Developers are headed to the Fayetteville City Council Thursday night to seek tax breaks for a proposed senior housing development near the city’s downtown.
HearthSide Lafayette would feature 125 one- and two-bedroom rental apartments at the intersection of Meeting Place Drive and West Lanier Avenue.
Plans call for a 4-story building totaling 163,259 sq. ft. that would include 125 senior apartments. The building, constructed using EarthCraft standards, would be situated across from the Hampton Inn.
The building would face Meeting Place Drive, directly across from the Hampton Inn. Landscaped and garden areas would be located in the rear of the building.
Included in the proposal is the installation of a street on the north side and a portion of the west of the building that extends to the west and intersects with Lafayette Avenue.
Developers will ask the City Council to designate the project in the Tax Allocation District. The district is used to encourage development that would be more feasible with the tax breaks.
The developer is asking for a 20-year “pay as you go model.” The developers are seeking $2.6 million in funds over 20 years, which represents 10 percent of the property’s estimated $26 million investment in the city.
In other action, the city will be introduced to the newest member of the police department’s K-9 unit, Finn. Officer Josh Reviere and Finn just completed their training.
The city will also look at approving a Tidal Car Wash on Ga. Highway 85, where the old Shoney’s restaurant was located. The issue has produced controversy for the City Council for more than two years.
Tidal Wave owner Scott Blackstock continues to want to construct a 3,250 sq. ft. structure on the 1.3-acre site on the west side of the intersection..
The proposal is requesting a special exception to establish the business on the property.
