AtMidtowner: You should probably write a letter to the AJC editor asking for them to publish a correction that clarifies it a bit. You are right -- they had at least 50%-75% occupation before the notice, and the reason they left was because they were asked to.
Is this it?
http://www.ajc.com/business/content/...id=inform_artr
Oh, and the Mexican restaurant mentioned as being still there in the article is gone too (just went to eat there today) and it was known it would move at the time the author wrote the article. It moved North about 1 mile but they haven't reopened yet because it looks like they are still laying tile at the new location.
Furthermore, the author didn't discuss the legal issues with TAD and how those are being addressed.
The problem with older shopping centers, including the one at the corner of South Cobb and Concord Rd includes:
* Increasing real estate values in Smyrna/Vinings, causing increased taxes. You may notice that the new shopping center being built in Smyrna for Publix has underground parking to increase utilization of the property.
* Older shopping centers are not prominent from the street. You may notice that a lot of new shopping centers have more prominent front elevations for anchor stores to stand out more and a lot of boutique shopping centers are built to border the sidewalk with parking in the back (examples: the new shopping center on Spring Rd near the elementary school, and the new shopping center on Atlanta Rd near Creatwood Trail). A lot of the older shopping centers also have out-parcels that block drivers-by from seeing the storefronts, so they just fade into the sea of buildings along the road. To make matters even worse: traffic congestion has increased, making it even harder to see them without ending up smashing someone else's car's rear-end.
* The stores are out of date construction which makes them hard for tenants to follow modern practices for internal layout.