For Kirkwood’s Pullman Yard—a historic industrial complex and one of the largest chunks of developable land left in Atlanta proper—four months of property tours, site inspections, and speculation ended at 2 p.m. Tuesday.
That was the deadline for interested parties to submit bids in hopes of buying 27 dormant acres rich with adaptive-reuse potential. The Georgia Building Authority, longtime property owners, set a minimum bid at $5.6 million.
Paperwork from the State Properties Commission shows that five bidders are officially vying to claim Pullman Yard, with offers ranging from the minimum $5.6 million to $8 million. (Bidding stipulations released earlier suggest the GBA will pick the highest bidder they see fit). They are:
- Fabric Developers ($8 million)
Described as a joint venture involving Fabric Developers and Civitas Housing Group, a local developer with experience in both historic preservation and affordable housing. For more on this team, head here.
- Atomic Entertainment LLC ($8 million)
This is the mystery contestant. Could it be the production company behind Confessions of a Matchmaker and Queer Eye for the Straight Guy? Or some other Hollywood conglomerate?
- JoJo Investments LLC ($5.7 million)
- Pratt-Pullman Partners LLC ($5.65 million)
- Pope & Land Enterprises Inc. ($5.6 million)
State officials have been cagey about the status of Pullman Yard for years, and they’ve consistently denied interview requests since the property’s sale was announced in December.
But other documents filed this week give an indication what’s to come next in the state’s process.
At a GBA board meeting planned for mid-June, the state will review bids and select a winner. After the chosen bidder gets the board’s thumbs-up, state officials predict a closing on the sale of Pullman Yard would happen July 25, ending nearly three decades of state control.
The GBA has owned the property since 1990 and briefly used it as a pitstop for a dinner train experience that ran between Underground Atlanta and Stone Mountain. Aside from occasional movie and television shoots (the new MacGyver series, for instance), the graffiti-strewn site has gone largely unused.