Developers Plan New Office, Retail, Residential in Forsyth, Henry Counties

ATLANTA-The development juggernaut in the metro area continues to roll as two more developers file plans for mixed-use ventures in the suburbs.Ivey Building Corp. of Roswell, GA plans to develop 866 townhomes and 33,600 sf of office and retail space with 135 surface parking units in the Chestatee Crossroads subdivision, North Forsyth County. Hayes Development Co. of Fayetteville, GA files plans for 66 homes on 29 acres east of Hampton, GA, next to fast-growing McDonough, GA, in Henry County.

Brokers following the projects tell GlobeSt.com Ivey assembled its 218-acre development site from four property owners. The site is north of Cumming, GA, off GA 400 at Settingdown Road and Heard Circle, about four miles from the Dawson County line. The Georgia Mountains Regional Development Center is reviewing the project’s plans because of its size. The plans then go to the Forsyth County planning commission for a second review.The Hayes Development Co. project will be reviewed this week by the Henry County municipal planning commission. The county’s planning staff has already approved the undertaking, noting the 2.25 units-per-acre density compares with nearby subdivisions.Two major golf communities and the Atlanta Motor Speedway development are under construction near the Hayes site, brokers familiar with most of the south Henry County new developments tell GlobeSt.com.