PEACHTREE CITY, Ga. (February 21, 2019) – On Thursday, February 21, Crescent Communities and Pace Lynch took a significant step in seeking approvals to develop Calistoa Lake McIntosh, submitting an initial site plan and request to Peachtree City Council to lift the development moratorium. The goal, once this project gets underway, is to create a mixed-use destination that provides walkable access to retail, dining and nature, set against the spectacular backdrop of Lake McIntosh.
“Peachtree City is already an incredible place to live and work. As a local team, we want to build upon the vision the founders had – a community of the future, by creating a true live-work-play destination in our town. We’ve worked carefully to identify a development partner that shares our passion for doing great work and are proud to confidently announce we’ve found that partner in Crescent Communities,” said Jason Pace, principal at Pace Lynch.
Under the existing zoning for the site, 12 acres along the south side of the site are expected to be preserved for future office development, providing a sought-after location for employers. “Mixed-use environments offer employees more than just an office, it offers them a community. They can walk to restaurants, retail or even home. They can go outside and enjoy a greenspace or walking trail. These benefits of a mixed-use environment are why employers are interested in communities such as Calistoa Lake McIntosh and why we are currently in active discussions with several large corporate users seeking a new headquarters site,” added Pace.
In addition to offices, Calistoa Lake McIntosh will feature residential offerings that are inspired by the modern farmhouse, showcasing historically rooted architecture with modern flair. From apartments in five-story elevator buildings to cottages and village single-family homes with front porches for socializing with neighbors, Calistoa offers a mix of for-sale and rental housing for millennials, families and empty-nesters alike.
Outside of the home and office, the Village Green – inspired by “The Hub” on 30A in Fort Walton Beach – will feature restaurants, small shops and outdoor movies on a park with views of Lake McIntosh and Falcon Field. Pace Lynch and Crescent Communities are currently in preliminary conversations with interested local restaurants and breweries.
Residents will also have the opportunity to take advantage of the Vista Terrace, a two-story amenity building, which will offer a coworking space, coffee bar serving Land of 1000 Hills Coffee (an Atlanta-based coffee company), saltwater pool, gym, yoga/stretch room, outdoor grills, communal fire pits and a pizza oven. Natural highlights include the panoramic vistas of Lake McIntosh, as well as neighborhood parks and greenspaces. Walking trails and paths link all parts of the master plan, creating a highly connected community.
“Our company mission is to Build Community and Better People’s Lives. We create communities for knowledge workers, millennials and baby boomers alike, and desire to serve the neighborhoods we work in,” said Kyle Brock, managing director at Crescent Communities. “We are excited to partner with Pace Lynch and Peachtree City to create a walkable mixed-use village with employment, dining, housing, and a gathering place for the neighborhood.”
Crescent Communities has had a strong presence in the greater-Atlanta area for nearly 20 years. Their multifamily brand, NOVEL by Crescent Communities, currently includes four additional communities either actively leasing or under construction in highly-desirable greater-Atlanta locations.
Known as one of the safest cities in the nation and located approximately 30 miles from downtown Atlanta, Peachtree City is experiencing significant growth. Through the planning and development of Calistoa Lake McIntosh, Pace Lynch and Crescent Communities are actively working with Falcon Field to make sure the project supports the current and future needs of the airport, understanding the importance of Falcon Field to the Peachtree City community. “We are pleased to see that the development team share our desires to develop areas nearby the airport in a manner consistent with FAA guidelines and appreciate their willingness to work collaboratively with the airport,” added Tom Fulton, airport authority chairmen.
Following the approval of this initial step, Crescent Communities and Pace Lynch looks forward to working collaboratively with City Council, Falcon Field and the community of Peachtree City to attract local businesses and employers to Calistoa, creating a destination and gathering place for everyone in the community. The goal is to break ground on Calistoa by winter 2019.
About Crescent Communities
Crescent Communities is a nationally recognized, market-leading real estate investor, developer and operator of multifamily, commercial and mixed use communities with 20 multifamily communities currently under construction or in operation across the US. Crescent creates high-quality, differentiated communities in desirable locations in many of the fastest growing markets in the Southeast and Southwest. Since the company was founded in 1963, Crescent’s development portfolio has included more than 60 single family master-planned communities, 43 multifamily communities and nearly 21 million square feet of commercial space. Its multifamily communities are branded NOVEL by Crescent Communities. For more information, visit www.crescentcommunities.com.
About Pace Lynch
Founded by principals Bill Lynch and Jason Pace, Pace Lynch provides best-in-class real estate development and commercial real estate services. Located in South Metro Atlanta, Pace Lynch is a boutique real estate firm with 80+ years of team experience and a deep devotion to creating remarkable real estate solutions and leading-edge project vision. Pace Lynch is also the developer of the 60,000 sf Piedmont Wellness Center, underway at Pinewood Forest, opening late 2019, and the recently announced 52,000 sf Mixed Use building and 8-screen luxury movie theater planned at Pinewood Forest. For more information, visit www.pacelynch.com