Source: Douglas Sams and Amy Wenk, Atlanta Business Chronicle
Downtown’s landmark Norfolk Southern buildings that line “The Gulch” will be transformed into nearly 250 residential units, according to new plans filed with the city of Atlanta.
Los Angeles-based real estate developer CIM Group is leading the redevelopment of the long-vacant properties.
Last September, CIM Group paid $25 million for the four buildings along Ted Turner Drive and a roughly 5-acre parking lot behind them that abuts “The Gulch.”
Now, a renovation would focus on two of the buildings at 99 and 125 Ted Turner Drive, according to plans filed on Feb. 15. The narrow white buildings, which connect over the Nelson Street bridge and are historically protected, would be converted into a mix of one- and two-bedroom units.
Plans also show potential ground-floor commercial space.
Surber Barber Choate + Hertlein and Perkins + Will are the architects, according to the proposal.
It’s unclear at this point what CIM Group will do with other two red brick buildings that make up the complex. Real estate observers have said they could be redeveloped for creative office space.
The Norfolk Southern Buildings stand along the southern edge of The Gulch, a historic piece of Atlanta where 19th century railroads formed a vital transportation hub for the Southeast.
Read the complete article at the link above.