$56.4M C-PACE Financing Secured for Atlanta's Former CNN Center Redevelopment
Event summary
- $56.4 million C-PACE financing originated for The CTR (former CNN Center) redevelopment in Atlanta.
- Funding supports 1M sq ft mixed-use project including retail atrium revitalization, digital media displays, and building systems modernization.
- C-PACE financing covers HVAC, glazing, lighting, plumbing infrastructure, and LED media displays.
- Transaction highlights growing use of C-PACE for large-scale urban redevelopment projects.
The big picture
This transaction underscores the strategic shift in commercial real estate financing, where C-PACE is emerging as a critical tool for property owners navigating higher interest rates and tighter liquidity. The $56.4 million deal for The CTR reflects broader industry trends toward sustainable, long-term capital solutions that reduce equity requirements while supporting large-scale urban redevelopment projects. Peachtree Group's involvement highlights the growing role of specialized financial platforms in transforming iconic properties.
What we're watching
- Financing Innovation
- How C-PACE will continue to evolve as a capital solution for large-scale redevelopment projects.
- Market Dynamics
- Whether higher-for-longer interest rates will sustain demand for alternative financing structures like C-PACE.
- Urban Revitalization
- The pace at which Atlanta's downtown transformation will attract further investment and reposition landmark assets.
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