CIM Group has announced that its $5 billion development of apartments, offices, hotels and retail at The Gulch will be called Centennial Yards. According to the AJC, the 40-acre project will rise on a platform over the warren of parking lots and railroad tracks adjacent to Mercedes Benz Stadium and State Farm Arena. The former Norfolk Southern building on Ted Turner Drive being remodeled into loft apartments will be the first piece of the puzzle to open next year, and CIM Group expects that work on the platform will also begin sometime in 2020 and will eventually create 12 to 15 new Downtown blocks. Find out more about the project at the new website, centennialyards.com.
Multifamily developer and investment firm Pollack Shores Real Estate Group has announced an initiative focused on developing and operating multifamily communities in Opportunity Zones. The first, Skylark, is located at 1099 Boulevard in Chosewood Park. The 319-unit apartment community overlooks the future Southeast BeltLine Trail and offers a variety of price points and living options. Units range from 500-square-foot micro apartments to large two-story, three-bedroom apartments with more than 1,500 square feet of living space. Opportunity Zones were added to the federal tax code by the Tax Cuts and Jobs Act and are designed to strengthen distressed neighborhoods across the U.S. through economic development. They incentivize job creation and long-term investment in those communities by offering tax deferments and relief.
Vinings-based Jim Chapman Communities is developing a 12-home enclave just off Moores Mill Road in Buckhead near the newly-developed Westside Village. When completed, The Homestead at Ridgewood Heights will include four-bedroom, four and a half bath, two and three story single family homes priced from $1.1 to $1.3 million. Seven of the homes border woodlands and options include elevators, full basements and three car garages. “I believe this is the only new home development at this price point in Buckhead’s coveted Morris Brandon school district,” said Jim Chapman, president of Jim Chapman Communities. For more information, visit JimChapmanCommunities.com.
Prestige Partners has announced their 2018 Office Award Winner as Kizzie Stewart. The realtor was honored by the national franchise organization, Weichert Real Estate Affiliates, Inc., based on achieving specified production requirements in gross commission income or units earned in 2018.
This year’s Fourth Annual Bow Wow Brunch, the Atlanta Humane Society’s (AHS) leading fundraiser, honored Realtor Kay Quigley of Atlanta Fine Homes Sotheby’s International Realty as this year’s Anne Cox Chambers Humane Heroine. Boehringer Ingelheim was named Corporate Hero. Leading sponsors of the brunch included Atlanta Fine Homes Sotheby’s International Realty and Voyles Automotive Group. A few guests adopted adorable puppies on the spot from the “Puppy Park,” sponsored by National Distributing Co., Inc. The event was held at Flourish, Tony Conway’s event space.