Business: Another big development — 1,241 residences with commercial — proposed at 411 and the Bypass in Rome. Third major proposal in two months in our area.

Business: Another big development — 1,241 residences with commercial — proposed at 411 and the Bypass in Rome. Third major proposal in two months in our area.

Some 1,241 townhouses and apartments as well as commercial development are proposed for the northwest corner of U.S. 411 and the Bypass in East Rome. As planned, the development would cost $220.4 million and marks the second large development proposed in that area.

A file on the state’s Development of Regional Impact website describes the project from Fall Leaf Residential LLC of Atlanta as mixed use with a buildout date of Dec. 31, 2028. Once completed, the development is projected to yield $8.19 million in property taxes.

The proposal will be reviewed by the Northwest Georgia Regional Commission and then by the Rome-Floyd Planning Department.

The 28 acres are owned by Rome Land Co. Hardy Realty, the company listing the site for sale, had no comment.

Traffic: One caveat to remember: 411 and the Bypass are due for heavy roadwork as the southwest loop of the Bypass is completed. (Background) There’s no real timetable out for that project.

History: Several projects have been proposed in this area in recent years, including Etowah Grove office/residential, in 2014. There also was an earlier residential/commercial project briefly on the boards at that intersection.

TRENDING

Pleasant Valley Preserve

 

  1. This is the second large residential development proposed for East Rome. A 1,018 single-family-home subdivision — Pleasant Valley Preserve — is proposed off Chulio, Boyd Valley and Pleasant Valley roads with a review due before the planning commission at 2:30 p.m. this Tuesday, Oct. 5. This development is about two miles from the 411/Bypass project. Estimated value: $280 million.
  2. Further to the east on 411, the Rome-Floyd Development Authority is buying 202.34 acres from the Braden family property near Biddy Road and Bass Ferry Road for potential industrial development. Cost: Roughly $4.2 million.
  3. East of Calhoun off Ga. 53, Seven Lights Investments LLC of Adairsville is proposing a major residential community with 360 single-family homes as well as 165 townhouses. Buildout is expected to take three years.  The project is valued at $155 million with a total tax impact of $3.67 million a year once all units are completed.

 

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