A 125,000-sf, $10-million Target Supercenter is the planned anchor and the subject of a large portion of the controversy. The city and about 1,700 residents in the Regents Park Road area contend the development of Target would violate the area's 11-year-old master plan regulations which limit the size and location of big-box ventures.
The project's joint venture developers, Faison Inc. of Charlotte NC and locally based Peachtree City Holdings, have lost round two in what area brokers and retail consultants tell GlobeSt.com will be a protracted battle.
The developers lost round one when the Peachtree City planning commission unanimously voted to reject the shopping center addition last month. They lost round two March 1 when a Superior Court judge in Atlanta ruled the controversial project must first go back to city council for a final vote before the decisions by the council and the planning commission are tested in court. However, if the council votes for the venture, a court hearing would be moot.
Atlanta retail brokers following the controversy tell GlobeSt.com Faison lawyers, frustrated by the planning commission's ruling and annoyed by growing residents' opposition to the addition, decided to take the issue directly to court instead of waiting for a city council vote.< The developers maintain the Target store development should be exempt from the master plan's bylaws because the Target project's plans had started before the city ordinance was adopted in November 2000. A third 150,000-sf phase development at the shopping center is still on the drawing boards.
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