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Developers present 6-acre downtown concept; council presses for parking and stormwater details
Summary
Caldwell Development Investments (CDI) presented a concept plan for a mixed-use development on roughly six acres downtown including a hotel, food hall, offices and up to 20 residential units; councilmembers focused questions on parking supply, stormwater work and timing, and no formal approval was requested at the work session.
Caldwell Development Investments (CDI) representatives presented a master-plan concept for roughly six acres of downtown property to the Newnan City Council, proposing a mixed-use project that would include a hotel, a food hall, retail, office space and up to about 20 residential loft units.
Tom Kriembs, who said he is leading CDI’s local investor group, told the council the developers executed a letter of intent dated Dec. 2 and are seeking council feedback on a concept plan; if the council gives a preliminary thumbs-up in a future meeting the LOI provides a path into entitlement and a purchase-and-sale agreement among the city, CDI and the Newnan Development Authority. Kriembs said…
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