Joint development in Atlanta - another false start?

There's a long history of joint development in Atlanta and a robust organization to carry out the work. MARTA was built with several development projects in mind (for example, the old BellSouth tower at North Avenue or Sloppy Floyd state office towers in downtown) and has been the subject of much TOD-related study. Now there's a new joint development project in the works. A relatively suburban apartment developer, Walton Communities, has been selected to pursue development at the King Memorial Station in downtown. According to reports, after winning an RFP process, the developer now has time to secure financing and finalize designs for a project on the site. Time will tell if this developer is able to proceed to construction and capture value for MARTA (I worked in Atlanta in the mid-2000's when this station's parking lot was the subject of a student housing proposal that fell through).