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  #241  
Old Posted May 16, 2019, 4:00 PM
Username123 Username123 is online now
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They are building a new neighborhood. This is not a one and done project. It’s dozens of buildings being built in an area that has been languishing for decades when compared to all the development Buckhead and Midtown has seen.

Last edited by Username123; May 16, 2019 at 4:34 PM.
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  #242  
Old Posted May 16, 2019, 4:01 PM
Martinman Martinman is offline
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Furthermore, even in China large projects are often proposed YEARS before they actually break ground. Its just an inaccurate perception that everything goes up instantly.
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  #243  
Old Posted Jul 9, 2019, 12:16 AM
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Ruling: Atlanta can issue bonds to support $5 billion Gulch project

https://www.ajc.com/news/ruling-atla...5gLLNldnNwVRJ/

Quote:
The recently issued order by Chief Judge Robert McBurney to validate what are known as “Enterprise Zone” bonds is a crucial step for developer CIM Group to begin development of a mini-city in a 40-acre dead zone of parking lots and weedy rail beds between Mercedes-Benz Stadium and the Five Points MARTA station.

McBurney ruled the city can issue bonds, to be repaid by future sales tax revenue generated on the Gulch site, to help fund vital infrastructure and development of the project. The city and CIM await a ruling on another portion of the incentive package concerning future property tax revenue.
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  #244  
Old Posted Aug 18, 2019, 2:51 AM
smArTaLlone smArTaLlone is offline
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From the Centennial Yards rendering, I think this is actually a part of Centennial Yards although the property is not a part of The Gulch incentive deal with the city.


Quote:
Originally Posted by CIM files plans for 6-acre project with housing, hotel rooms
It would include 325 hotel rooms, 386 residential units, almost 200,000 square feet of office space and just over 50,000 square feet of retail space. The project could rise next to the ongoing renovations of the former Norfolk Southern Corp. buildings along Ted Turner Drive.

https://www.bizjournals.com/atlanta/..._news_headline


They look kind of conceptual but these renderings surfaced a few weeks ago of "The Spur" on the property in the new DRI filing.






Last edited by smArTaLlone; Aug 18, 2019 at 3:16 AM.
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  #245  
Old Posted Aug 18, 2019, 5:41 PM
Martinman Martinman is offline
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I think you're right. This development is Centennial Yards.
The Freight House Lofts is like the first phase of it.

CBender was right about this one.
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  #246  
Old Posted Aug 18, 2019, 6:55 PM
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If the renderings remain true to what is implemented, that office building would be one of the most interesting buildings in metro Atlanta.
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  #247  
Old Posted Aug 20, 2019, 12:34 AM
smArTaLlone smArTaLlone is offline
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This new proposal will create a connection between Centennial Yards, South Downtown, and Castleberry Hill.

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  #248  
Old Posted Aug 20, 2019, 1:05 AM
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Quote:
Originally Posted by smArTaLlone View Post
This new proposal will create a connection between Centennial Yards, South Downtown, and Castleberry Hill.
Have to wonder when more residential will creep down Northside Drive. Herndon Square was a start. Speaking of, is it still stalled or progressing? https://saportareport.com/stalled-he...-shortcomings/
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  #249  
Old Posted Oct 11, 2019, 1:44 PM
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Anybody have a status update? Especially Underground?
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  #250  
Old Posted Oct 11, 2019, 3:53 PM
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The status is unchanged.

Quote:
2020 should mark the start of constructing a vital steel and concrete platform that will raise the site to the level of surrounding streets, creating 12 to 15 new downtown blocks.
Underground is a completely separate project that at last report, was also scheduled to begin construction next year.
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  #251  
Old Posted Oct 18, 2019, 12:16 AM
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Highlights from informational session for Centennial Yards

https://atlanta.curbed.com/2019/10/1...yards-downtown













Quote:

The 99 building of the Norfolk Southern Building will be occupied by a boutique hotel with 150 to 160 rooms.

The second phase of what could eventually cover 4 acres is planned to bring a 260-unit residential building and a 50,000-square-foot boutique office building.

Requests for proposals from qualified firms are expected to be issued soon for phase two. Also planned is a two-story, 500-space parking structure upon which the new buildings would stand.

The new pieces are expected to launch construction by the second quarter of next year, with completions scheduled for 2023, Crowell said.

Last edited by smArTaLlone; Oct 18, 2019 at 12:47 AM.
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  #252  
Old Posted Nov 18, 2019, 2:19 PM
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CIM Group shops potential retailers for Gulch-transforming Centennial Yards

https://www.bizjournals.com/atlanta/..._news_headline
Quote:
New images show how the potential retail environment could look at Centennial Yards, the 50-acre redevelopment of downtown’s historic Gulch.

Los Angeles developer CIM Group, the group pitching the massive transformation, was at last week’s International Council of Shopping Centers (ICSC) Southeast conference in Atlanta. CIM Group was a featured speaker, had a dealmaking booth and manned a popular doughnut display. The renderings above are from a marketing document handed out at the conference.

"There are roughly 15 million visitors in this particular area with no focus on entertainment or pre- or post-event activities," Crowell said, beyond the major sporting and concert venues. "There's not very much to do in this environment before or after an event. So we hope to create a very activated and pedestrian-focused retail environment ... that offers the opportunity to live, work and play."

Crowell says the plan is to start major infrastructure at the site, including the platform will bring the project up about 40 feet to street level, in the second-quarter of 2020. That infrastructure could take 18 to 24 months to complete, he said.

Meanwhile, CIM Group continues to renovate the former Norfolk Southern buildings that sit on the edge of the Gulch along Ted Turner Drive. Crowell said those buildings would include about 40,000 square feet of retail space, including some sub-grade space for breweries and bars.

A second phase of development would come behind the Norfolk Southern buildings, set to start in second-quarter 2020. In August, CIM Group had filed plans for a six-acre project that could include up to 325 hotel rooms, 386 residential units, almost 200,000 square feet of office space and just over 50,000 square feet of retail space.









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  #253  
Old Posted Nov 18, 2019, 2:57 PM
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Maybe it is me, but am starting to get negative on this. Build it now, not a year from now...
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  #254  
Old Posted Dec 6, 2019, 1:01 AM
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Land development permit has been filed for the first new construction of Centennial Yards.

Quote:
MIXED-USE DEVELOPMENT CONSTRUCTED ABOVE THE EXISTING ASPHALT PARKING LOT BEHIND THE 99 & 125 TED TURNER. DEVELOPMENT WILL INCLUDE A PODIUM PARKING DECK WITH RESIDENTIAL, RETAIL, OFFICE, AND HOTEL ABOVE.
https://aca3.accela.com/ATLANTA_GA/C...howInspection=
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  #255  
Old Posted Jan 21, 2020, 4:09 PM
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Freight House Lofts

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  #256  
Old Posted Jan 21, 2020, 8:50 PM
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I am psyched for this project to lease up. Should be a boon to downtown.
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  #257  
Old Posted Feb 16, 2020, 8:07 PM
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First Atlanta Gulch tax incentive case lands in Supreme Court of Georgia

https://saportareport.com/first-atla...rt-of-georgia/

Quote:
“The strongest argument is the violation of the intergovernmental contracts clause,” said John Woodham at the court Thursday, representing four Atlanta residents who objected to the Gulch deal.

In English: his side contends state law on this is vague and that constitutionally, the city can’t tap sales tax dollars for the use of a private developer anyway. Emphasis on the word “private.”

Indeed, this kind of deal was specifically authorized by the state Legislature, said Matt Calvert, representing the Atlanta Downtown Development Authority and the city of Atlanta.

Fulton Superior Court ruled last year that as a matter of law, the city did follow correct procedure for the issuance of new and restated bonds and that there’s adequate security for the payment of such bonds.
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  #258  
Old Posted Feb 20, 2020, 1:50 PM
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Quote:
Originally Posted by smArTaLlone View Post
Why doesn't Woodham just move? If he had managed to kill off the Beltline, I don't know what I would have done. I thought at one point he was to be disbarred.
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  #259  
Old Posted Feb 20, 2020, 6:39 PM
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Seeing all those cranes up in that part of the city will be something to witness.
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  #260  
Old Posted Jun 29, 2020, 9:06 PM
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Court approves city’s billion-dollar plan for Gulch

https://www.ajc.com/news/state--regi...RSYAE51dE8NfJ/
Quote:
The development of downtown Atlanta’s Gulch passed a major hurdle on Monday when the state Supreme Court said sales taxes can be used to repay up to $1.25 billion in bonds to finance the project.


The city of Atlanta and CIM Group, a private developer based in Los Angeles, want to issue Enterprise Zone bonds to finance construction of offices, hotels and retail in the Gulch, a huge expanse of parking lots and railroad lines between Mercedes-Benz Stadium and the Five Points MARTA station. Enterprise Zone bonds are based on future sales tax collections.
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