Dallas Megachurch Pastor Bishop T.D. Jakes in Talks to Buy Land in Atlanta
The real estate interest of Dallas megachurch pastor Bishop T.D. Jakes has entered into an exclusive 45-day negotiation to purchase property at the site of the former Fort McPherson army base in Fulton County, Georgia.
The group overseeing the property’s redevelopment, Fort Mac LRA, confirmed after a Thursday afternoon meeting that it was in talks with T.D. Jakes Real Estate Ventures LLC to buy some portion of the 132 remaining acres at the McPherson site, the Atlanta Business Chronicle reported.
The U.S. Army closed Fort McPherson in 2011. In 2015, filmmaker Tyler Perry bought a significant portion of the property, 330 acres, for $30 million to create his Tyler Perry Studios complex, which opened in October 2019.
Perry has shown no interest in buying the remaining property, per the Chronicle.
Easterly Government Properties, Inc. in 2019 purchased the building that formerly housed the Fort McPherson Forces Command Headquarters, where the Food and Drug Administration (FDA) plans to relocate its Atlanta operations and lease space after a renovation including the buildout of a 162,000-square-foot lab.
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Previous plans to redevelop the property as a mixed-use, transit-oriented, walkable community were unsuccessful.
Jakes has not revealed what he plans to do with the property, though he said the purpose of his real estate company is to “the creation of attainable and sustainable communities in a global marketplace” and to “focus on economic development, job training and creation, and educational enrichment.” Jakes, founder and pastor of The Potter’s House in Dallas, also has 15 credits for producing entertainment projects, including theatrical films like 2014’s “Heaven is for Real” and TV movies “Faith Under Fire” (2018) and the 2019-2020 television series “The Gospel.”
Jakes also hosts a syndicated TV talk show, the TD Jakes Show, which has been broadcast on the Oprah Winfrey Network since 2016.
The Potter’s House has four campuses, including the main location in north Dallas and satellites in Fort Worth, Los Angeles, and Denver.