• Los Angeles developer CIM Group is planning a 27-acre “mini-city” for downtown Atlanta, according to The Atlanta Journal-Constitution, a project that will be the largest area development since the 1960s.
• The project will include new infrastructure around existing MARTA stations, 9 million square feet of office space, 1 million square feet of retail, 1,000 residential units and 1,500 hotel rooms. The development will also include at least nine high-rises, each at least 225 feet tall, with one planned for a height of 500 feet.
• The new development could be one of the proposed sites for Amazon’s $5 billion second North American headquarters. The project aligns with previous plans for a $193 million renovation of Philips Arena.