The newest potential player is Plansouth Inc. of Hoschton, GA which has filed plans with the county to develop an estimated $35-million, 300,000-sf office and retail undertaking on a 33-acre site off Interstate 85 at GA 98 and Old Bold Spring School Road. The venture would be the largest in north Jackson County after the 500,000-sf Tanger Outlet Mall in Commerce, GA, area retail brokers tell GlobeSt.com.
Plansouth's tentative plans envision 13 buildings, a 60,000-sf grocery, a bank, restaurants, bowling alley, ice skating rink and an entertainment center with a movie theater. The entire project would be completed by 2006.
The sprawling metro area is seeing a surge in suburban subdivision permit applications in several nearby counties. In Jackson County alone, preliminary development plans for a total of 1,279 apartments have been filed in the past four months.
As area's rural locations begin to be discovered by the development community, the issue of open space has become a controversial topic in several Georgia cities. Brokers and consultants tell GlobeSt.com momentum is growing for a federal tax code change that would provide a monetary incentive for landowners not to develop some of their property.
US Rep. Johnny Isakson (R-GA) heads the open-space movement in Congress that is expected to be promoted heavily later this year by various legislators, brokers tell GlobeSt.com.
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