$1.3 Billion of Development Underway in Atlanta

NCHCR

Renderings of The National Center for Human and Civil Rights

 

One of the biggest stories coming out of 2013 is the amount of new development taking place in Atlanta after years of stalled progress in the construction sector. Major mixed-use projects like Buckhead Atlanta and large residential developments like 12th & Midtown represent some of the construction projects popping up around town. The Downtown submarket alone has more than $1.3 billion of development currently underway.

A large chunk of this figure is associated with the College Football Hall of Fame, which is relocating from South Bend, IN to a state-of-the-art facility next to the Georgia World Congress Center. The new venue is expected to deliver in this fall. Another large portion of this development is the National Center for Human and Civil Rights, also expected to deliver this year. In addition to the money being invested in these two attractions, millions of dollars have been invested in constructing new hotels near these attractions to accommodate increased numbers of visitors to the city. Some of the smaller projects in the Downtown submarket that contribute to the $1.3 billion figure are the Atlanta Streetcar Project, Centennial Olympic Park renovations, and upgrades to travel corridors.

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