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November 30, 2022

Affordable Complex Owned By Coretta Scott King-Founded Group To Be Redeveloped

Hear About The Future Of Underground Atlanta From Lalani Ventures CFO Jason Flury Dec. 6

One of the few remaining affordable housing complexes in Atlanta's Old Fourth Ward, owned by a nonprofit founded by Coretta Scott King, is set to be demolished to make way for a new, larger affordable building.

Affordable Complex Owned By Coretta Scott King-Founded Group To Be Redeveloped

The Historic District Development Corp., in partnership with Mercy Housing Southeast, plans to raze the three-building, 58-unit Henderson Place apartments at 514 Irwin St. — rented mainly by single mothers — to make way for a $20M, 76-unit affordable housing project, according to a proposed special administrative permit…

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Co-Warehousing Operator Saltbox Lands $35M Funding Round, Expands To New Cities

Co-Warehousing Operator Saltbox Lands $35M Funding Round, Expands To New Cities  

A company that operates a coworking-style business model for distribution centers has raised $35M in a Series B venture capital round. Atlanta-based flexible co-warehousing operator Saltbox announced the funding Tuesday, led by Cox Enterprises and Pendulum, an advisory platform focused on supporting companies…

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New Places, High Prices: Luxury Retailers Double Down On Expansions To Fresh Territory

Certain corridors in major American cities are synonymous with luxury retail. Rodeo Drive, Fifth Avenue and the Magnificent Mile made their names serving as hubs for exclusive purveyors of the highest-end goods, but as day-to-day migration patterns have shifted for many Americans, luxury retailers are diversifying their efforts to reach consumers.

That’s not to say they’re abandoning their tried-and-true neighborhoods altogether. Rather, luxury retailers are deploying their significant capital to double down on some traditional corridors while branching out to new ones in cities both major and secondary, and they are cutting down on travel time to retail destinations.

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