Even with a development team now selected, transforming the Gulch downtown will take years — possibly decades, AJC staffer Rachel Tobin reports.
Cousins Properties and a team of other well-connected firms were chosen this week to develop a transit hub and “mini-city” downtown in the Gulch — the forlorn tangle of railroad tracks and parking lots, Tobin writes.
Expectations are high for the Cousins team, which beat out two similarly connected firms to become the master planner of a grand central station downtown, which will be surrounded by green space, shops, homes and offices, Tobin reports.
But progress might be measured in years — even decades – and not in days or months, Tobin writes. Before the first shovel hits the Gulch, the Cousins team must complete a master plan and then find ways to fund it.
“Many in the real estate community, while hopeful and optimistic that this project will proceed, will not be surprised if it takes many years before an actual delivery of anything real in the Gulch,” said Ken Ashley, senior director with real estate firm Cushman & Wakefield.
Also in the AJC:
In other media:
- Henry Unger, The Biz Beat
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