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[CNJRoss]

The Atlantic CITILAB, 7/21:

The Atlanta Transit Agency's Big Plan to Convert Parking Lots into Housing

MARTA, the transit authority for metro Atlanta, is quietly becoming a player in the real estate world, and it has its excess parking to thank. In the past few months, the agency has pushed forward with plans to develop under-used parking lots at three stations—King Memorial, Avondale, and Edgewood/Candler Park—into mixed-use commercial and residential buildings. And MARTA expects to secure at least two more such deals by early next year.

Talk about a shift from cars to transit.

The moves are part of a broader push by MARTA to capitalize on the transit-oriented development occurring in and around the city. Rather than sit on the sidelines during the resurgence, the agency decided to join the action. . . .

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