PTC approves 80-unit loft  development

PTC approves 80-unit loft development

lofts
Artist’s rendering of the Lofts at Lexington.

Calling it a potentially key part of a walkable community, the City Council of Peachtree City on Thursday evening approved the rezoning needed for the much-discussed lofts and retail development at Lexington Circle.
The Lofts at Lexington would be a four-story, multi-family residential and commercial development with basement-level parking across Lexington Circle from World Gym to the east and across from the Governor’s Row single-family subdivision to the west. The plot where it would be built is currently vacant and undeveloped.
The planning commission had voted not to support the initial proposal of up to 100 units on 4.88 acres. Scott Bennett, representing the developer High Sierra Investments, presented a modified request to council that would instead be for a maximum of 80 units on roughly 3.5 acres.
Bennett called it a high-end, upscale condominium development done in loft style that would be geared towards empty nesters and those who are more interested in a yard maintenance-free residence. With a starting price around $350,000 per unit, Bennett said it would likely not be an attractive type of development for young families with children.
Much of the council was in support of the scaled-down project.
“Where it’s located is a good fit for the city,” said council member Phil Prebor, who noted he knew several people who are looking for an option such as this to stay in Peachtree City, but that it does not yet exist. “They’re looking for places that have those close-by amenities that you can walk to.”
“I think this is a much-needed project that is going to have interest from people who don’t want to leave Peachtree City,” said council member Kim Learnard. “I believe these would sell for top dollar in a snap. It’s a unique, smart development that fits in with a walkable community.”
Learnard also pointed out that this development would likely be a better fit than whatever else could come down the pike in its place if it were rejected.
“Something is going in there. Either it will be this development, or it will be something else,” she said. “To decline this development would leave us with a terrible unknown that could leave us with even worse concerns.”
Mayor Vanessa Fleisch agreed that this would be better for the nearby residents than a purely retail development.
“I truly believe that commercial would be far more intense,” said Fleisch. “I’m inclined to go with this, now that it is scaled down.”
Council member Terry Ernst agreed.
“This is the right time to say let’s give this a shot,” he said.
Several residents spoke against the development, including a representative for three families on adjacent property saying that their homes were purchased a decade ago, and they did not envision a five-story building looming over their properties when they bought them.
The request for rezoning would pass 4-1, Mike King voting against. Council member King noted that he liked the idea of the project, but was not comfortable with the density of it, instead asking for a compromise maximum of 50 units.

Christopher Dunn

Managing Editor Christopher Dunn has been with the Fayette County News since 2011, in addition to running Fayette Victory magazine. He is a graduate of Fayette County schools, as well as a graduate of Georgia State University with a degree in journalism. Follow him on twitter @fayettesports.