Lexington Circle,
the commercial element of a mixed use development underway on Highway
54 East in Peachtree City at Walt Banks Road, may soon lock in its first
major tenant.
CVS Pharmacy
has expressed an interest in locating there and company officials have
been revising that plan informally with city staff. The plan was brought
to the Planning Commission's attention during a workshop at its meeting
Monday night.
Store officials
originally submitted a plan for the store to be located well off the main
entrance road to the complex. But that development was approved with a
different concept: buildings located right up against the street with
parking behind the buildings, said Jim Williams, the city's director of
developmental services.
City Planner
David Rast said the commercial developer, Metro Development from Atlanta,
has expressed a willingness to change the plan as long as the commission
was okay with the change; the commission has not yet been formally presented
the plan for the building.
Williams said
the outcome of the CVS store is crucial since it will be the standard
for other commercial developers in Lexington Circle.
The zoning
approved last year by the City Council limits the amount of retail space
to 137,000 sq. ft. It also caps the maximum size of a retail store at
50,000 square feet.
A number of
other commercial buildings in the development will have loft-style residences
on top. Including the lofts and townhomes, there will be up to 160 residential
units in the commercial complex, which was included in the Limited Use
Commercial rezoning for the property.
The plan for
Lexington Circle was originally designed by a planning firm hired by the
city. It has been tweaked since then by the developers, however.
Construction
in the adjacent subdivision is already underway, according to Bob Adams
of Bob Adams Homes.
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