Development Team Opens 298-Unit Newnan Crossing Apartment Community in Atlanta Sub-Market

MultiFamilyBiz.com

ATLANTA, GA – Promenade at Newnan Crossing, a Class-A 298-unit multifamily community, has opened its doors to residents to begin immediate move-in.

Located in the metro Atlanta city of Newnan, Georgia, the development— a product of a partnership between South Florida-based firm PointOne Holdings, Novare Group and Batson-Cook Development Company — inaugurated earlier this month.

The rental properties include one, two- and three- bedroom units as well as townhomes with garages. The residences are built on a 24- acre gated community that includes a high-end resident clubroom, state-of-the-art fitness center, resort-style pool, area for outdoor grilling and a dog park.

Promenade at Newnan Crossing is part of Village Square at Newnan Crossing, a 123-acre mixed-use development connecting offices, retail and walking trails at the intersection of Newnan Crossing Boulevard East and Lower Fayetteville Road in Newnan. The community provides residents with a truly walkable, interconnected community containing an exciting mixture of retail, office, restaurant and residential space.

“An important component of our strategy at PointOne Holdings is to provide our residents high-quality communities, with best-of-market amenities at great value,” said Leo Peicher, Principal at PointOne Holdings. “Newnan Crossing embodies this vision and strategy, and we couldn’t be more proud of the outcome.” The location also offers direct access to the I-85 interstate corridor as well as convenient access to approximately 1.7 million square feet of grocery, retail and dining and entertainment space including two marquee shopping centers; the Forum at Ashley Park and the Newnan Pavilion.

“We are excited to open the doors of Promenade at Newnan Crossing,” said Jim Borders, President and CEO, Novare Group. “It has many homes facing the promenade and others facing wide-open green spaces and public lawns. Unique to this market are the ‘manor-style’ residences, which offer residents direct access private garages. With other market-leading amenities, our partnership has delivered a community we are proud of for our residents and a great addition to Newnan.”

Newnan is also in close proximity to Atlanta, which ranks tenth in US GDP and top 5 in Fortune 500 headquarters. Further contributing to the job growth and economic prosperity, the city has seen the relocation of US headquarters for Mercedes Benz as well as the development of large employment centers for both State Farm and Google.

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