The entire build-out of Atlantic Station is anticipated to have 15 million square feet of residential, office, hospitality, retail and entertainment space. It is located in the heart of Atlanta's Midtown sub-market where it was built on the site of Atlantic Steel Mill, a formerly environmentally-contaminated property, at I-75 and I-85.

AIG has been selling real estate assets so that it can pay its debt to the federal government, which bailed out the insurance conglomerate at the height of the financial crisis.

Atlantic Station's Town Center has a nearly 13% vacancy rate, the result of a downturn in the economy says Dean McNaughton, senior director, Cushman & Wakefield in Atlanta, who specializes in retail. Although Target, IKEA and Dillard's own their locations, AIG and Jacoby own the rest of Town Center.