for sale | 5.5 acres 57 e broad street, newnan ga ......newnan bypass east (us29/ sr 14)...

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


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


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


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


Lower Fayetteville Road

oplar Road

Bullsboro Road

road StreetBroBr

And

rew

St

Exte

nsio

n

EE BEEE BBB

An

An

An

An

Anddd

rdrdrdrewewewewew

SSSSStttt

AAAAAAAAAA Exte

nsi

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


DOWNTOWN NEWNAN REDEVELOPMENT OPPORTUNITY57 E Broad Street, Newnan GASite Plan


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.


DOWNTOWN NEWNAN REDEVELOPMENT OPPORTUNITY57 E Broad Street, Newnan GAConceptual Plans


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


DOWNTOWN NEWNAN REDEVELOPMENT OPPORTUNITY57 E Broad Street, Newnan GAConceptual Plans


for sale | 5.5 acres 57 e broad street, newnan ga ......newnan bypass east (us29/ sr 14)...

Documents