Development
of the northwest corner of Walt Banks Road and Ga.
Highway 54 has been consolidated, and both the city and
the developer think it's a good move.
Not long
after getting approval for a 20-acre residential
development on the edge of the site, Bob Adams has
secured control of the entire 73 acres that was once the
property of five separate landowners.
"It
became apparent that the entire 73 acres would have to be
under one owner to work," Adams said of his decision
to pursue the entire tract. "Having five landowners
can't work when all are not getting the same thing."
He got the
land under contract about three weeks ago and is now
looking closely at the master plan drawn up this summer
of the city.
The initial
residential development, Lexington Park, has already
received conceptual site plan approval from the city and
is now in the engineering stage. It is expected to
contain 62 residential lots and a small lot for office
space.
Development
at Lexington Park should begin in November, Adams said,
with home building set to start up in May.
The plan
for the entire 73 acres, as drawn up by the Hilton Head
firm, contains a mix of office and retail uses in some
buildings, with one on the floor above the other. Adams
is looking around the metro Atlanta area to see where
this mix has been done already, to find out the pros and
cons of such a development.
The
commercial sector is being called Lexington Circle, in
reference to the circle drive that would run through the
middle of it. A portion of the Lexington Park site plan,
presented to the city before Adams secured the entire
tract, left room for a connection to the rest of the
tract in case the master plan were adopted.
One of
Adams' biggest concerns is making sure that the master
plan works financially, especially since the land is such
a huge investment in and of itself.
If all goes
according to plan, development of Lexington Circle would
begin in May, with construction set for late summer.
Mayor Bob
Lenox said recently that, after months of task force
meetings and such, there really is no official action for
the city to take at this point. "The ball is in Bob
Adams' court," he said.
Lenox added
that Peachtree City is pleased to be working with a
developer who is so familiar to city officials. Adams
agrees that this is an advantageous situation for all
involved.
"The
city has done a good job of getting everybody
together," said Adams. "They have a track
record with me. They'd rather deal with one entity that
can communicate what they want."







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