Mar 25, 2024 - Sports

Centennial Yards developer kicks off downtown district's next phase

A rendering of a mixed-use development with high-rises and a large building with "ATL" written on the roof

Rendering: Courtesy of CIM Group

The developer building a $5 billion mini-city next to Mercedes-Benz Stadium is launching its next phase of construction with an eye on the 2026 World Cup.

Why it matters: Centennial Yards, CIM's mixed-use district rising from the expanse of railroad tracks and pavement called "the Gulch," says it will be the largest entertainment district in the Southeast.

  • Once completely built, the developer says, Centennial Yards will add an estimated 8 million square feet to downtown.

Zoom in: Developers say they aim to break ground on the next leg of construction this summer.

  • The centerpiece is an entertainment district featuring a 160,000 square-foot venue, plaza and 14-story hotel. Other buildings include a 236-unit apartment mid-rise and two 18-story high rises.

Of note: The entertainment venue and retail tenants likely won't be open and filled by the World Cup, which is scheduled to take place in summer 2026.

State of play: An apartment and hotel are currently under construction at the site.

What they're saying: "You cannot get in a more visible place for eight games of the World Cup than right in front of the stadium," A.J. Robinson, the president of downtown civic group Central Atlanta Progress, told the AJC.

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