Tyler Perry‘s dreams and aspirations of expanding his corporation appear to be coming to fruition sooner than later. The mogul reportedly acquired additional acres for Tyler Perry Studios. The film production studio opened in 2019 in Atlanta, Georgia, and is currently 330 acres. According to Atlanta Business Chronicle, Perry recently purchased an additional 37 acres for $8.4 million.
The publication states that the 53-year-old plans to add restaurants, shopping, and entertainment centers with the new space. This news comes almost two years after Perry and Bishop T.D. Jakes announced that they were approved to buy 132 acres at Fort McPherson.
As previously reported by Black Enterprise, Perry would receive 37 acres, while Jakes would get the other 94 acres. Perry said in a statement released to Deadline on June 17, 2021, “Today is a good day. I’m grateful for the opportunity this gives Tyler Perry Studios to extend our footprint in Atlanta and create more opportunities for the people of southwest Atlanta with restaurants, entertainment venues, and other business opportunities.”
The actor added that aside from his project, he plans to collaborate with Jakes on the pastor’s efforts to build affordable housing for families in lower-income communities.
In December 2022, Jakes revealed the other plans he wanted to do with the remaining acres aside from creating affordable housing, which included grocery stores and pharmacies. During the 2022 Hope Global Forums, Jakes claimed this idea came about after looking at the property and noticing that there were no grocery stores nearby but instead things that keep struggling people in poverty.
He said, “The neighborhood behind it is stuck between Tyler Perry Studios and Microsoft, and I can’t find a grocery store in miles. I can’t find a cup of coffee for miles. I can find payday loans places … they target the impoverished for the desperation they have to have money. You can find liquor stores, you can get a Magnum Gold, you can get strip clubs, you can get a whole lot of stuff, but you cannot get a cup of coffee.”
Since then, no additional information regarding Perry and Jake’s projects has been released.