11Alive's partners at The Atlanta Business Chronicle report developer Portman Holdings will no longer be buying a chunk of property that included The Local. Example video title will go here for this videoATLANTA — A popular local bar appears to be spared as a developer changes track for its plans along a stretch of Ponce De Leon Ave. across from Ponce City Market. 11Alive's partners at The Atlanta Business Chronicle report the developer, Portman Holdings, canceled a deal to buy the properties that house the long-serving pub The Local and the Vesta Movement gym next door. The Atlanta developer had planned to finalize the deal last week and backed out days before the scheduled closing, said Steven Dixey, managing partner of The Local. Portman still plans to place two buildings at Ponce de Leon Avenue and Ponce de Leon Place, land that is currently home to MJQ, a Chipotle, The Bookhouse Pub, Southern Star Tattoo and several other businesses.

Source: The Local August 29, 2023 15:20 UTC