Downtown Atlanta’s historic Flatiron Building has been purchased and is now set for a redo as a new startup hub. Arun Nijhawan, managing principal for Lucror Resources, acquired the building on Oct. 15 for almost $2 million, according to Fulton County records.Nijhawan plans to turn the 40,000 square foot Flatiron into a "collaborative place" for Atlanta's "makers, thinkers, and doers." The Flatiron ,built in 1897, four years prior to the iconic building of the same name in NYC , is located on the Atlanta Streetcar route and also three blocks from a MARTA train station.
Invest Atlanta, the city's economic development arm, has offered Lucror a $1.5 million loan to help offset more than $10 million in acquisition and renovation costs.
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