for sale | 5.5 acres 57 e broad street, newnan ga ......newnan bypass east (us29/ sr 14)...
TRANSCRIPT
www.ngkf.com
FOR SALE | 5.5 ACRES57 E Broad Street, Newnan GADowntown Newnan Redevelopment Opportunity
Mike Warren Senior Managing Director 770.552.2462 [email protected]
COMMERCIAL MIXED-USE MULTI-FAMILY
DowntownDowntownNewnan
Bullsboro Road
E Broad Street
85
Poplar Road
Lower Fayetteville Road
PLANNED ROAD IMPROVEMENT
I-85 POPLAR ROAD INTERCHANGE
EXIT 49
Part of Downtown Development Overlay Area supported by local offi cials and community
Major road improvements under construction for increased accessibility
3 major hospitals located within 5-mile radius; new emerging medical infrasture
Newly established University of West Georgia - Newnan Campus in downtown Newnan
Centrally located approximately 30 minutes south from the Atlanta airport, as well as north of Kia’s state-of-the-art manfacturing plant in West Point, GA
KEY DEVELOPMENT HIGHLIGHTS
PROPERTY SUMMARYSIZE
5.5 ACRES (EXPANDABLE)
LAND
239,580 SF
LOT DIMENSIONS
410’ X 700’ (APPROX.)
ZONING
MIXED-USE DISTRICT (MXD-1)DOWNTOWN DEVELOPMENT OVERLAY (DDO)
FRONTAGE ON E. BROAD STREET
410’
POPULATION (2020)
>60,000 (5-MILE RADIUS)
AVG. HOUSEHOLD INCOME (2020)
± 72,000 (5-MILE RADIUS)
NOTES
FORMER R.D. COLE PLANT, ACROSS FROM HISTORIC RAIL DEPOT AND NEWNAN LOFT CONVERSION (MULTI-FAMILY)
E Broad Street
5.5 ACRE REDEVELOPMENT
SITE
Perr
y St
reeteet
CityCitySquareSquare NeNe
Cole Town Cole Town Historic Historic DistrictDistrict
SITE
www.ngkf.com
McRITCHIE-HOLLIS
MUSEUM
WADSWORTHAUDITORIUM
CITY SQUARE /
COURT HOUSE
North
South
EastWest
AUGUSTA DR
COCHRAN ST
AN
DR
EW
ST
Atla
nta
& W
est P
oint
Rai
lroad
COTTON MILLHISTORIC DISTRICT
GREENVILLE AND LAGRANGEHISTORIC DISTRICT SUPERIOR
COURT
COLE TOWNHISTORIC DISTRICT
HISTORIC TRAINDEPOT
POSTOFFICECITY
HALL
COLLEGE TEMPLEHISTORIC DISTRICT
LYNCH PARKAND POOL
PLATINUM POINTHISTORIC DISTRICT
FOR SALE | 5.5 ACRES57 E Broad Street | Downtown Newnan Redevelopment
CITY OF NEWNAN
LOCATION
40 MILES SOUTHWEST OF ATLANTA
SIZE
19.5 SQUARE MILES
POPULATION GROWTH RATE
> 103.4% (2000-2010)
NO. OF DISTRICTS
6 HISTORICAL DISTRICTS
HISTORICAL DISTRICTS
COLE TOWN COLLEGE-TEMPLE DOWNTOWNGREENVILLE-LAGRANGENEWNAN COTTON MILL AND MILL VILLAGE PLATINUM POINT
CITY SQUARE / COURTHOUSE
9-SQUARE BLOCK DISTRICT FEATURING SHOPPING, RETAIL AND PUBLIC EVENTS/SERVICES
Downtown Historic District
Subject Property
Proposed Road
Railroad
1
2
3
Andrew Street extension connecting Bullsboro Drive to Savannah Street (Planning Stage)
Future Andrew Street at Bullsboroo Drive (Traffi c Light Intersection)
Bicycle and Pedestrian Facilities Plan to provide a more walkable and bike-friendly environment within the downtown (Proposed)
Newly established UWG Newnan campus in downtown Newnan
LOCAL AWARDS/ACCOLADES
ECONOMIC DEVELOPMENT AWARD WINNER, GEORGIA DOWNTOWN ASSOCIATION (2014)
PROMOTION AWARD WINNER, DONUT DAY EVENT – GEORGIA DOWNTOWN ASSOCIATION (2014)
NEWNAN NAMED TOP 10 BEST CITIES FOR YOUNG PROFESSIONALS NEAR ATLANTA
NEWNAN-DOWNTOWN – GREAT PLACES IN GEORGIA AWARD – GEORGIA PLANNING ASSOCIATION
EXCELLENCE IN REHABILITATION, THE GEORGIA TRUST (2009)
BEST OLD HOUSE NEIGHBORHOODS (2009)
DISTINGUISHED BUDGET AWARD (25 YEARS IN A ROW)
3
DOWNTOWN NEWNAN HIGHLIGHTSCity of Newnan Downtown Master Plan features several street/road improvements including:
2
1 Public Safety Complex (Completed 2015)7-acre site | 41,000 SF | $8.7 million state-of-the-art facilityNewnan Police Department Headquarters University of West Georgia-Newnan (Phase I Completed 2015)51,000 SF | $15 million budget | 176 jobs created | $21 million economic impact500 students (current enrollment) | 3,500 students (projected enrollment)Former Historic Newnan Hospital (Piedmont Hospital) Phase II Expansion (TBD)
Newnan Lofts (Completed 2000)13 acres | 200,000 SF cotton mill (1875) | 145 loft apartments | 27,000 SF retail | +45,000 SF greenspaceMixed-Use RedevelopmentNational Historic Register, Historic Tax Credit Project
UWGNEWNAN
PUBLICSAFETY
COMPLEX
NEWNANLOFTS
SITE
Mike Warren Senior Managing Director 770.552.2462 [email protected]
www.ngkf.com
REGIONAL AREA MAPMetro-Atlanta | Southwest | Newnan
DISTANCES MILES MINUTES
NEWNAN TO AIRPORT 27.6 26.0
NEWNAN TO PEACHTREE CITY, GA 9.5 14.0
NEWNAN TO LA GRANGE, GA 32.4 30.0
NEWNAN TO COLUMBUS, GA 72.6 60.0
AtlantaAtlanta
NewnanNewnan
La GrangeLa Grange
ColumbusColumbus
Senoia
Fayetteville
SenoiaSenoia
FayettevilleFay t vFayettevillePeachtree CityPeachtree City
2
1
Hartsfi eld-Jackson International Airport
Kia Plant (Completed 2009)1st manufacturing plant in North America for KiaInclude a 70,000 SF training center2.2 MSF, 2,200 acres, $1.2 billion plantFull Capacity – 360,000 vehicles per year>3,000 workers, 5,000 – 7,000 jobs created$400 million in incentives$4 billion economic impact per year“Large Manufacturer of the Year” (2012) – 500,000th vehicle
Fort Benning (Established 1918)Home of the Infantry – 6th largest installation in U.S.182,000 acres, >120,000 active military annually>30,0000 current active military, >11,000 civiliansU.S. Maneuver Center of Excellence (2011)Armor School (Relocated from Fort Knox in 2011)Total economic impact – >$5.5 billion
2
1
MANUFACTURINGPLANT
FORT BENNING
Mike Warren Senior Managing Director 770.552.2462 [email protected]
www.ngkf.com
LOCATION OVERVIEW MAPNewnan | Fayetteville
6
1DowntownDowntownNewnanNewnan
Ashley Park
1
Pinewood Studios
6
5Piedmont Newnan Hospital
5
CTCA Hospital
2
23
4Newnan Centre For Health
3
Health South Rehabilitation Hospital
4
Peachtree CityPeachtree City
Mike Warren Senior Managing Director 770.552.2462 [email protected]
Cancer Treatment Centers of America at Southeastern Regional Medical Center (Opened 2000, Expansion 2014)350,000 SF | 103 acres121,481 SF | $48 million expansion50 beds | 25 inpatient rooms | >200 physiciansTop 10 Economic Development Projects in GANearly $900 million in economic activity
Open-Air Regional Lifestyle Shopping Center (Opened 2006)850,000 SF | 3 anchor tenants | > 35 tenants
BELKDILLARD’SREGAL CINEMASBARNES & NOBLES
DSWDICK’S SPORTING GOODS
Film/Entertainment Studieo Complex (Opened 2014)700 acres, 11 stagesPhase I 400,000 SFPhase II 480,000 SF (Current Expansion)ANT MANCAPTAIN AMERICA: CIVIL WAR
GUARDIANS OF THE GALAXYPASSENGERS
Planned Medical Offi ce Building Campus Complex (Pre-Development)250,000 SF | 25-acre siteBatson-Cook Development and Ackerman Medical
Inpatient rehabilitation hospital(Opened 2014)53,000 SF | $22-million50-bed hospital>125 jobs created
Piedmont Healthcare Facility (Opened 2012)362,000 SF136-bed hospital>900 staff, >300 physicians
www.ngkf.com
DOWNTOWN NEWNAN REDEVELOPMENT OPPORTUNITYRoadway Improvements Map
E Broad Street
NEWNAN BYPASS EAST (US29/ SR 14)
ENGINEERING/RIGHT OF WAY
$16.7 MILLION (2015-2017)
29
DowntownNewnanNewnan
Bullsboro Road
85
Poplar Road
EXIT 49(COMPLETION
2018)
POPLAR ROAD
EXIT 47BULLSBORO
ROAD
NEWNANPEACHTREE CITY
INTERCHANGE
Mike Warren Senior Managing Director 770.552.2462 [email protected]
Lower Fayetteville Road
oplar Road
Bullsboro Road
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Ex I-85 @ POPLAR ROAD
5 TRAFFIC SIGNALS, NEWNAN
CROSSINGS BLVD
>$20 MILLION(2015-2017)
New
na
n Cro
ssin
gs B
lvd
McIntosh Pkwy
LOWER FAYETTEVILLE ROAD INTERSECTION
IMPROVEMENTS
WIDENING OF 2-4 LANES
>$1.3 MILLION
MCINTOSH PARKWAY EXTENSION
>6.9 MILLION(2017)
www.ngkf.com
COMMERCIAL MIXED-USE MULTI-FAMILY
DOWNTOWN NEWNAN REDEVELOPMENT OPPORTUNITY57 E Broad Street, Newnan GASite Plan
Mike Warren Senior Managing Director 770.552.2462 [email protected]
www.ngkf.com
Concept CConcept C embraces the opportunity of extending Andrew Street (between Bullsboro Drive and E. Broad), pulling the new street through this site to terminate at Salbide. Given the site’s existing limited street frontage to the north and south, proximity to the CSX railroad line to the east and adjacency to the rear of commercial parcels to the west, addition of a new street through the site creates more opportunity for additional street frontage and helps better-buffer adjacent uses. In this scenario, new mixed-use development would create retail frontage along E. Broad, adaptively re-use historic buildings within the northeast sector of the site and create a mix of two and three-story attached residential buildings fronting the new street. Off-street parking would be within a new three-level parking “tray”, with a ground fl oor accessed via the new street and the upper fl oor accessed via a new connection to the west. There is also opportunity for the structured parking to include a mix of both private and public parking (possibly on dedicated fl oors), depending on future public parking demand.
COMMERCIAL MIXED-USE MULTI-FAMILY
DOWNTOWN NEWNAN REDEVELOPMENT OPPORTUNITY57 E Broad Street, Newnan GAConceptual Plans
Mike Warren Senior Managing Director 770.552.2462 [email protected]
www.ngkf.com
SUMMARY
RETAIL ± 30,000 SF
RESIDENTIAL ± 318 units
PARKING ± 600 spaces
4-story residential Ground-level retail Parking Deck (on-site) Green space
KEY CONCEPTUAL HIGHLIGHTS
COMMERCIAL MIXED-USE MULTI-FAMILY
DOWNTOWN NEWNAN REDEVELOPMENT OPPORTUNITY57 E Broad Street, Newnan GAConceptual Plans
Mike Warren Senior Managing Director 770.552.2462 [email protected]