Powder Springs to provide land for $38M enhancement
“Real estate professionals have been telling us for many years: Retail follows rooftops,” explained Powder Springs Mayor Al Thurman.
“City people have been seeking new dining establishments and other companies for years, and this will develop further more opportunity for all those entities to occur to Powder Springs,” Thurman added.
“We at Novare Team are honored and energized to be operating with Mayor Thurman and his group at Powder Springs on this blended-use city middle advancement at Thurman Springs Park,” explained Jim Borders, CEO of Novare Team.
“We are all in on the Powder Springs vision, the proximity to the Silver Comet Path and the in general pleasant high-quality of daily life in southwest Cobb County,” Borders included.
Powder Springs is in the structure period of a job to expand and transform the city’s existing Municipal Courtroom facility to insert a 2nd tale to the facility and make it possible for it to accommodate City Corridor and Neighborhood Improvement staff and operations, the town statement reported.
The town will relocate its personnel to other DDA-owned houses downtown just after shifting out of its structures on the city corridor property assemblage and until finally renovations to Municipal Court amenities are accomplished.
Novare Team has formulated multifamily units in Atlanta, Lawrenceville and Newnan as very well as Augusta and throughout the Sunbelt location from Virginia to Texas.
Considering that its founding in 1992 by Jim Borders in Atlanta, Novare Team has designed extra than 16,500 residences in larger than 50 communities and 1.2 million square toes of Class-A place of work place, overseeing over $3.5 billion of true estate enhancement and expenditure, according to its website.
Powder Springs is one particular of Cobb County’s swiftest-increasing cities, with an believed inhabitants of 15,758, in accordance to 2019 Census estimates.
Also, Powder Springs is Cobb County’s oldest town when it initially was included as Springville in 1838 and afterwards the nickname “Gunpowder Springs” simply because of the gunpowder-like sediment that resulted from the mineral material of the spring h2o.
Today, the metropolis has the closest downtown to the Silver Comet Path, a 61.5-mile paved path that runs by way of Cobb, Paulding and Polk counties.
