Globe St.com provides in-depth and breaking commercial real estate news around the clock in major and secondary markets throughout the country. Yesterday, Cherokee County and specifically Canton, made the headlines…
Cherokee County Braces for $500M in Development
The story details some of the new projects planned for Canton and explains the following estimates: “On the drawing boards are an estimated 16,000 single-family homes, apartments and townhome residences, at least 500,000 sf of retail and about 200,000 sf of office and other commercial space. The estimated total development cost is at least $500 million, according to area marketers and construction sources.”
There is also another story on Globe St. with details about Canton West….
JV Details 2,331-Acre Master Planned Community
Here are some quotes from the story: “The project will contain approximately 4,000 residential units, including condominiums, townhomes, single-family homes and active adult communities. It will also contain 449,100 sf of retail space and 149,700 sf of office space. Prices for the housing will range from the mid-$100,000s to high $800,000s. “We’re offering a broad range of housing at a broad range of price points,” Corley says. Infrastructure improvements include a seven-mile parkway running through the property, which will connect GA 5 to GA 108. The developers and Canton city officials are pursuing funding sources for the parkway, which will provide access to the community and help relieve existing congestion.”
“PEC Development also plans on enhancing the existing natural buffer along the Etowah River. The company is working with the Army Corp of Engineers and Georgia Department of Natural Resources to possibly construct a trail head to the Etowah River trail on the south end of the development. The trail head would serve as an amenity for the development, but also be accessible to the general public. It would connect the city’s greenway from State Road 5 at Bolding Mill Park to Knox Bridge Park at State Road 20.”
Exciting and/or interesting times are ahead for Canton and Cherokee County. How do you feel about the future of your city and county?
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