Promenade at Newnan Crossing, a 298-unit apartment community with a mix of three-story buildings, “manor-style” rental homes and for-rent townhomes on approximately 24.3 acres, has welcomed its first residents.
The gated community includes a game room, clubroom, fitness center, pool, outdoor grilling, bocce ball court, community garden, bike storage and a dog park. Residences feature top-of-market finishes. The property has detached garages available for lease and convenient package delivery lockers. Novare Group is leading the development with partners PointOne Holdings Development and Batson-Cook Development Company (BCDC).
“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.”
The mixed-use development has 12 rental townhomes fronting a community plaza; 94 “manor-style” units; and 204 traditional apartment residences. The studios, one-, two and three bedroom residences will all feature condominium-style, high-end finishes such as stainless steel appliances, granite counter tops, designer-style cabinetry and hardwood-style plank flooring.
Promenade at Newnan Crossing has direct access to the LINC trail, a 25.5 mile multi-use pedestrian pathway connecting the entertainment and commerce hubs.
The location is in close proximity 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.
About Novare Group
Novare Group is a real estate development and investment company headquartered in Atlanta, Ga. Since 1992, Novare Group has developed over 14,000 residential units across a variety of product types across the southern and western United States.
About PointOne
PointOne Holdings Development is a private equity investment platform with a highly differentiated strategy, proven track record and in-depth knowledge of its target markets. Composed of highly skilled real estate professionals and entrepreneurs with a unique ability to originate, structure, underwrite and operate multifamily properties, its core principles are founded on precise investment selection, thorough due diligence, creative deal structuring, strong financial management and proactive and responsive communication. Our principals are seasoned real estate professionals with more than 40 years of combined experience who, collectively, have conducted more than $1.2 billion in real estate transactions.
About BCDC
Founded in 1963, Batson-Cook Development Company is a wholly owned subsidiary of Kajima USA. It is a fully integrated real estate organization providing development and capital solutions primarily through partnerships on commercial real estate projects in the Southeastern United States. Based in Atlanta, Georgia Batson-Cook Development Company offers a wide variety of real estate services from development and construction, to equity and credit enhancements, to brokerage and property management.
