This fall, the Cobb Board of Commissioners is expected to consider a zoning request for a $200 million senior residential development proposed by Isakson Living, a firm with family ties to U.S. Sen. Johnny Isakson.
Kevin Isakson of east Cobb, the senator’s son and marketing director for Isakson Living, said his firm has a 53.7-acre property on Roswell Road adjacent to East Cobb Park under contract to develop a 987-unit senior community.
Construction could begin next summer at the earliest with the first part of the development to possibly open in the spring of 2016. One-, two- and three-bedroom homes for seniors ages 62 and older are planned in four-story buildings. Homes will range from 1,800 square feet to 2,500 square feet.
Isakson anticipates 240 homes will be built in the first phase, complemented by about 75,000 square feet of amenity space for dining, fitness and other activities. The plan is for a 10-year build out.
The model Isakson Living is using is similar to the 398-unit senior development it built in Stone Mountain in 2004 called Park Springs.
The property is under contract with owner Wylene Tritt, who has lived there for 60 years.
“She has a beautiful piece of property and preserving that beauty is important to us not only as an amenity for those that will live in our community, but also for the surrounding area,” Isakson said.
Of the 53.7 acres, 21.5 acres will be undisturbed green space, he said.
“What’s enabling us to do that are certain elements of going to four-story buildings,” Isakson said. “We’re also putting our parking underground. It allows us to locate the community in the center of the property, which affords us the opportunity to provide pretty substantial buffering to the adjoining property owners.”
The plan is to build 837 independent living units and 150 health care units over the next 10 years, enhanced by dining, activities, entertainment, fitness and wellness.
There also will be on-site health services including assisted living, memory care and skilled nursing, Isakson said.
Commissioner Bob Ott, who represents the area, said he’s closely studying the proposal.
“Obviously it’s a very large project, but I think to address some of people’s concerns the developer has agreed to go out and meet with all the surrounding neighborhoods, providing everyone with the information they need, and also, since it’s proposed to be a 10-year build out, I think there’s less of a risk of ending up with the green pipes sticking out of the ground.”
Isakson said pricing has yet to be set.
“Residents pay an entry fee that equates to the value of that home, and will receive 90 percent of the entry fee back when they move out,” he said. “They don’t technically take title to the home. They have all the benefits as if they were the owner just none of the headache that comes with it.”
Isakson said over the coming months he will meet with area home owner associations to answer any questions.
County Chairman Tim Lee said east Cobb has a need for a senior residential development of this size.
“There is significant demand for that type of place,” Lee said.
Lee also believes the community will support the proposal once residents have a chance to review it.
“I think they will,” Lee said. “When we sit down and look at the whole package of where it’s located, the amount if green space that’s being maintained, the buffers being provided, the quality of the construction, you know, Kevin Isakson does a great job, so the quality of the construction will be there. It’s right next door to East Cobb Park, so it’s in a perfect place; it fits a need that’s growing in Cobb County, especially in the east Cobb area.”