Mayor Andre Dickens led a group of Atlanta’s most prestigious public, community and business leaders this week, as CIM Group announced the groundbreaking for the new Centennial Yards development in our city.
The $6 billion Centennial Yards development represents the largest private sector investment in Atlanta, since the founding of Atlanta itself. And as Atlanta is the largest economy in the South, and the 10th largest economy in the country — this also represents the largest private sector investment in the American South as well.
Today’s announcement focused on the first two towers going up, right across from State Farm Arena and Mercedes Benz Stadium, but there are exciting additional announcements to come.
Centennial Yards sits in the area previously referred to as the Gulch, and is led by CIM’s Richard Ressler and Shaul Kuba, and my friend and leader Tony Ressler, who owns the Atlanta Hawks and is executive chairman for Ares Management.
Read the complete press announcement from Centennial Yards Atlanta here.
John Hope Bryant, founder, Operation HOPE, Bryant Group Ventures and The Promise Homes Company.