While 2013 was a great year for almost all Metro Atlanta submarkets, State Farm and their acquisitions in Central Perimeter dominated the headlines this year just as they did in 2012. With the insurance giant and some other major corporations scooping up the last remaining chunks of available space in the Central Perimeter submarket, it was easy to lose sight of some of the progress being made in some of the other submarkets.
Take Downtown, for example. 2013 was Downtown’s busiest year since we began preparing for the arrival of the Olympic Games in 1996. Construction on the future College Football Hall of Fame began this past January and is set to open Summer 2014; the National Center for Civil and Human rights also broke ground this January and is expected to open a few months after the College Football Hall of Fame. Downtown kept this early momentum going when they finally reached a stadium deal with the Atlanta Falcons to build a $1 billion stadium in the submarket.
Other major markers for the year in the Downtown submarket were GSU’s purchases of 55 Park Place to convert into their new law school and administrative offices, Coke’s announcement of their decision to relocate more than 2,000 employees to SunTrust Plaza, and Legacy Property Group’s decision to construct the first new hotel in Atlanta in five years. The state capitol underwent renovations, Centennial Olympic Park debuted its SkyView Ferris Wheel, and the city learned of the Braves’ decision to leave Turner Field and build a new stadium for the 2017 season.Share