F’ville’s first concierge apartments sail through council

Artist's rendering of Lafayette Square. Graphic from city of Fayetteville.

The Fayetteville City Council on June 5 conducted the first of two public hearings on the Lafayette Square luxury apartment proposal.

Coming on the heels of the opening of Pinewood Atlanta Studios, the $43 million project near downtown Fayetteville would give the city and county a first look at apartment living complete with concierge-level services.

The 11.6-acre property, located on the north side of Ga. Highway 54 between Lafayette Avenue on the east and Sharon Drive to the west, was rezoned in June 2011 under the PCD (planned community development) zoning designation for approximately 192 units that were slated for persons 55 years of age and older. Those plans were later abandoned. The current proposal calls for 210 luxury apartments contained in a gated community with no age restrictions.

The public comments portion of the public hearing included one by Tony Parrott, a resident at the adjacent Villages residential development. Parrott asked that Lafayette Square be limited to the 192 apartments approved several years ago, adding that the annexed area on the city’s west side would be the best place for the apartment development.

The other speaker in public comments was Carolyn Cary who asked the developer questions concerning perspective tenants and the terms of leases.

Miles Hill, founder of The Charter Companies of Auburn, Alabama, said aside from a number of corporate apartments, all others would carry a 12-month lease. The corporate apartments would be fully furnished and would include a six-month lease, he said.

“We’re not interested in less than six months. We’ll let the extended-stay businesses deal with those,” Hill said.

Pertaining to residency at Lafayette Square, Hill said tenants will be required to undergo a police background check, a credit check, a last landlord check and an employment check.

The layout of the property shows four apartment buildings, each with three floors, and six carriage-style buildings. Two of the apartment buildings will border Hwy. 54 with one on the north side of the property and one in the center of the site. As proposed, two of the apartment buildings will contain 39 units each with the remaining two buildings containing 54 units each.

Though previously approved as a PCD project and because PCD approval is project-specific, the current proposal requires rezoning due to several factors. Those include a change in the footprint of the proposed buildings, the change in usage from age-restricted to non-age-restricted and the small increase in the number of proposed apartments.

Of the 210 proposed units, 24 are 1 bedroom/1 bathroom at 768-850 sq. ft.; 174 are 2 bedrooms/2 bathrooms at 1,002-1,100 sq. ft.; and 12 are 3 bedrooms/2 bathrooms at 1,287 sq. ft.

Projected monthly rent is $890-1,400 for 1-bedroom units, $1,050-1,950 for 2-bedroom units and $1,225 and up for the 3-bedroom units.

The 30-foot buffer requirement on the north and west sides of the property were extended by the development to 45 feet.

Intended as a community with monitored security gates and fences, Lafayette Square is proposed to feature a resort-style pool and deck, a 5,200 sq. ft. clubhouse, deckside cabanas and hot tubs, several parks, landscaped courtyards, a fully-equipped business center and cyber cafe and tanning salon.

A description in March of the apartment proposal provided by The Charter Companies represents a significant departure from the apartment complexes existing today in Fayetteville and Fayette County. The difference is not as much in some of the pricing as in the amenities that include a number of concierge services for all units with additional services available.

Hill at the June 5 meeting said the development encourages walkability and is what “our customers and residents look for.” The property is located within walking distance to the downtown area.

Development plans show several carriage houses featuring two units each, rather than the apartment buildings, being in closest proximity to the Sharon Drive residences.

Asked by Councilman Paul Oddo if the development could include a privacy fence and plant material on the west side of the property that is closest to the homes on Sharon Drive, Hill said he would be happy to make that happen, adding that Lafayette Square residents would also appreciate an extra level of privacy.

The council will conduct a second public hearing at the June 19 meeting.

Husband and Fat...
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Competition is good

Tyler Perry's inquiry for a new studio at Fort McPherson.

Now that's a perfect location. Redevelopment, close to the airport and close to downtown for the stars to be seen. Could also house the folks working there.

http://www.ajc.com/news/news/breaking-news/tyler-perry-in-talks-to-buy-f...

Newsboy
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Must you find negativity in everything?

Get a life. Better yet, just barriade yourself under the PTC bubble and wait for Armageddon.

You are one pathetically unhappy creature, H&F.

tikigod
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Negativity rules

Negativity rules the land @ thecitizen Newsboy, it has for a long time.

I'm no fan of apartments, but these don't look bad at all. They probably are necessary as we need decent housing for young folks looking for somewhere to live in F'ville.

Lets hope this also makes F'ville's aging multi-family housing is updated to compete.

Newsboy
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If Fayette County is going to survive ...
tikigod wrote:

Negativity rules the land @ thecitizen Newsboy, it has for a long time.

I'm no fan of apartments, but these don't look bad at all. They probably are necessary as we need decent housing for young folks looking for somewhere to live in F'ville.

Lets hope this also makes F'ville's aging multi-family housing is updated to compete.

EXACTLY! If Fayette County is going to survive, it must start attracting younger professional people ... and that means housing that fits their lifestyle. This complex looks like a quality project unlike anything Fayetteville has seen before. We need MORE developments like this -- lofts around the square, multi-use live/work/play projects where people can walk to restaurants, work and shopping.

The era of Fayetteville being a small town with low-density homes on large lots is over. We've got to think about the future. There is FAR TOO MUCH vacant land to build on within the historic core of the city. I would love to see something like this built on the vacant property just north of the Holiday Inn Express, between Glynn and Church streets and the Ford dealership. You could extend the street grid via LaFayette Avenue and Lee Streets and have street-front retail and restaurants with loft apartments above. Maybe even a discreetly hidden parking facility!

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NP

NP

Husband and Fat...
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Newsboy - A little investigative reporting

Just checked out the developers website. It appears that it's outdated (about 5 years).

The last project they completed was in 2009. That's a long time to go without a paycheck in this down economy. Now perhaps they just stopped investing in their website (also not too bright in the digital age)

They claim in the article to own and manage buildings, but there is no links to substantiate this claim. I searched each finished projects website and cannot find any leasing connection to the original developer.

Now flipping is not uncommon in the industry. The developer of the retirement home on Crosstown Drive recently flipped his investment.

The point I am making is that everyone wants to believe in the hype. The project sounds like it will be a nice place, its great to do background checks, but we need to know the standards they aim to keep. And who's going to monitor the residents? One name on the lease and two other roommates. After all its an out of town investor with no ties to the area.

I'm being realistic here, not a downer. The investment is primed to be flipped, and fast.

Just be careful what you wish for.

is that a fact
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apartments

don't put the cart before the horse

Husband and Fat...
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Got a headline for you Newsboy

I live in the happiest house in the neighborhood. A great wife, two good kids (most of the time), and friends who stop over just because they actually like to be here. Just had to call it a night and send them home because I need some time to prepare for work tomorrow. I'm certainly no curmudgeon.

If you disagree with what I said, I'm open for a dialogue. I'm a 40 something who has lived in a lot of places as I worked my way up the company ladder. I've seen these types of developments first hand. Build it fast to serve a new business, get them leased up fast, no matter what, and sell it off to a management company. I haven't looked it up, but does this company have any long term holdings? Why don't you use your newsboy intrigue and let us know.

Executive leases sounds good, but it's still transient and with 3 unrelated to a suite, percentages tell us there will be issues.

Guess we will have to wait about 2 years to find out.

Peace out, brother.

Husband and Fat...
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What good is a police background check?

A background check is meaningless unless the management staff advises of the standards. Is a drunk driving conviction ok for residency? How about a sex crime? Is one felony ok, but two means you can't live there even if the tenant pays his rent on time.

The prices are good. And considering they will accept 6 month leases, those 3 bedroom suites will only cost roommates $400 a month. Sure hope Fayetteville police are up to the task.