Revitalization in Atlanta: A Journey of Love and Legacy
ATLANTA — The heart of Atlanta is beating stronger than ever, thanks to the efforts of rising real estate developer Krystal Peterson. With a passion for building her community and ensuring a vibrant future, Peterson sports a versatile title: co-founder of Dynasty Realty. Her mission? To breathe life into projects that not only enhance the urban landscape but also empower the local residents.
Brick by Brick: Building a Better Atlanta
Peterson has been a driving force behind several significant projects, but her recent contribution to the reopening of Bankhead Seafood has captured the attention of many. Just a stone’s throw away, hip-hop legend T.I. has also made waves with the launch of his first affordable housing development, Intrada Westside, located on Donald Lee Hollowell Parkway.
As a lifelong Atlantan—she moved here in kindergarten—Peterson has roots deeply planted in the community. She grew up attending Frederick Douglass High School, where she shared classes with notable figures like T.I. and Killer Mike. After earning her degree in political science from Spelman College, she pursued her real estate license, not realizing her true calling in development would follow soon after.
A Mother’s Inspiration
Peterson often credits her mother, Donna Tyler, as her early inspiration. Tyler served as Vice President of the Historic District Development Corporation (HDDC) and was involved in affordable housing projects that transformed neighborhoods in Atlanta. “They were pioneers,” Peterson expressed fondly, admiring the trailblazing women who fulfilled the conscious need for community development.
Collaboration for Change
In 2017, Krystal Peterson teamed up with T.I. to launch the Buy Back the Block initiative. Their aim was straightforward yet ambitious: acquire and develop property in the historic Grove Park district. Through ups and downs, Peterson recalls the journey as a “labor of love.” “We strategized and held onto properties until the right moment to develop,” she explained, echoing her commitment to uplift the community amidst ongoing gentrification challenges.
The Heart of Real Estate
Peterson wears many hats throughout the development process, from site assessments to financial structuring. It’s not just about bricks and mortar; it’s about creating spaces that foster community connection and empowerment. “I touch every layer and oversee the entire process,” she added. It’s evident that her passion and commitment shine through every project.
Creating a Lasting Impact
With the completion of Intrada Westside, offer affordable housing for 143 families and over 9,000 square feet of retail space, Peterson beams with pride. “It’s confirmation that we’re doing things the right way,” she reflects, believing strongly in representation and legacy. Bringing development in partnership with a Black entertainer reinforces hope for future generations.
Food with a Purpose
As part of the revitalization efforts, Peterson’s unwavering dedication to reopening Bankhead Seafood, a beloved community staple, resonates with locals. The original owners’ desire to pass the torch to developers who share their commitment to the community returns the eatery back to its roots while promoting economic development and job opportunities in the area. “It was such a cultural, historical landmark in the city,” she said, emphasizing the nostalgic role the restaurant plays in local culture.
Facing Challenges Together
Of course, not all aspects of this journey were smooth sailing. Peterson acknowledges initial pushback from newcomers in the Grove Park area who were hesitant about the changes. However, addressing these concerns became part of the process. “We’ve legitimately addressed all of their concerns,” she reassured, underscoring her commitment to a collaborative community vision.
A Legacy in the Making
Listening to her children and witnessing their excitement about her work keeps Peterson driven. “Representation means a lot to me,” she passionately shares, hoping to inspire young women everywhere. Her family is at the core of everything she does—building a future, one project at a time—while instilling values of hard work and vision into the next generation.
Your Dreams: A Collective Effort
Peterson’s journey is a testament to resilience and a belief in making a difference. Her advice? “Never give up and keep the faith. Be the change you wish to see in the world.” With that mantra, she continues to build her dynasty—one filled with hope, inspiration, and empowerment—proving that Atlanta’s future shines brightly, brick by brick.
