(To read more on the multifamily market, click here.)

VININGS, GA-Atlanta-based Songy Partners Ltd. and Cobb County commissioners have avoided going to court to settle a one-year-old lawsuit filed by the developer on a land rezoning issue. The parties settled the suit by agreeing the planned residential condominium project would have 32 homes instead of the originally planned 45 units, county staffers confirm for GlobeSt.com.

The 3.1-acre development site at Overlook Parkway and Paces Ferry Road is next to the 159-room Wyndham Vinings Hotel at 2857 Paces Ferry Rd. in suburban Vinings, about nine miles north of Downtown Atlanta.

According to the agreement, Songy's project will be six stories in height rather than 12 stories and will be built over two levels of underground parking. Songy Partners, headed by CEO and co-founder David B. Songy, also agreed to give the county $32,000 to improve the railroad crossing at Paces Ferry Road.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.