- Associated Press - Tuesday, December 16, 2014

ATLANTA (AP) - The president of a South Carolina-based real estate company says he expects to close a deal soon on a downtown Atlanta shopping center.

President and CEO of WRS Inc. Real Estate, Scott Smith, tells the Atlanta Journal-Constitution (https://bit.ly/1xqsHJd ) his company is expecting to buy Underground Atlanta and he hopes to begin construction on a redevelopment project by 2016. The company is based in Mount Pleasant, South Carolina.

Atlanta Mayor Kasim Reed said in a statement that he’s planning on making an economic development announcement at City Hall on Wednesday morning.

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Information from: The Atlanta Journal-Constitution, https://www.ajc.com

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