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| | | (BOB PEPALIS/www.northfulton.com)
John T. Adams, holding shovel, showed his company’s plans for Crabapple Mercantile Exchange, a mixed-use development in historic Crabapple, taking the Milton officials, builders and residents outside of the Donnelly House for the ceremonial groundbreaking. The house will be kept as part of the development, with the rest stretching out on Crabapple Road frontage to the west (behind and to the left of the house). (click for larger version) | |
February 11, 2008
MILTON -- Crabapple Mercantile Exchange broke ground Feb. 5 on property in the midst of the historic district.
The mixed-use development will have six buildings, including the Donnelly House, a historic home on the property near the Crabapple Road-Broadwell intersection in historic Crabapple.
"I want to get people to drive by here and sort of remember yesteryear," said John T. Adams, Lodestone's CEO.
Handmade Virginia bricks and features such as stained glass windows from Germany that were hand-blown and painted at the close of the 19th century, 200-year-old carved mahogany doors from a French chateau and 150-year-old English Oak doors are the types of antiquties he plans to make part of the development, a hallmark of the company's philosophy.
Crabapple Mercantile Exchange should open by late summer, said Will Gurley, whose commercial real estate firm handles leasing for Lodestone. The property consists of:
• Retail space 22,352 square feet
• Office space 23,450 square feet
(Individual suites ranging from 1,200 to 12,000 square feet)
• Residential 4 residential condominiums
• Build-to-suit space 6,500 square feet
Lease rates currently list at $22 to $26 per square foot, including both terrace and plaza units.
Plans call for the four condos to be on the second floors of the two-story buildings, with office space also on top. Retail will stay on the first floors of the buildings.
Space already leased includes:
• Zest A restaurant to occupy the Donnely House
• Scoops Locating in the building rising beside the historic home, this will be an old-fashioned ice cream parlor. Lynn Janovec of Will Gurley Realtors plans to operate the business.
Daily traffic counts through the area top 108,000 vehicles, and the mean area income is nearly $110,000.00.
- www.northfulton.com
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