City of Stonecrest officials announced a shopping, dining and entertainment center called New Black Wall Street Marketplace is being developed by Allen Family Investments at 8109 Mall Parkway in Stonecrest.
“This [former Target building] is being transformed into a New Black Wall Street Marketplace,” said Stonecrest Director of Communication Adrion Bell. “This place will be outstanding once they get through with it, and they’re going to open this coming [Memorial Day weekend].”
Bell said property owner Bill Allen plans to include restaurants, grocery stores, art galleries, music venues and theatrical stages in the finished product. Allen added his motivation behind the development is to bring more opportunities to minority- and women-owned businesses.
“I decided to take my time and put my resources where my mouth is,” said Allen.
Stonecrest officials said the marketplace will be 125,000 square feet and will house more than 100 businesses. According to Allen, the central location will make it easier for shoppers to support minority-owned businesses.