Powder Springs buys property for downtown development

The Powder Springs Downtown Development Authority has spent $840,000 to buy several properties for d...

The Powder Springs Downtown Development Authority has spent $840,000 to buy several properties for downtown redevelopment:

  • $546,794.16 for The Clutch Exchange at 3840 Broad St. and 3921 Murray Ave.
  • $86,928.11 for vacant retail/office at 4460 Marietta St.
  • $106,968.74 for vacant commercial space on 3886 Broad St.
  • $99,076 for a single-family house at 4417 Pineview Drive.

The properties will be used “as a townhome or condo project and several redevelopment commercial properties in the historic area,” said Economic Development Director Stephanie Sage Aylworth.

No decisions have been made by city officials on which of these structures will be torn down. Declining to comment on any businesses that may have made commitments, Aylworth said the city is still in the concept phase.

“We expect to have a rendering available before the end of the year,” she added.

Aylworth said city officials are seeking a brewery and restaurant or brewpub as an anchor for the center with an anchor incentive package to include one year of free rent and a renovation grant.

City officials are planning an Open House 4 to 6 p.m. Oct. 26 in the city’s Community Development building, 4488 Pineview Drive, Powder Springs to host tours of available spaces, discuss incentives, provide information.

Information: Aylworth at 770-943-8001 ext. 345 or saylworth@CityOfPowderSprings.org

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    Article Powder Springs buys property for downtown development compiled by www.ajc.com

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