Businessman Dar Thompson’s residential and retail proposal at Lexington Circle received approval by the Peachtree City Council on Aug. 18 on a 4-1 vote.
The vote on the Lexington Circle residential and retail proposal after the public hearing was 4-1, with Councilman Mike King opposed and suggesting that a negotiation to have 50 units rather than the projected 80 units be discussed.
The proposal was to construct a four-story retail and residential building with a maximum of 80 condo units with a starting price of $350,000 and geared to empty-nesters. The residential units would be situated on the top three floors of the building.
Thompson representative, former Fayette County Commission attorney Scott Bennett, said a maximum of 80 residential units would range from 1,200-1,800 sq. ft. All units will be for sale, he said, adding that the starting price of a fee simple condo in the $22-24 million project would be $350,000.
Thompson in the most recent proposal reduced the size of the property’s footprint from 4.8 acres to 3.5 acres, with the building situated on the northernmost portion of the property.
The proposal received an unfavorable response from the Peachtree City Planning Commission in June.
A more detailed account of the agenda item will be provided in the Aug. 24 edition of The Citizen.