{"id":7283,"date":"2026-07-02T07:33:12","date_gmt":"2026-07-02T07:33:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/blog\/?p=7283"},"modified":"2026-07-02T09:37:47","modified_gmt":"2026-07-02T09:37:47","slug":"downtown-atlanta-cnn-center-gets-redevelopment-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/blog\/downtown-atlanta-cnn-center-gets-redevelopment-financing\/","title":{"rendered":"Downtown Atlanta CNN Center Gets Redevelopment Financing"},"content":{"rendered":"<p>Owner-operator of commercial real estate CP Group recently secured redevelopment financing for one of the most recognizable commercial real estate properties in downtown Atlanta \u2014 the CNN Center, now rebranded as The Center (The CTR).<\/p>\n<p>Investment firm Peachtree Group originated the $56.4 million in Commercial Property Assessed Clean Energy (C-PACE) financing toward the recapitalization and redevelopment of the property.<\/p>\n<p>Located at the center of Atlanta\u2019s Sports and Entertainment District, The CTR is directly connected to State Farm Arena, MARTA and the Omni Hotel. The property is also located within close proximity of the Mercedes-Benz Stadium, Centennial Olympic Park, the Georgia World Congress Center and the Georgia Aquarium, as well as the rapidly evolving Centennial Yards district.<\/p>\n<p>Originally built in 1975 for office use, the property has since gone through a partial conversion that resulted in a mix of 920,000 square feet of rentable downtown <a href=\"https:\/\/www.commercialsearch.com\/office\/us\/ga\/atlanta\/\" target=\"_blank\" rel=\"noopener\">Atlanta office space<\/a> and about 100,000 square feet of retail.<\/p>\n<p>Now, the ongoing transformation of the approximately 1-million-square-foot, mixed-use property is one of the largest urban redevelopment and repositioning projects currently underway in Atlanta.<\/p>\n<p>Project work includes revitalizing the property\u2019s expansive retail atrium, installing large-scale digital media displays, modernizing building systems and preparing office space for future tenants. The C-PACE financing supports eligible improvements, including HVAC systems, glazing, lighting, plumbing infrastructure, LED media displays and related project costs.<\/p>\n<p>\u201cThis financing demonstrates how C-PACE has evolved into a powerful capital solution for large-scale redevelopment projects that are remaking cities and repositioning landmark assets for the future,\u201d said Jared Schlosser, head of originations and C-PACE for Peachtree Group. \u201cThe CTR is not only one of Atlanta\u2019s most recognizable properties, but also one of the most important redevelopment opportunities in the Southeast. We are proud to provide financing that supports the property\u2019s next chapter and contributes to the continued revitalization of downtown Atlanta.<\/p>\n<p>\u201cAtlanta continues to attract investment, population growth and corporate expansion, creating opportunities to reimagine many of the city\u2019s most important properties,\u201d Schlosser continued. \u201cPeachtree is proud to play a role in shaping the future of Atlanta through transformative projects that enhance the city\u2019s competitiveness, strengthen downtown and support long-term economic growth.\u201d<\/p>\n<figure id=\"attachment_7284\" aria-describedby=\"caption-attachment-7284\" style=\"width: 640px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2026\/07\/CE_The-Center-at-190-Marietta-Street-Nw-in-downtown-Atlanta.jpg\" data-rel=\"lightbox-image-0\" data-magnific_type=\"image\" data-rl_title=\"\" data-rl_caption=\"\" title=\"\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-7284 lazyload\" src=\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2026\/07\/CE_The-Center-at-190-Marietta-Street-Nw-in-downtown-Atlanta.jpg\" alt=\"The Center at 190 Marietta Street Nw in downtown Atlanta\" width=\"640\" height=\"512\" data-srcset=\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2026\/07\/CE_The-Center-at-190-Marietta-Street-Nw-in-downtown-Atlanta.jpg 640w, https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2026\/07\/CE_The-Center-at-190-Marietta-Street-Nw-in-downtown-Atlanta.jpg?resize=300,240 300w\" sizes=\"auto\" \/><\/a><figcaption id=\"caption-attachment-7284\" class=\"wp-caption-text\"><em>The Center at 190 Marietta St. NW, in downtown Atlanta<\/em><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Now rebranded as The Center (The CTR), this is one of the largest urban redevelopment and repositioning projects currently underway in Atlanta. <\/p>\n","protected":false},"author":48,"featured_media":7285,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6,5],"tags":[],"class_list":["post-7283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-office-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Atlanta&#039;s Largest Redevelopment Project Gets Financing | CommercialSearch<\/title>\n<meta name=\"description\" content=\"C-PACE financing originated to support redevelopment work at the iconic Atlanta office property that used to be The CNN Center.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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