“We have a 100,000-square-foot building that has had some homelessness problems, and we haven’t had a tenant in there in decades,” Jalal Slade, senior policy adviser on real estate for the city, told a meeting of the City Council Finance/Executive Committee. “So we’re looking to see if we can find a developer who can partner with us in redeveloping that site.”

The committee endorsed two ordinances, to be acted on by the full Council. One would authorize the mayor to grant Invest Atlanta an option to buy 143 Alabama; the other would have the city acquire title to an adjacent parking lot from entities including the state of Georgia and MARTA, so Invest Atlanta can present a complete package to potential developers.