Plans are advancing for the next phase of the large-scale Centennial Yards development, where a new 12-story mixed-use building is slated to rise adjacent to Mercedes-Benz Stadium. Centennial Yards Co. intends to deliver a program that combines residential, retail, and structured parking as part of the broader master-planned district.
The upcoming building is expected to include approximately 280 apartments, positioning it as a notable addition to the residential pipeline within the overall project. The residential component is designed to sit above a sizable ground-floor and lower-level retail base, with about 62,000 square feet allocated for shops, services, and other commercial uses. A 509-space parking garage is also planned, providing structured parking to support both the apartments and the retail uses.
A subsidiary of CIM Group is working through final details ahead of construction commencement. While those last elements are being resolved, the project team is targeting an early 2027 groundbreaking for this phase. The timing underscores the continued build-out of Centennial Yards, which is envisioned as a long-term, multi-phase redevelopment effort.
At full buildout, Centennial Yards is expected to total approximately $5 billion in development cost and accommodate around 2,000 residents. Within that broader plan, the team continues to pursue a full-size grocery store designed to fit a dense downtown-style environment, signaling an emphasis on everyday neighborhood-serving retail in addition to entertainment and event-driven traffic.
The master plan also calls for a meaningful office component. The development team is still seeking to deliver a little over 1 million square feet of office space and is actively in the market for potential office tenants. Securing those commitments will be an important step in rounding out the mixed-use profile of the district and supporting daytime population.
Portions of Centennial Yards that are already open have seen strong crowds before and after World Cup matches held across the street at Mercedes-Benz Stadium, demonstrating how event activity can drive significant foot traffic. With this next mixed-use project, the stated objective is to extend that momentum and generate more consistent activity on non-event days. By layering new housing, retail, parking, and future office space into the site, the development team aims to support a more balanced, all-week urban district rather than one that is only activated by major events.
The secured financing for this phase, combined with ongoing planning for additional residential, retail, grocery, and office components, underscores the continued investment focus on building out Centennial Yards as a large, multi-faceted mixed-use destination.
