Rezoning requested for apartment complex
by Clay Neely
A request to rezone 51 acres for a mixed use development off Newnan Crossing Boulevard East was recommended for approval by the city of Newnan's Planning Commission on Tuesday.
This recommendation sends the rezoning request to the Newnan City Council for another public hearing with a final decision slated for Feb. 25.
The proposed area to be rezoned would extend from Diplomat Parkway to Lower Fayetteville Road and would include a 258-unit apartment complex along with office and commercial structures.
The request for rezoning came from David Edwards on behalf of Turnstone Holding LLC.
'Based on market feedback and a realistic approach to financing development in today's market, we envision the subject property being developed as a mixed use project,' said Edwards.
'We foresee uses such as neighborhood retail, destination retail, restaurants, limited office and a limited multifamily component.'
While Turnstone Holding LLC has worked with several prospective buyers, it has entered a Purchase and Sale Agreement with Davis Development.
Davis Development constructed and developed The Villas at Newnan Crossing located on Newnan Crossing Boulevard East.
'This project will mirror if not exceed the high quality design, landscaping and construction of Villas at Newnan Crossing,' said Edwards.
'Davis Development desires to develop a luxury multifamily apartment community. Smart growth principles recommend locating high density residential along major arteries near office and retail uses and major transportation areas,' said Edwards. 'The property is in such a location as it's along Newnan Crossing Boulevard East, in close proximity of retail and office uses and is proximate to I-85, Hwy 34 and Newnan Crossing Bypass.'
Edwards continued, 'We feel that a multi-family apartment component in the mixeduse master planned approach we are taking would significantly enhance the walkable village development we envision for the property.'
According to the company's application, the apartment community would consist of 258 luxury apartment units and would contain a clubhouse, a swimming pool, a grilling area, lush landscaping, gate controlled access, and apartments with ninefoot ceilings and crown molding along with pre-wiring for high-speed Internet in all units.
The planning commission recommended approval under two conditions. No future multi-family rezonings will be requested for any other tracts included within the master plan area, and the apartments will be constructed with the elevations and features/amenities specified in the rezoning application.
According to the company's website, Turnstone Group LL C was established in 2001 and seeks to create midsize real estate and real estate-related investments within in the United States.