The Cobb Planning Commission approved Monday a $100 million development containing 236 condos, 14 three-story townhomes and a 10-story office building containing 200,000 square feet of space. It hasn’t gotten the full go-ahead yet, though, because it must be approved by the Board of Commissioners.
Commissioners will vote to approve or reject the project at 9 a.m. Sept. 17 at 100 Cherokee St.
Construction could begin as soon as the project receives approval with a targeted finishing date of spring 2015.
The unnamed development is proposed for a 7-acre tract at the intersection of Cobb Galleria Parkway and Cumberland Boulevard and falls within the boundaries of the Cumberland Community Improvement District, a self-taxing district that aims to improve the area.
Condos and townhomes will be rented until market conditions lend more toward sales, according to an attorney for the North Carolina-based developer.
Mason Zimmerman, CCID board member, says housing options have long been needed in Cobb’s most urban neighborhood.
Cumberland “is the place for high-density development because it has the amenities, it has the infrastructure, it has the daytime population,” Zimmerman said. “It is on par with Perimeter, Midtown and other areas that are high-density regional activity centers.”
It’s not the only housing project planned. Several are underway, Zimmerman said, and more will come before the planning commission soon.
He says the area is beginning to “evolve and mature” and is becoming more of a community.
Bob Ott, who represents the area on the Board of Commissioners, wouldn’t say how he’ll vote when the issue comes before the board but said he agrees Cumberland needs more housing.
“For Cumberland to thrive … we have to have people living there,” Ott said.
With close proximity to downtown Atlanta and the home of big namesakes like Home Depot and The Weather Channel, Ott says it’s the place in Cobb to have a more urban atmosphere.
The development’s 250 apartments, 200,000-square-foot office building and 5,000-square foot retail space will be a “gateway to Cobb,” said John Moore, attorney for Charlotte, N.C.-based developer Crescent Communities, which is doing business as Riverview Office LLC for this project.
“We haven’t seen a project proposed in Cobb County certainly over the last seven or eight years of this magnitude, and it’s good to see something like this happening,” Moore told the planning commission.
Other projects that were proposed for Cumberland fell victim to the Great Recession and still haven’t taken off, said Michael Terry, planning commission member. But he’s optimistic about this one.
“This is going to be the exception, we think,” Terry said.