PointOne Holdings and Partners Announce the Development of Newnan Crossing Apartments
MARCH 14, 2018
We are pleased to announce that PointOne Holdings, along with its partners, The Novare Group and Batson-Cook Development Company, have initiated the development of a Class-A 298-unit multi-family project which will contain a mix of three-story apartments and for-rent townhomes and will be located in the metro Atlanta city of Newnan, Georgia.
The development will be part of a 123-acre mixed-use master development that will provide the Project’s residents with a truly walkable, interconnected community containing an exciting mixture of retail, office, restaurant and residential space. The LINC, a city-approved 25.5 mile multi-use pedestrian pathway connecting the entertainment and commerce hubs, will run directly through the project and will be adjacent to the apartment community.
Please click here for a copy of the official press release.
“We are extremely excited about the development project and our partnership with Novare, a skilled and experienced developer of multifamily properties” said Leo Peicher, a PointOne Holdings Development managing member. “This project provides us the opportunity to grow our multifamily portfolio, and it aligns with PointOne’s strategy to focus on owning and operating newer, high-quality properties in strong suburban submarkets with limited new-starts, good schools and strong centers of employment.”
“We are thrilled to be underway on our next great town center project with Newnan Crossing,” said Jim Borders, President and CEO, Novare Group. “We have put together an experienced team to deliver a community that will lead the market and be unlike anything in the area. With all of the momentum around this region and with this centrally-located site, this is an exciting place to be right now.”
The location 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.
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