Council OKs rezoning for condos off Petrol Pointe —
What’s the state of Peachtree City in early 2021? Pretty good, considering, Mayor Vanessa Fleisch said in her annual address before City Council Jan. 21.
“Through many issues, trials and travails, yet we as a city got through very well, all things considered,” Fleisch said last Thursday.
Despite a Covid-blasted economy since the first quarter of the year, “Our finances are the strongest they’ve been in 20 years,” Fleisch said, following the city’s “prudent” budget adjustments made beginning last March as the pandemic began affecting the city and the state.
The council has been “reinvesting in Peachtree City,” Fleisch said, resulting in the city returning to its status as the “place to be on the southside of Atlanta.” She referenced repaving city streets and close attention to maintaining infrastructure like sports venues as examples of reinvestment.
In what she called her last state of the city address, Fleisch touted the rebound of commercial vacancy rates: 6.7% for retail, 9.6% for office and 2.3% for industrial properties, “which is very good,” she said.
As for residential property values, Fleisch — a real estate agent herself — said that the average sale price of a home in Peachtree City in 2020 was $458,846, while the median price was $400,000. Median means half were above and half were below that mark.
She noted that “this is an election year in Peachtree City,” with two council positions and the office of mayor on the November nonpartisan ballot.
“This is my last time addressing you as term limits prevent me running again,” Fleisch said. She has served on the council and has served two terms as mayor.
Also on the Nov. 5 city ballot will be two council seats: Post 3, now held by Kevin Madden, who is serving in his first 4-year term; and Post 4, now held by two-termer Terry Ernst, who is term-limited from running again.
In other action Jan. 21, the council approved a rezoning to allow 20 high-end condominiums and four live-work condos in the mixed use development at 105 Petrol Point.
The change to the Limited Use Commercial (LUC-32) “replaces 10 single-family lots in the southwest corner [of the 8.8 acre tract] with two condominium buildings, each 3 stories with 10 … units, 2 ground-level live-work units, and underground covered parking,” the council packet said.