$80 million project pitched for PTC

An artist’s rendering of the proposed Calistoa Lake McIntosh project that developers call “Serenbe meets Pinewood Forest.” The 37-acre tract would feature more than 360 multi-family units, along with 50-60 single family homes, along with 8,000 sq.ft. of retail space.

Is Peachtree City ready for “Serenbe meets Pinewood Forest”?

That’s how developer Jason Pace describes a proposed development that Pace Lynch and Crescent Communities will soon pitch to the Peachtree City Council.

On Feb. 21, the developers sent a request to the city to drop the moratorium on multi-family use, so the developers could build a mixed-use proposal unlike any seen in Peachtree City.

The 37-acre tract is next to Planterra Golf Course and backs up to Lake McIntosh. It’s currently zoned General Industrial, but Pace believes the site offers an extraordinary opportunity for the city to redevelop and lure the coveted millennial group to the the area.

The development would feature more than 360 multi-family units, along with 50-60 single family homes.

“This development would be luxury by choice,” Pace said.

The development would also feature 8,000 sq.ft. of retail space, and offer a multi-generational appeal.

“When they were developing Avalon in Alpharetta, they had no idea that older residents would also find it attractive,” Pace said.

The development could not be at a better location for a work-live-play development since it borders so many corporations, Pace added.

He estimates buildout of the project at $80 million with a two year construction estimate.

According to the company’s press release, Calistoa Lake McIntosh will feature residential offerings that are inspired by the modern farmhouse, showcasing historically-rooted architecture with modern flair. From apartments in five-story elevator buildings to cottages and village single-family homes with front porches for socializing with neighbors, Calistoa offers a mix of for-sale and rental housing for millennials, families, and empty-nesters alike.

The press release said outside of the home and office, the Village Green will feature restaurants, small shops, and outdoor movies on a park with views of Lake McIntosh and Falcon Field. The development would be similar to many along the 30A corridor in northwest Florida.

“Pace Lynch and Crescent Communities are currently in preliminary conversations with interested local restaurants and breweries. Residents will also have the opportunity to take advantage of the Vista Terrace, a two-story amenity building, which will offer a co-working space, coffee bar serving Land of 1000 Hills Coffee (an Atlanta-based coffee company), saltwater pool, gym, yoga/stretch room, outdoor grills, communal fire pits, and a pizza oven. Natural highlights include the panoramic vistas of Lake McIntosh, as well as neighborhood parks and green spaces. Walking trails and paths link all parts of the master plan, creating a highly connected community,” read the release.

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