Developers began construction of the first ground-up components of the $5 billion Centennial Yards urban-renewal megaproject Downtown with the groundbreaking of a 304-unit apartment tower and Anthem, a 292-key boutique hotel.
Both 18-story buildings are across the street from Mercedes-Benz Stadium and are slated for completion in 2025, ahead of the 2026 World Cup.
Anthem’s guest rooms will average more than 400 square feet each, while the apartment tower will offer units in multiple layouts, from studios to three bedrooms. Together, the towers will have 21,000 square feet of ground-level retail and restaurant space and provide a new public green. Anthem will have a rooftop offering views of key Downtown attractions.
“This is a true phoenix moment for Centennial Yards to rise up and bring forth a transformation of Downtown Atlanta while honoring the history that brought us here,” Centennial Yards Co. President Brian McGowan said Thursday at a groundbreaking ceremony, held a year after his company signed a development agreement with the city. Centennial Yards Co., which is being led by master developer CIM Group and the Atlanta Hawks, unveiled new renderings of the project at the event.
The 50-acre development is expected to deliver 4 million square feet of new residences and 4 million square feet of new hotel, retail, restaurant and office space at the current site of the Gulch. Centennial Yards has already renovated the historic Southern Railway building into 162 residential and mixed-used retail spaces.
“With the development of Centennial Yards, we have an opportunity to further revitalize Downtown while bridging the gap between the east and westsides of our city,” Atlanta Mayor Andre Dickens said. “This project is uniquely Atlanta — bringing the public, private and nonprofit sectors together to dream big and execute a plan in a thoughtful and deliberate manner.”