State of Georgia: Come, developers, bid on 9.5 acres of downtown’s Gulch

A significant chunk of downtown Atlanta’s Gulch is up for grabs.

Exactly what that could spell for the underutilized pit’s promising future—and Atlanta’s bid for Amazon’s HQ2, which proponents say would fit perfectly in the Gulch—is less clear.

The State Properties Commission is seeking bids for the sale of roughly 9.5 acres of Gulch land (and air rights) that appears to include downtown’s CNN Deck, according to bid documents, as the Atlanta Business Chronicle reports.

Four parcels are being offered, but the bulk of nearly 9 acres is a piece in the shadow of Philips Arena, among the most northernly sections of the Gulch’s boundaries.

Bid documents indicate a taller parking facility next door, Centennial Parking Deck, isn’t included in the sale.

All bids are due the afternoon of July 26, per state officials.

Elsewhere in the Gulch, developer CIM Group hopes to build a massive mix of office, residential, hotel, and retail spaces atop a podium of more than 9,000 parking spaces, as filings last year revealed.

Those plans have been called a 27-acre mini-city, counting elevated streets and some 9 million square feet in proposed space.

At the Gulch’s southeastern lip, CIM also plans to adaptively reuse the long-vacant Norfolk Southern complex, transforming it into residences in the vein of Ponce City Market’s redo. The Los Angeles-based company bought that building for $25 million last year.

Here’s a closer look at the state’s offerings, per bidding materials:

• State of Georgia seeks bids for 9.5 acres in downtown Atlanta’s Gulch [Atlanta Business Chronicle]