Underground Atlanta sale official after settlement with neighbor - CBS46 News

Underground Atlanta sale official after settlement with neighborhood group

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ATLANTA (CBS46) -

Underground Atlanta is officially for sale.

Well, it's already sold actually, after a dispute between the board of Invest Atlanta and a neighborhood association over the 12-acre parcel of land in downtown Atlanta was resolved.

WRS Real Estate Investments, a South Carolina developer, will buy the land for $34.6M, according to Anne Torres with the Office of Mayor Kasim Reed. They said they'll redevelop Underground Atlanta so it will be a place where people can live and shop.

Reed's administration put the land up for sale in 2014, and WRS said at that time they'd purchase it for about $25.8 million. 

Reed said at the time, "We solicited the best, most innovative ideas for redevelopment."

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