I’m often asked, where is the best place to invest in Atlanta? I strongly believe most neighborhoods are continuing to grow and have exciting projects to look forward to, today I wanted to shift focus to the historic South Downtown. This neighborhood was arguably the start of Atlanta, when the Zero Mile Post was staked for Terminus (Archive Atlanta has a great podcast you can find here). In more recent history (1970s-2010s) the area suffered great disinvestment, but that is soon to change.
In the next five years, nearly $6.5 billion will be invested in over 65 acres in South Downtown. This includes over 1,800 residential units and 1.5 million square feet of new commercial space, with a few huge projects listed below.
Centennial Yards/The Gulch area includes breaking ground on a 232-unit residential building this summer, designing six buildings and finishing the reconstruction of the Nelson Street Bridge. Wild Leap Brew Company is expected to open within the next year and a hotel will break ground in 2023. This is going to be a mini-city in itself. Personally, I’m most excited to have an awesome place to hang out before catching a Hawks or Falcons game!
South Downtown: German based Newport Real Estate’s long-term vision to restore dozens of buildings within a six-block radius in the historic community, including the historically protected Hotel Row and 222 Mitchell Street, a 330,600-square foot former bank building is moving forward expeditiously.
Underground Atlanta: Lalani Ventures is creating a destination for locals and visitors, turning old storefronts into art galleries, restaurants, and entertainment spaces. Underground is BACK baby!
Five Points: The central station of MARTA’s rail system is scheduled for a (in my opinion much needed) $150 million face lift.