Fisher Paty, with Oakhurst Realty Partners, stands beneath the marquee at Towne Cinema. File photo by Dan Whisenhunt

The announcement that a cake shop will be moving to Tudor Village in Avondale Estates also marks a turning point for one of the city’s key retail spots.

Fisher Paty, a managing partner with building-owner Oakhurst Realty Partners, said the entire building is 60 percent leased.

“On the retail space, we just have the (Towne Cinema) theater and corner space across from Pallookaville available,” Paty said. “The balance of the vacant space is office space upstairs.”

There’ve been rumblings about potential tenants for the Towne Cinema space, but Paty has said he’s holding out for someone who will do something special with the old theater.

Laura Haass, with Icing Cake Design, said her store will be located next to Mama Bath + Body, which is relocating to Avondale from Decatur. Icing Cake Design is relocating from Scottdale and Haass is shooting for a mid-July opening date.

Haass lives in Avondale and said the commute was one reason she wanted to move her business to the city. She said the pace of new businesses moving into Avondale was another selling point.

She said over the years the city had “lost a lot of its attractiveness and luster.”

“It’s starting to get a lot of it back and the development is very promising and exciting and we want to be part of that,” Haass said.