Lecester “Bill” Allen poised to become single-largest commercial landowner in the city of Stonecrest – OCGNEWS

March 24, 2021

Lecester “Bill” Allen poised to become single-largest commercial landowner in the city of Stonecrest – OCGNEWS

The City of Stonecrest has taken a quantum leap toward economic development, led by Mayor Jason Lary. The six-member Stonecrest Development Authority unanimously approved a Memorandum of Understanding (MOU) on Sept. 12 for a proposed$700 million revenue bond, paving the way to jumpstart development in the city.

The Development Authority inked the MOU with Allen Family Investments, LLC to bring development to a 300-acre tract around the Mall at Stonecrest over the next five years. The deal will make Lecester “Bill” Allen, the single-largest commercial landowner in the city of Stonecrest with more than 500 acres in the city. 

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