Categories: National Real Estate

Tom Cousins, Real Estate Developer and Philanthropist, Dies

News Summary

Tom Cousins, a prominent figure in Atlanta’s real estate and community development sectors, has passed away at the age of 93. Over four decades, his work significantly impacted the city’s landscape, contributing to its sporting and cultural institutions. Cousins co-founded Cousins Properties, constructed landmark buildings, and was involved in community renewal efforts. His legacy includes revitalized neighborhoods, educational support, and significant contributions to Atlanta’s identity.

Atlanta, Georgia — Tom Cousins, Pioneering Real Estate Developer and Philanthropist, Dies at 93

Tom Cousins, a widely recognized figure in Atlanta’s real estate industry and community development, has passed away at the age of 93. His death marks the end of an era characterized by transformative city projects, sports team ownership, and significant charitable contributions.

Early Life and Education

Born on December 7, 1931 in Atlanta, Georgia, Cousins grew up in a modest family with roots in the auto distribution business. His family’s frequent moves due to his father’s career led him to attend grade schools in Decatur and Rome. He graduated from Darlington School in 1948 and enrolled at the University of Georgia at age 16. Demonstrating academic prowess, he graduated in the top 10% of his class with a degree in finance.

Following college, Cousins served as a First Lieutenant in the U.S. Air Force, gaining leadership experience before launching his business career.

Rise in Real Estate

His professional journey began with Knox Homes in Thomson, Georgia, where he became a top salesman quickly. In 1958, alongside his father, he founded Cousins Properties, transforming it into a leading developer of subdivisions, apartments, and shopping centers across Georgia.

By the 1960s, Cousins had become Georgia’s largest home builder, taking his company public in 1962. His first notable office project was the Piedmont-Cain Building, completed in Atlanta in 1965.

Beginning in 1966, he strategically purchased land in central Atlanta, including areas that would later become The Gulch and sites along the downtown MARTA rail line. During this period, he also diversified into sports team ownership, acquiring the St. Louis Hawks NBA franchise for over $2 million in 1968 and relocating it to Atlanta.

Cousins also secured an NHL expansion franchise, which he named the Flames. These acquisitions led to the construction of the Omni International Hotel, which later became the CNN Center when sold to media magnate Ted Turner in 1986.

Major Development Projects

In the late 1980s, Cousins unveiled plans for ambitious landmarks, including the 191 Peachtree Tower, a 50-story skyscraper completed in 1988, and the Bank of America Plaza, which at 1,023 feet became the tallest building in the Southern United States.

Community Revitalization and Philanthropy

Beyond commercial development, Cousins dedicated substantial effort to community renewal, especially in the East Lake neighborhood. His work in restoring the East Lake Golf Club and reducing crime in public housing projects like East Lake Meadows earned widespread praise. His efforts contributed to attracting the Tour Championship to Atlanta, revitalizing the area’s reputation.

Cousins’s philanthropy extended to higher education and culture. His foundation supported numerous universities, including Auburn University, Emory University, and Georgia State University. He was also a significant supporter of cultural institutions such as the High Museum of Art.

He served on various influential boards, including the University of Georgia Foundation and the Georgia Research Alliance.

Personal Life and Legacy

Cousins is survived by his wife, Ann Cousins, two children, Grady Cousins and Lillian Giornelli, alongside several grandchildren. He was also predeceased by a child, Caroline, who died in 1999.

His life’s work significantly shaped Atlanta’s urban landscape and community fabric over more than four decades, leaving behind a legacy of development, sports, and civic improvement.

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Author: STAFF HERE CLEVELAND WRITER

CLEVELAND STAFF WRITER The CLEVELAND STAFF WRITER represents the experienced team at HERECleveland.com, your go-to source for actionable local news and information in Cleveland, Cuyahoga County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Cleveland International Film Festival, Rock & Roll Hall of Fame Induction Ceremony, and the Cleveland Air Show. Our coverage extends to key organizations like the Greater Cleveland Partnership and Destination Cleveland, plus leading businesses in manufacturing and healthcare that power the local economy such as Cleveland Clinic and Sherwin-Williams. As part of the broader HERE network, we provide comprehensive, credible insights into Ohio's dynamic landscape.

STAFF HERE CLEVELAND WRITER

CLEVELAND STAFF WRITER The CLEVELAND STAFF WRITER represents the experienced team at HERECleveland.com, your go-to source for actionable local news and information in Cleveland, Cuyahoga County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Cleveland International Film Festival, Rock & Roll Hall of Fame Induction Ceremony, and the Cleveland Air Show. Our coverage extends to key organizations like the Greater Cleveland Partnership and Destination Cleveland, plus leading businesses in manufacturing and healthcare that power the local economy such as Cleveland Clinic and Sherwin-Williams. As part of the broader HERE network, we provide comprehensive, credible insights into Ohio's dynamic landscape.

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