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“This
site, prominently located at I-85 and Highway 34, offers
more frontage and visibility to main travel arteries than
any other land parcel in the area,” said R.C. Patel, CEO of
Diplomat Companies. “We’re creating a lifestyle development
– a master-planned community of buildings that are carefully
designed to work together, while blending into their natural
setting.”
Construction will begin by the end of 2007, with the first
buildings scheduled for occupancy within a year.
“Newnan
Village Crossing is a major economic commitment – the right
project in the right location at the right time,” explained
Marty Kennedy, chairman and CEO of Kennedy Capital Group.
“We’re very bullish on the impact this development will have
on enhancing the region’s already strong residential,
commercial, and employment profile.”
Both
Diplomat Companies and Kennedy Capital Group have
considerable real estate development experience throughout
metro Atlanta. For example, Kennedy Capital Group recently
announced its partnership in a large, mixed-use development
in the Avondale area of Atlanta and construction is also
underway on several residential projects in Buckhead,
including East Club
and 58 Sheridan.
Diplomat
Companies has developed high-profile commercial buildings,
such as 218 Peachtree and The Carnegie Building
in downtown Atlanta; mixed-use projects such as the
Airport Gateway Center on Virginia Avenue near the
airport; condominiums such as Hillside at Lenox in
Buckhead; and office buildings such as the Horizon Center
on Sugarloaf Parkway.
“While
Diplomat and Kennedy are the master developers for this
project, we are receptive to inviting select joint venture
partners to join us,” added Patel. |
