Center City Perimeter TAD
The Center City Perimeter tax allocation district was established in 2005 to assist in the city’s efforts to rebuild in-town neighborhoods, making Marietta a more enjoyable place to live, work and play. The 244-acre TAD was created to support the redevelopment of Wynhaven Apartments on Powders Springs Street and the construction of a 40,000 square-foot Class-A office building near Polk Street. The boundaries of the TAD incorporate underutilized residential and commercial property along the north Fairground Street and Powder Springs Road corridors as well as the residential neighborhood surrounding the former Lyman Homes public housing project.
Like the CCSR TAD, the Perimeter TAD will provide the stimulus for development of new retail and service businesses in an underserved area. Because of the geographic relationship between the districts, the initiatives underway in the CCSR TAD will support redevelopment in the Perimeter TAD. Both TADs will provide project funding and support for implementation of components of the Powder Springs corridor master plan.
Established in 2004 to support the redevelopment along the Powders Springs Street and Allgood Road corridors as well as the construction of a 40,000 square-foot Class - A office building near downtown
Projects identified and or supported include the Atlanta Northern Traction Co. building, Montgomery Park subdivision and First Landmark Bank branch
Redevelopment opportunities and resources
Additional redevelopment projects within the 244-acre district may include commercial and mixed-use development of substandard residential and underutilized commercial property. Multifamily and commercial tracts are regularly available for purchase in Center City Perimeter TAD. Real estate listings along with informational maps are provided below. For more information on redevelopment opportunities within the Center City Perimeter TAD contact MRC staff.