New Black Wall Street Market aims to boost minority businesses

Stonecrest leaders have promised to make the city a hotbed for business, with mixed results since the city’s inception in 2017. With past falters in the rearview mirror, an ambitious project is on the horizon.

Philanthropist and businessman Lecester “Bill” Allen said a redeveloped Target near Stonecrest Mall, dubbed the New Black Wall Street Market, is slated for a soft opening in May.

The project, which aims to eventually feature more than 100 businesses, looks to imitate the development model that has made Ponce City Market and Krog Street Market successful, but with a focus on minority-owned businesses.

“This is something that’s been needed for a long time,” Clarence Boone, Stonecrest’s economic development director, said. “We feel like this will be a game-changer for the city as it relates to commerce for Stonecrest.”

COURTESY The New Black Wall Street Market in Stonecrest, seen in rendering, is slated for a soft opening at the end of May. The project aims to eventually feature more than 100 businesses.