MARTA/COA/Invest Atlanta Partnership Promotes Economic, Community Development with Shipping Container Retail Center
iVillage @ MLK Provides Opportunity for Small Business at H.E. Holmes MARTA Station
The City of Atlanta, MARTA and Invest Atlanta recently hosted a ribbon cutting ceremony at the iVillage @ MLK, a pilot business incubator development located adjacent to the H.E. Holmes Station. Eight local businesses have signed on as tenants in the development.
The iVillage @ MLK is funded in part through a 2016 U. S. Department of Transportation Investment Generating Economic Recovery (TIGER) grant aimed at providing new mobility options, increasing access to transit and expanding commerce along the seven-mile Martin Luther King Jr. Drive corridor. The total investment in the development is $1.2 million.
“The iVillage @ MLK is a testament to the City’s, MARTA’s, and Invest Atlanta’s shared belief in the importance of developing communities and helping small, innovative businesses establish a foothold and begin to thrive,” said MARTA General Manager and CEO Jeffrey Parker. “It is this type of forward thinking, collaboration, and commitment that moves communities forward. MARTA is proud of this partnership.”
Located on 155 underutilized parking spaces, the 6,500 square foot development can house up to 10 tenants. Confirmed vendors include a coffee shop, a florist, frozen treats, grab and go food, and environmentally friendly laundry products. Additionally, as part of its public arts program, Artbound, MARTA will sponsor an artist in residence, who will occupy one of the units as a working studio for one year.
Transit Oriented Developments (TOD) are vibrant, pedestrian-friendly developments that are integrated with transit. With MARTA as a mission-driven land owner and the partnership and collaboration of Invest Atlanta and the development community, 153 new affordable housing units are coming to the Edgewood/ Candler Park and King Memorial MARTA stations.