After years of disagreement and law suits, the Georgia Supreme Court approved the planned five billion dollar redevelopment of Atlanta’s downtown space previously dubbed ‘The Gulch.’ The city development authority will issue up to $1.25 billion in tax money to finance the construction of this private/mixed-use development. The developer of the future ‘Centennial Yards‘ is The CIM Group, working through a local LLC with the name ‘Spring Street’. Fifty acres of parking lot and rail-yards will be completely transformed featuring up to 12 million square feet of retail, office and residential space.
Despite the pandemic, ground broke back in April on Buckhead’s newest residential high-rise at 2520 Peachtree Road. Said to be one of Atlanta’s largest for-sale condo ventures has no plans of delay and expected to be complete mid 2022 with prices beginning at $1.6 million. Offering 47 residences, 22 stories and a 6,000 square foot penthouse for $8.5.
The newest high-rise in West Midtown is being developed around healthy living and putting wellness at the forefront of their everyday living features. Some features include keyless touch from entering garage to their own door and a no-contact elevator. Boasting a full glass exterior allowing more natural sunlight and reduce energy-use, plus each home will have its own fresh air intake + exhaust. Prices begin at $541,900 and rise to a $1.2 million penthouse.
Back in 2018, Atlantic Station closed the ‘park area’ with a planned future revamp, aiming to double the green space and add functionality. Located on 17th Street, in front of Regal Cinemas, new restaurants are expected including an Atlanta favorite HOBNOB Tavern. In other news, T3 West Midtown, located in Atlantic Station, signed a lease with Facebook where the social media giant will add to its headquarters a whopping 36,000 square feet of office space in Atlanta.