Centennial Yards Company Starts $5B, 50-Acre Mixed-Use in Downtown Atlanta

Centennial Yards Company has started construction at Centennial Yards, a $5-billion, 50-acre development in the Atlanta, GA area formerly known as “The Gulch.” Centennial Yards Company is partnership between an affiliate of CIM Group and a group led by Tony Ressler, owner of the Atlanta Hawks.

At full completion, Centennial Yards will encompass eight million square feet, with four million square feet of new residential buildings and four million square feet of commercial buildings, including office, retail, restaurants and hotels.

Construction is beginning with two ground-up high-rise buildings, an 18-story full-service boutique hotel named Anthem and an 18-story residential tower located adjacent to Mercedes-Benz Stadium and State Farm Arena. Both towers are slated for completion in 2025.

Centennial Yards’ overall development will serve the Atlanta community through:

• 20% affordable housing for 99 years.
• 38% goal of minority and female owned business participation in the project including design, development and property management.
• 25% of entry-level construction jobs at Centennial Yards — and 10% of all construction jobs — are targeted for workers from around Downtown Atlanta, with hundreds of jobs for the two initial buildings.

“With the development of Centennial Yards, we have an opportunity to further revitalize Downtown while bridging the gap between the east and westsides of our city,” said Atlanta Mayor Andre Dickens during groundbreaking ceremonies. “This project is uniquely Atlanta — bringing the public, private and non-profit sectors together to dream big and execute a plan in a thoughtful and deliberate manner.”