURE OF YOUR INVESTMENT

In any Urban Redevelopment Area, no proposal can receive con-
sideration that contemplates an unpermitted use. This assures
good neighbors and permanence of values. All proposals must
include a statement by the redeveloper showing financial re-
sponsibility and capability to successfully complete the pro-
posed improvements set forth in preliminary drawings and a
narrative description. These are carefully considered before a
determination is made as to which proposal is to be accepted.
The Agency will accept such proposal, if any, as it deems to be
in the public interest and in furtherance of the purpose of the
Georgia Redevelopment Law; however, no proposal for purchase
at a price less than the established minimum price will be con-
sidered. The primary objective of this invitation for proposals
to buy and redevelop this property is the receipt and acceptance
of one which contemplates the erection of a modern shopping
center with an enclosed air-conditioned mall. Other acceptable
proposals will be considered. In evaluating the proposals, the
Agency will consider the proposed price to be paid for the land;
the compatibility of the proposed development to other existing
and planned improvements in the area; the excellence of the
proposed design and the quality of the overall planning of the
proposed development; and the size of the proposed develop-
ment, particularly as it relates to effect on the tax digest. These
tracts are in a protected area—this is fundamental to the whole
basic concept of Urban Redevelopment.

PROPOSALS WILL BE OPENED
October 8, 1968

ATLANTA HOUSING AUTHORITY
824 HURT BUILDING
ATLANTA, GEORGIA 30303
523-6074