Ponce City Market

Ponce City Market tower, May 2012

Ponce City Market tower, May 2012
General information
Address 675 Ponce de Leon Ave. NE
Town or city Atlanta, Georgia
Country United States
Coordinates 33°46′22″N 84°21′57″W / 33.7729°N 84.3657°W / 33.7729; -84.3657
Inaugurated 1926
Renovated 2011–2014
Owner Jamestown
Dimensions
Other dimensions 2.1 million sq. ft. (approx.)
Design and construction
Architecture firm Nimmons, Carr and Wright, Architects (Chicago)

Ponce City Market is a mixed-use development located in a historic building in Atlanta, with national and local retail anchors, restaurants, a food hall, boutiques and offices, and residential units. It is located where the BeltLine crosses Ponce de Leon Avenue in the Old Fourth Ward where that neighborhood touches the Virginia Highland, Poncey-Highland and Midtown neighborhoods. The 2,100,000-square-foot (200,000 m2) building, one of the largest by volume in the Southeast United States, was used by Sears, Roebuck and Co. from 1926–1987 and later by the City of Atlanta as "City Hall East". The building's lot covers 16 acres (65,000 m2). It officially opened on August 25, 2014.[1][2]

History

Origins

The building was built on the site of Ponce de Leon Springs, later the whites-only Ponce de Leon amusement park.

As Sears, Roebuck

City Hall East in 2007

As City Hall East

Ponce City Market
Ponce City Market under renovation, May 2012

As Ponce City Market

The City sold the property for $27 million to Jamestown, Jamestown, a private-equity group, on July 11, 2011.[7] Jamestown, which also invested in the redevelopment of the White Provision retail and restaurant complex in West Midtown, bankrolled the 180-million-dollar plans by developer Green Street Properties to convert it into a mixed-use development [8] In a July 2011 interview, Michael Phillips, managing director of Jamestown, said that Jamestown is focused on Ponce City Market becoming the fourth nationally relevant food hall in the U.S., alongside Pike Place in Seattle, the Ferry Building in San Francisco, and Jamestown's own Chelsea Market in New York. Jamestown also plans rooftop gardens where local restaurants can grow food.[9] Jamestown plans to complete renovations by early 2015 and then have the building added to the National Register of Historic Places.

It was hoped that the new development, along with the new adjacent BeltLine trail and Historic Fourth Ward Park, would stitch together the four neighborhoods that meet where it is located and revitalize the Ponce de Leon Avenue corridor.[10][11]

In August 2012 a coffee house, Dancing Goats, opened in a temporary location at the southwest corner of the site in the renovated Sears auto service center building, which also houses the Jamestown offices.[12]

Ponce City Market officially opened on August 25, 2014 with "Binders, General Assembly, and the Suzuki School join[ing] Dancing Goats Coffee Bar as the first tenants…now open or…opening within the next three weeks… On September 22, Athenahealth, the building’s first office tenant, will move 200 employees into the space and food trucks will also be on site starting that day, and residents of the Flats at Ponce will move in October through January."[2]

External links

History

Redevelopment

References

  1. "The gates are coming off", Ponce City Market site
  2. 1 2 "Ponce City Market is Now Open", What Now Atlanta
  3. "Timeline: Old Sears building, once a boom, then a bust", Atlanta Journal-Constitution, June 1, 2010
  4. 1 2 3 Jerry R. Hancock, Jr., Dixie Progress: Sears, Roebuck & Co. and How it became an Icon in Southern Culture, Georgia State University
  5. "National Notebook: Atlanta; Sears Center bought by city", The New York Times, June 2, 1991
  6. http://www.tripsmarter.com/travelinfo/atlanta/events/southeastern-flower-show
  7. "Mayor Signs Closing Documents on Sale of City Hall East", pbaonline, July 1, 2011
  8. "Slideshow: Jamestown reveals Ponce City Market", Atlanta Business Journal, June 29, 2011
  9. "Jamestown’s Michael Phillips on Ponce City Market", ATL Food Chatter (Atlanta magazine blog), July 18, 2011
  10. "Landmark Sears building still faces hurdles", Atlanta Journal-Constitution, June 1, 2010
  11. Ken Edelstein, "Green Street, Jamestown hope to close City Hall East deal this month", Green Building Chronicle, 2011-03-03
  12. "Ponce City Market to welcome first tenant", Atlanta Business Chronicle, Amy Wenk, August 9, 2012
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