The Peachtree

City Council will consider Thursday night whether to lift its moratorium

on multi-family zoning so Bob Adams Homes can make significant changes

to the Lexington Park/Lexington Circle development at Ga. Highway 54 and

Walt Banks Road.

The developer

wants to add 260 multi-family lofts, which are included in new plans submitted

to the city Oct. 5. The additional lofts are among a number of changes

that are being sought to make the project more economically viable, according

to city officials.

Currently,

the 73-acre tract is zoned limited-use commercial, but the changes are

so significant that a rezoning might be required.

The 260 lofts

would bring the total loft square footage up to 230,000 compared with

the previous plan for just 80,000 square feet.

Bob Adams Homes

is also asking for an additional 69,000 square feet to designate as "live-work"

space "where people may work, live or do either or both within the

space that they lease or own," according to the letter. Those areas

would be either two-story buildings or the second story over retail or

office space, the letter indicates.

The company

also plans to cut the total amount of retail space by almost one-half

to just 137,000 square feet, which includes a proposed supermarket and

drugstore, neither of which have been confirmed yet, according to Perlman's

letter.

Bob Adams Homes

also wants assurances regarding the maximum allowable size of its retail

buildings in light of the city council's exploration of limiting large

retail buildings with the big box ordinance.

The company

is requesting that its largest commercial tenant have a footprint of no

more than 50,000 square feet, its second largest be no more than 40,000

square feet and its third largest be up to 32,000 square feet.

The amount

of office space would almost be cut in half from 80,000 square feet to

42,000 square feet, according to the company's proposal.