Downtown’s Imperial Hotel has received a facelift and new purpose, according to a report in Curbed Atlanta. The circa-1911 building has been rechristened The Commons at Imperial Hotel and will offer 90 units for Atlanta residents in need of permanent supportive housing. Atlanta-based Columbia Residential and the National Church Residences worked together to restore and repurpose this historic structure.
Controversial cryptocurrency Bitcoin is making its mark on Atlanta thanks to a Buckhead-based BitPay, according to a report in the Atlanta Business Chronicle. The company plans to add about 60 jobs in the next 12 months. The startup has signed a 8,000 square foot lease at 3405 Piedmont Road, a door down from its current digs at Atlanta Tech Village. Bitcoin is a digital currency that is not issued by a government or bank, but “mined” by high-powered computers. Of the up to 21 million Bitcoins that can be potentially mined, about 12 million are in circulation. Bitcoins are stored in “digital wallets” and can be used to buy products and services from more than 20,000 merchants worldwide. BitPay, which has raised $2.7 million in venture capital, relocated to Atlanta from Orlando last March.
The city of Decatur has announced that it won’t be taking part in Atlanta’s Bike Share Program, which will see 500 bikes installed at 57 locations around the city. City Planning Director Amanda Thompson tells Decatur Metro that Decatur is not involved in Atlanta’s bike share at this point and doesn’t have plans of participating in the next fiscal year. Says Ms. Thompson, “It is still quite expensive to operate and we would need to identify a source of funding.”