According to Curbed Atlanta, a proposed 50-acre project could help transform The Gulch, a P-shaped area in downtown Atlanta that's criss-crossed by working rail lines and defined by elevated streets. A recent gathering of business leaders, media, and real estate developers recently explored the possibilities offered by what could be the the largest mixed-use project in the Southeast. The event was hosted by developer CIM Group who has offices in California, the East Coast, and Atlanta. Their plans call for converting the sunken rail-yards and parking lots into 12 million square feet of residences, retail, offices, and hotels.
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, Crowell said. The planned boutique offices, at top, and a new building with roughly 260 residences, near the edge of Castleberry Hill.Requests for proposal 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 general game plan calls for a buildout of five to 10 years. From foundations to possible high-rise construction, the balance of tentative plans are in various stages of design, officials told Curbed Atlanta.
Not mentioned during Wednesday’s soiree was a lawsuit filed by Centennial Yards’s most vocal detractors, a group called Redlight the Gulch, who have cried foul over the use of billions in public money to get the project off the ground. As of August, the group was appealing a Fulton County Superior Court judge’s earlier ruling that city officials had acted lawfully when crafting and approving the incentives package.
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