Has anyone heard anything else about this shopping center?
Retail site is set near Exchange
Officials brace themselves for traffic tangle in hectic area
Web posted Wednesday, January 19, 2005
By Adrian Burns and Damon Cline {sodEmoji.{sodEmoji.|}} Staff Writers
The area around the Augusta Exchange already is bustling, but it will get even busier when a new shopping center opens along Walton Way Extension.
An Atlanta-based company has plans to develop a nine-acre parcel, rezoned earlier this week from agricultural/residential to commercial, into a retail center with 90,000 square feet of space.
"There's plans right now for up to four buildings," said Roscoe Powers, the director of acquisitions for Hand Properties Inc, which develops "build-to-suit" properties for nearly two dozen national retailers, including Bed, Bath & Beyond; TJ Maxx; and Office Depot.
Mr. Powers said he would begin marketing the property to retailers once plans and permits are approved by Richmond County during the next two months.
He did not rule out pitching the property to retailers already operating in Augusta.
"Some of the tenants may already be there and would like to get into that particular portion of the market," he said. "It will probably be all retail, but I wouldn't rule out a restaurant."
Access to the shopping center would be made through three curb cuts along Walton Way Extension.
But the already hectic road might not handle the additional traffic well, city officials say.
"If you've looked at the traffic situation there, I think it's going to be pretty scary," said George Patty, Augusta's director of planning, adding that 32,000 vehicles already pass by the future development site each day.
That figure is expected to rise 19 percent, or 6,000 cars, if the center is completed.
The city's acting traffic engineer was consulted on the project and advised that a traffic light would be put in front of the retail center if needed.
Developers agreed to foot half the bill if a traffic signal becomes necessary within five years, said Bob Austin, the city's zoning and development administrator.
Mr. Powers said Hand Properties is under contract to buy the property, which is made up of several lots individually owned by Margaret Sibley Dale and Kathryn Sibley Boardman.
Financial terms of the proposed deal have not been disclosed.
The property extends from Walton Way Extension, where it is bordered by the Walton's Corner shopping center to the east and CitiFinancial and Walton Rehabilitation Hospital's Harison Heights community to the west.
The wooded acreage, used in recent years only as a Christmas tree lot, is flanked by the Augusta Exchange's Ashley Furniture and Regal Cinemas 20.
The last commercial activity in that area was last year's $5 million renovation of Walton's Corner, which is home to several businesses, the regional offices for BellSouth and the headquarters for home health provider CareSouth.
Reach Adrian Burns at (706) 823-3352 or Damon Cline at (706) 823-3486.