Faison Retail Project Back to Square One

PEACHTREE CITY, GA-Homeowners’ fears of mounting traffic problems in this suburban community of 35,000 residents have halted development of the second 265,000-sf phase of Kedron Village Shopping Center, a 10-year-old complex projected to grow to 400,000 sf and 1,652 surface parking spaces. The site at Peachtree Parkway and GA 74 is 35 miles southwest of Downtown Atlanta.

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.