Burr & Forman successfully represented Atlanta Beltline, Inc. (Beltline) in connection with the acquisition of land and improvements in the City of Atlanta to be known as Oakland Exchange. It is a mixed-use redevelopment project that preserves the historic brick structures and large painted signs of the Cut Rate Box Co. buildings and delivers affordable housing and commercial space near a future connector trail to the southwest portion of the Beltline.

Construction on Oakland Exchange is now underway following a public-private partnership between the Beltline and Urban Realty Partners. Under the agreement, the Beltline acquired the site and existing buildings, and Urban Realty Partners will complete development through a long-term ground lease. The project is supported by a combination of public and private financing sources.

Burr & Forman assisted with structuring and closing the transaction, including drafting and negotiating a complex development agreement, land use restriction agreements, multiple ground leases, lease options, parking and access easements, and a range of construction-related easements and agreements. The team also advised on a complex capital stack and organizational structure.

The Burr & Forman team was led by Douglas Selph, Sarah Bangs, Kyra Lockhart, and Jake Summerlin, with additional support from Jeff Allen, Gail Mills, George Morrison, Michele Reddick, John Rogers, Brad Skidmore, Josh Stover, and John Wall, who contributed experience across a wide range of practice areas to bring the project to a successful close.

Visit the Beltline website to learn more about the project.