Peachtree-Pine homeless shelter for sale
Task force asks $10.6 million for controversial shelter.
The AJC reports the Metro Atlanta Task Force for the Homeless has quietly put its Peachtree Street headquarters up for sale.
The asking price for the 96,000-square-foot building is $10.5 million, Kansas said.
“This is to weigh the options and see what can really happen,” Kansas said. “We’ve gotten a significant amount of interest from people local and out of state, but no formal offer yet.”
Kansas said that while he thinks the Task Force would “love to stay in the building, the fact of the matter is that the Task Force only uses about 30 percent of that entire building.
“It’s very under-utilized, and you’ve got a premium location and, frankly, a use that’s not desired on Peachtree,” Gene Kansas, the developer handling the potential sale said.
In 1997, Coke heiress Ednabelle Wardlaw purchased the former United Motors Service building for $1.3 million and donated it to the center. In a Dec. 2008 article about the shelter’s woes, executive director Anita Beaty told CL she was looking forward to an estimated $13 million renovation of the building.
If you’re in the market for prime property on the city’s most famous thoroughfare, submit your offer before the March 16 deadline.
(Photo by Joeff Davis)