PTC not warm for senior apartment proposal

PTC not warm for senior apartment proposal

A company’s plan to build age-restricted senior apartments was presented to the Peachtree City Council Tuesday night.

By the end of the meeting, however, Mayor Don Haddix told NorSouth representatives that Council isn’t convinced the concept would work well in Peachtree City.

NorSouth wants to build an apartment complex restricted to seniors 62 and above with three story buildings served by elevators, said company vice president David Dixon. NorSouth is looking for around 100 units on a 3.5 to 5-acre tract.

The company is aiming to have rents range from the mid-600s for one bedroom units up to between $900 and $1,000 for two-bedroom units which are the most popular in its existing senior apartment portfolio, Dixon said. Some 86 percent of the company’s clients are living on their own, but they like having a second bedroom that can be used for guests and/or as an office or den area, Dixon said.

The housing is not subsidized in any way as all NorSouth’s clients are private pay, Dixon said.

About half of NorSouth’s clients decided to move so they could be close to their grandchildren and adult children, Dixon said. The age restriction would be part of the zoning and the deed restrictions on the property, and grandchildren for example would be allowed to stay for no longer than a weekend for example, Dixon said. NorSouth hasn’t had any problems enforcing those rules at its existing properties, he added.

“It’s a very fast growing market with a lot of demand,” Dixon said.

The apartment complex would have a number of amenities for residents including gardening plots, an aerobic exercise room, a game room, a movie room and a Wii area as well. There will also be activities for residents including arts and crafts, a movie night and free health screenings provided by area doctors.

NorSouth also plans to have a small space available to rent inexpensively to host a beauty salon that would be used by residents, Dixon added.
The company would also arrange transportation for errands such as grocery, drugstore and doctor appointments as well as recreational trips to the theater, Dixon added. NorSouth is very interested in having some golf carts on hand for residents to use for their “errand” trips, he said.

The complex would not have any medical staff nor any food service such as a cafeteria, as it is targeted for seniors who are active and independent, Dixon said.

The property would have a full-time manager on site and would also be staffed at night with maintenance workers who are trained to respond to any emergency that might come up, Dixon said. Each unit will have an emergency monitoring system, he added.

Dixon noted the company is building highly energy efficient apartments that have an average electric bill between $40 and $60 a month.
The average apartment size will run from 750 to just over 1,000 square feet. The apartments are aimed at retirees who earn no more than $30,000 a year, he noted.

Haddix asked what would happen if people didn’t fill the apartments after they were built. Dixon replied that while that has never happened before at any of the company's senior apartment complexes, NorSouth would just lower the rents until they did instead of changing the use of the property; the zoning and deed restrictions would limit the property to only be occupied by independent seniors, he added.

Haddix said with no senior apartments in the city a large number of seniors go for individual homes such as his subdivision where “the average age is probably 85.” He asked Dixon where the demand would come for NorSouth’s complex.

Dixon noted that a big reason for seniors to move is the loss of a spouse. He also noted that many seniors don’t want to have to do yard maintenance and would rather live near their adult children and grandchildren.

“Because there’s elevator support and secured entry, staffed around the clock and a high level of luxuries, no maintenance, it’s just kind of an easy decision for a lot of people to make,” Dixon said.

Cecelia Hayes of the Home Source Realtors said she knows NorSouth’s product would go over well in the real estate market.
“I can tell you people want this,” Hayes said.

Examples of existing NorSouth senior apartment communities are Princeton Court in College Park, Highland Court in Kennesaw and Norman Berry Village in East Point.

NorSouth initially looked at moving in behind the Zaxby’s restaurant in the Lexington Circle mixed use center off Ga. Highway 54 east, but the company is now looking at several other possible locations including one in the Kedron area.

Dixon said the company likes the Lexington Circle area but noted NorSouth likes to be near activity areas and shopping areas for residents’ convenience. Proximity to churches and medical care facilities are also important factors, he said.

“We also want a quiet environment for them, real close but off the highway. Your buffering system provides for that,” Dixon said.

Several residents from the Lexington Circle area attended Tuesday’s meeting and while they didn’t seem to be 100 percent convinced it was a good fit, to some it is a much better alternative than the unlandscaped areas of six-foot tall grass that have become home to at least one coyote and some rats, one resident said.

Councilmember Vanessa Fleisch said she thought the product would go over well but she didn’t want to lift the moratorium for it to be built on a site currently not zoned for multifamily use.

“I don’t see that bulidinga whole new complex is the way to go for the city,” Fleisch said.

Councilmember Kim Learnard said the Lexington Circle location is close to McIntosh High School which might cause issues with residents.
Dixon replied that most of NorSouth’s communites have residents who stay in at night.

Planning Commissioner Lynda Wojcik agreed there is a need for such a facility. She noted that her mother in law lives in a similar facility in Missouri though it’s not as nice as the NorSouth communities.

Wojcik noted that the senior apartment complex would not have any property tax breaks for city or school taxes.

It was suggested that NorSouth should consider redeveloping an existing apartment complex. But architect Bill Foley who has been working with NorSouth noted that would be fairly expensive and wouldn’t allow the company to hit its target rents.

Planning Commissioner Larry Sussberg said he liked some things about the project and while he’s generally against apartments in Peachtree City he felt NorSouth is addressing a very specific need.

mudcat
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The developer planting a Realtor? You don't say!

How original and how unsurprising. I actually did that once in my earlier innocent days. It seemed harmless and I really was in favor of whatever was being proposed - The Avenues, I think.

I really don't like the sound of this one. Apartments are banned for a reason and I didn't read anything that should override those reasons.

Robert W. Morgan
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Now that makes some sense, Goil

Makes sense in the sense that 120 units is the correct number for the 3-4 acres and the amenities and staff they have to support.

The article said 25 units. I know John will correct his error.

Still, not a reason to consider lifting the moratorium. Sure they sold their portfolio off last year. Good that they could find a buyer. Most others have not been so lucky. Anytime anyone says they are in it for the long haul, you should view them the same way as guy wearing a WWJD bracelet.

Even if they do lift the moratorium, I don't think Planning Commission or City Council will allow this to be built.

I love the PCDC trick of planting supporters in the audience. It is transparent to everyone, it never works and they have been doing this for 25 years. I still can't figure out why they want these apartments built. I did check and this is not their land. The Rossetti's are involved in this land and I doubt PCDC would be helping them.

John Munford
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Robert W: error corrected

They shoot for about 100 units or so. My hearing must be going ... and you'd think I could figure out that number was wrong anyway...

Thanks!

Robert W. Morgan
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I don't think this makes any sense at all

First of all, all those amenities, a manager and a night staff for only 25 units? Using 3-4 acres? I don't think those facts are in alignment. Hopefully it is just a typo. If not, someone is not a very good planner.

Secondly, how do these peopple get to make a presentation while there is a multi-famly moratorium in place? How come Steve Brown and others arn't screaming foul on that?

Finally and most important, is this what we need on that site - Towne Club Lite? Just because one of the developer's Realtors says it is a good idea doesn't make it so. They usually only speak up when there is a land sale in it for the developer, but I don't think they own the land in Lexington Circle.

inkslinger
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Towne Club Lite..Or How About

Harmony Village Grey?

jevank
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Or....

Soylent Green.

"They'll do anything to get what they need. And they need SOYLENT GREEN."

jevank
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Moratorium

Exactly right on the moratorium question. They should be able to come before the council to show why the moratorium should be lifted. It is not there so that council gets to hand-pick the projects in town.

inkslinger
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Morgan-You're right, it doesn't make any sense

at all. Norsouth said 100-120 apartments in the building. The average age of tennants in their apts. is 70-with over 80% of them being women. The majority live there 2-3 years or less.

This company finances these apts. with over 60% of the money coming from IRS low income guideline tax credits. Another 20% they hope will come from federal stimulus money(!) which will come out this summer. Notice how little traditional loan financing Norsouth has to get (20% of the cost). So where is their incentive to build a quality (materials) project and retain it for a priod of time?
What wasn't mentioned in this article was the fact that Norsouth sold the majority of their 'porfolio" in 2008, a fact that Mayor Haddix got out of them. This came out after Norsouth insisted they "are in it for the long run", and are committed by the IRS guidlines to retain ownership for 10 years. Not so, as the Orchard Springs apts. on Oakley Blvd. in Fulton County (that they just built) are now bank owned. So, let's call it what it is. Govt. subsidized housing, even though Norsouth insists it's "private pay" by residents.
Norsouth structures their rents to make them high enough to take ss $ and pension $ and any income from grown children of tennants, leaving them just enough to pay for utilities and food. Yes, the realtor who spoke up was a plant.
There is so much more to Norsouth that needs to be brought forward and I trust Planning and/or Council will say no.

normal
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Dont think you are so great.

There is nothing wrong with government subsidized housing. It is very much needed. Ive seen senior housing in many places. They get subsidized by the government for rent. So big damn deal. No kids can live there for you morons who think a bunch of grand kids would move in. 62 and older only. Just where do you think these folks would live with out this help. On the street maybe, or in your parks. Then you would bitch about that. Stop thinking you are so much better than someone who needs help. With any luck one day you better than thou people will fall and need help. Then you will see how big you are. Also there are many great kids and families in Harmony Village. Just because you dont have a lot of money does not mean you are a great person. There is a lot of trash in Smokerise, Stoneybrook and Whitewater. Just check the foreclosures, short sales and police arrest records.

inkslinger
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There is nothing wrong with government subsidized housing

Now there's an intelligent statement.

Harmony Village? Why don't you ask the Realtors what impact Harmony Village has had on the neighborhoods that are near Harmony Village. Ask the residents of Lexington Park about their legitimate concerns for their property values.

Where would they live without this taxpayer handout here? Oh, maybe Riverdale, Union City, Clayton County....to name a few.

Quit your whining..."great people" don't live off welfare provided by others.

Davids mom
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normal

:-)

MYTMITE
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Apts for Seniors

Sorry, but I don't think this will fly and don't like the idea of the rents being lowered to fill the apartments. Think this would be asking for trouble.

Robert W. Morgan
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Trouble from seniors? What could possibly happen?

Oh, I know, grandma from Clayton County moves in and soon her 4 grandkids are living there so they can go to our schools? Or when they drop out of school, they can go across the parking lot and rob the liquor store.

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