But it isn’t without controversy.The CIM renderings show taller office towers near the Five Points MARTA station. r/Atlanta: Subreddit for all things in and about Atlanta, Georgia The property is crisscrossed by rail lines and parking lots that sit about 40 feet below surrounding viaducts, which include the bridges for Ted Turner, Martin Luther King Jr. and Centennial Olympic Park drives.Full development of the site is expected to take five to 15 years, McCorkle said. It’s a project that has the potential to transform downtown. But McCorkle said Centennial Yards will offer dining and entertainment that “more than makes up for any disruption in the tailgating experience.”In an exclusive interview Tuesday with The Atlanta Journal-Constitution and Channel 2 Action News, CIM executive Devon McCorkle unveiled the Centennial Yards branding, a timeline for construction, and some attractions the company is considering for the 40-acre mini-city.McCorkle said CIM is seeking flagship retail stores for major apparel and technology companies, museums and smaller concert halls as potential anchor tenants. CIM committed to rebuilding the bridge as a pedestrian connection to the Castleberry Hill neighborhood.CIM started some bridge demolition, and reconstruction is expected to start next year.The AJC first reported on CIM Group’s plans for downtown Atlanta’s Gulch, as well as the debate over incentives for the up to $5 billion project. “If it’s seen as something separate from the city, that will be to its detriment.”The site also will feature a central pedestrian plaza and green space connecting Mercedes-Benz Stadium and State Farm Arena to Five Points.The timeline reflects the complexity of the project.The complicated project will rely on the $500 million platform to span the active freight and MARTA tracks.
They also rely on communication between the city, developers, businesses and neighborhoods to know how construction might affect their lives and livelihoods.“Now is a really prudent time for us to launch Centennial Yards,” McCorkle said. ATLANTA--CIM Group, a community-focused real estate and infrastructure owner, operator, and lender, today announced that the vast undeveloped area in downtown Atlanta known as the Gulch now has a new name: Centennial Yards. Robinson, president and CEO of downtown business coalition Central Atlanta Progress, said the platform creates new roads, sidewalks, bike paths and other links to neighborhoods and two MARTA stations disconnected by the sunken parking lots.“It’s critical. Mid-rise and high-rise residential, hotel and creative office buildings will round out the remaining space and sit atop of street-level retail.“Doing it right is more important than doing it quickly,” Robinson said.CIM plans to meet major retailers at the International Council of Shopping Centers annual convention in Las Vegas next week.
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