Top Menu

Development Could Take Shape Near Philips Arena

Atlanta Hawks

A large-scale development could take place near Philips Arena, according to recent documents that were filed with the City of Atlanta. 

With the Atlanta Hawks carrying out improvements to Philips Arena, the area around the venue is being eyed for development. An undeveloped nine-acre space with parking lots and rail beds dubbed the Gulch is being targeted for the project, which could include mixed-used amenities and more than enough office space to potentially accommodate Amazon’s second headquarters. The scope of the project would call for more than 10 million square feet of total development to take place at the site.

While the documents offer some insight into the type of development that would take place, some details about the full plan remain unknown. It has been known, however, that the Hawks are looking to see the area developed in the future. More from The Atlanta Journal-Constitution:

A likely candidate for the developer behind the proposal would be CIM Group of Los Angeles. The company is pursuing a massive redevelopment near Philips Arena that would bring hotels, apartments, offices and retail, but the group behind the filing with the city was not identified.

CIM was co-founded by Richard Ressler, brother of Atlanta Hawks lead owner Tony Ressler. A Hawks spokesman declined to comment.

The Hawks have expressed desire in being part of a redevelopment of downtown, including the Gulch and surrounding land, and Atlanta Mayor Kasim Reed has said CIM could bring plans for a $1 billion development.

In March 2016, during negotiations between the franchise and the city about public financing for a Philips Arena overhaul, the Hawks first expressed interest in an entertainment district downtown.

Discussion of bringing amenities to the area surrounding Philips Arena come as the Hawks continue to upgrade the venue. Prior to the 2017-18 NBA season, Philips Arena underwent the first phase of $192.5 million renovation project, and additional work is expected to take place at the facility before the 2018-19 season begins.

RELATED STORIES: Philips Arena Investment May Lead to Atlanta Hawks Mixed-Use Development

, , ,