Dallas Bishop T.D. Jakes is one step closer to building a community aimed at creating multigenerational wealth in Atlanta following the approval of his company’s development plan Thursday.
The Fort Mac Local Redevelopment Authority authorized T.D. Jakes Real Estate Ventures LLC’s initial interim master development plan to redevelop a portion of the former Fort McPherson Army Base.
Jakes, founder of The Potter’s House megachurch in southern Dallas, struck a deal in June to acquire 95 acres of land to create a community with affordable housing, mixed-use retail space and other quality-of-life enhancing amenities. The exact price of the project is still unknown, he said.
“While this is a major step forward, the plan is a work in progress as we continue our dialogue with local stakeholders and residents,” Jakes said. “We remain focused on strengthening communities through affordable housing and by helping people live the American dream through homeownership and the creation of multigenerational wealth.”
Once given the green light to break ground in Atlanta, Jakes expects the development to be mostly complete within two and a half years. The land is located next to actor Tyler Perry’s eponymous film production studio.
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Source: Dallas Morning News