Fulton County Okays $538M Bond for “Transformative” Mixed-Use Project
The Develop Fulton Board of Directors unanimously approved a $538 million bond inducement for Project Nexus, a mixed-use economic development initiative. This project aims to transform a distressed property into a hub of economic and community development. Situated in Atlanta and East Point, the project would include affordable housing, essential services, and a host of amenities.
The mixed-use project, combining residential and retail elements, would generate more than $60.5 million in revenue over 10 years—30 times its current contribution. With an anticipated $4 billion overall economic impact, Project Nexus would create approximately 1,300 new permanent jobs and 2,800 temporary construction jobs while retaining 50 existing positions.
The development plan will create 1,126 residences, offering a mix of affordable and market-rate housing options to accommodate a range of income levels.
