The Georgia Department of Banking and Finance has taken possession of Atlanta-based Capitol City Bank & Trust Company, according to a report from the Atlanta Business Chronicle. Capitol City was once Atlanta’s second-largest black-owned bank and the nation’s ninth largest black-owned bank with branches in Atlanta, Albany, Savannah, and Stone Mountain. The bank will be acquired by First-Citizens Bank & Trust Company of North Carolina.
The Atlanta Downtown Improvement District (ADID) has moved its offices from the Olympia Building (which is being transformed into a Walgreen’s) to 34 Peachtree St. in Downtown. ADID’s new headquarters occupy 8,200 square feet of space on the first floor and lobby level of 34 Peachtree, just one block north of Five Points. “Being near Five Points puts us at the center of Downtown and gives us optimum access to our entire 220-block service area,” said Dave Wardell, ADID Vice President of Operations and Public Safety.
Sorelle boutique (sorelleatlanta.com) has opened in Morningside at 1393 N. Highland Ave. The shop sells women’s clothing and accessories from designers like Sanctuary, Bailey 44, Joie, Greylin, Gypsy 05, Ella Moss, Tart, Splendid, Amanda Uprichard, DL 1961, James Jeans and more.
Internet-based men’s clothing store Bonobos (bonobos.com) has opened a brick and mortar store at Buckhead Atlanta, 3035 Peachtree Road. Bonobos Guideshop is a 1,150 square-foot space for those who want to see and try on the clothing in-person before placing an order on the website. Experts trained in fit and style guide customers through the merchandise including tailored suits, dress shirts, blazers, casual shirts, denim and chinos.
Philips Arena has been recognized as one of the top venues in the world for live entertainment yet again. Hosting 64 events and 608,084 guests this past year, Philips Arena earned a spot among the world’s top 10 venues worldwide based on ticket sales. Leading entertainment industry publication, Pollstar Magazine, ranked Philips Arena No. 10 in the world and No. 4 in the United States in its 2014 Year End ranking.
The Atlanta BeltLine has announced the hiring of Stacy Patton as their new Real Estate Director. In this capacity, Patton will be responsible for overseeing all real estate?related activities for the BeltLine as it pertains to parks, trails, transit right?of?way, affordable workforce housing and economic development. She previously was managing director of development for Minerva USA where she was responsible for land acquisition, planning, design, entitlement and project management for residential ventures in both suburban and urban infill markets.