Initial grading is underway for a large mixed use development along Newnan Crossing Boulevard and north of Lower Fayetteville Road in Newnan. Approved earlier this year by the Newnan City Council, the Newnan Crossing East development will include residential, retail and office offerings.
Above, stock art of construction items.
Motorists driving recently along Newnan Crossing Boulevard between Lower Fayetteville Road and Diplomat Parkway cannot help but notice the extensive grading work.
The property totals approximately 71 acres that was approved earlier in the year for the expansive Newnan Crossing East mixed-use development. The development is bordered by Newnan Crossing Boulevard on the east and Interstate 85 on the west.
As conceived, there will be 120,700 sq. ft. of retail space, including a Lidl grocery store, situated on approximately 15 acres on the development’s south side near Lower Fayetteville Road.
Toward the center of the property, and situated on approximately 32 acres, will be 300 multi-family units, 140 senior residences and 35 townhomes.
Continuing north near Diplomat Way will be 270,000 sq. ft. of office space situated on 22 acres. The project also includes 1.44 acres for a community plaza space.
The development will include a significant amount of greenspace and a large number of trees, especially on the northern half of the property.
Newnan Planning Director Tracy Dunnavant said the development will feature significant walkability.
At build-out, the residential and retail operations are anticipated to employ 330 people.
In terms of property value and taxable revenue generated, the residential and retail portions are expected to carry an total value of approximately $87 million, and generate annual property taxes totaling $141,000 for Newnan, $260,000 for Coweta County and $647,00 for the Coweta County Board of Education.
The Newnan Crossing East development is a somewhat scaled-back version of a project that was approved in 2008 as a Development of Regional Impact (DRI).