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So far, Newport has spent $88 million acquiring property and has started gutting and prepping spaces. With the help of city incentives and historic-building tax credits, Kunkat wants to strip the wood and aluminum facade on a Peachtree nail salon to expose the original brick and stone and has torn out old carpet and drywall in the old Sylvan Hotel to reveal the historic brick walls beneath.
South Downtown developer Newport hopes to fill the spaces along Mitchell Street, ranging from 750 square feet to 1,400 square feet, with local businesses, makers, nonprofits, and more before starting renovations on permanent spaces.
Done right, CIM Group’s redevelopment of the Gulch could stitch together more than 200 acres in downtown, creating a new chunk of the city core. The opportunity to build a new grid, one that’s open to pedestrians and transit users, doesn’t come along often. We can’t design and develop for one tenant or one use. We’ve got one chance to do it right.
Starting in 2013, the glorified arts district centered around historic South Downtown has been home to some of the city’s most boundary-pushing creatives: upstart artist and underground rock champions Mammal Gallery; zine and cultural hub Murmur; and Eyedrum, the 20-year-old pioneer of Atlanta DIY culture.