Ponce City Market is a prominent redevelopment that once restored, will convert the 2 million square foot historic Sears, Roebuck & Company building on Ponce de Leon Avenue in Atlanta into a vibrant urban centerpiece that combines unique retail, dining, office and residential spaces. Scheduled to be opened to the public in early 2014, Ponce City Market will house up to 500,000 square feet of office space and approximately 300,000 square feet of retail and restaurants.

Opportunity Zone

Ponce City Market is one of two areas in Atlanta that has been approved for the Georgia Opportunity Zone. This means that companies (both retail and office) will be eligible for an income tax credit of $3,500 for each new job they create over two employees. This opportunity is good for up to five years, and the credits will offset some or all of a business's income tax liability, with any excess applied to the state payroll withholding.