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CIM Group Shifts Focus from Office at Centennial Yards
CIM Group is shifting focus as it builds out Phase I of Centennial Yards in Downtown Atlanta, the multi-use 50-acre development is going up in The Gulch next to Mercedes-Benz Stadium and State Farm Arena.
The original plan included demolishing the former Atlanta-Journal Constitution press building and constructing an office tower on the site. Although construction is still moving forward on a 300-room hotel and second apartment project, the office component of Centennial Yards is now on hold.
Multifamily apartment community The Lofts at Centennial Yards South at 125 Spring Street opened in 2022. It’s almost fully leased, and is linked by a newly-constructed skybridge to 99 Ted Turner Drive, which was to be developed as new office space, but those plans are also on pause. A third of the Centennial Yards project, which even with this change in plans will likely still include some office, is expected to be open by 2026.
- ◦Development

