Tyler Perry is expanding his empire with the addition of 37.5 acres to the existing 330 acres of Fort McPherson property that his studios now occupy. However, the property is not an extension of his studio. Instead, he intends to use the land to create an entertainment hub that would be open to the public and include a retail stores, restaurants and a theater district.
“Today is a good day,” said Perry. “I’m grateful for the opportunity this gives Tyler Perry Studios to extend our footprint in Atlanta and create more opportunities for the people of Southwest Atlanta with restaurants, entertainment venues and other business opportunities. I’m looking forward to collaborating with my friend T.D. Jakes on his separate but adjacent project and I also want to thank Governor Kemp and Mayor Bottoms for their continued efforts to make Atlanta a better place.”
In a separate deal, the Local Redevelopment Authority Board of Fort McPherson approved the sale of approximately 94.5 acres of remaining land on the historic army base to T.D. Jakes Real Estate Ventures, LLC.
The unanimous vote, which comes after nearly two months of negotiations, clears the way for the Dallas-based real estate firm to redevelop the property for mixed-income housing and retail. The development is part of Jakes’ long-term vision to cultivate quality affordable housing for the underserved in a model that will be duplicated across the country.
“In my travels across all of America, I see too many Black and Brown working-class people still falling victim to the continued gentrification of our neighborhoods. I’m extremely excited about the accessible ownership options that will exist for future residents of this multigenerational community. This project will bring solutions to the quality-of-life problems and elevate the lives of the Atlantans that will live, work and play there,” Jakes said.
“We share in the City of Atlanta’s belief that the redevelopment of this fertile neighborhood is critical to the future growth of Atlanta,” Jakes continued. “My vision is to develop an oasis within our cities for working families, walking them toward economic viability through financial literacy programs, live-work spaces, mixed income housing and multigenerational options that are so imperative to the betterment of our society.”
“This agreement marks another monumental chapter in the history of Fort Mac,” said Atlanta Mayor Keisha Lance Bottoms. “Thank you to Tyler Perry and Bishop T.D. Jakes for their vision and investment in the Southwest Atlanta community. The positive impact will be felt for generations to come.”
Governor Kemp characterized the deals as a real shot in the arm.
Said Kemp, “Significant job creation such as this will create more opportunities for hardworking Georgians and surrounding small businesses, which are the real backbone of our state’s economy.”