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Proposed project could add new life to old bank property

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By Laura Camper /[email protected]

The properties of the old Newnan Federal Savings Loan building in downtown Newnan could lead a new life next year.

Last week, members of the Planning and Zoning Committee in Newnan approved a certificate of suitability for a downtown commercial and residential project proposed on the site of 19 Jefferson Street designed by KA Oldham Design.

The city’s planning and zoning director, Tracy Dunnavant, said the project fits into the zoning of the area’s central building district. But Dannabant added that he would have to go through a building permit process before moving forward.

Building official Bill Stephenson said the city has not received a building permit application for the project at this time.

“CofA (Certificate of Appropriateness) is a very preliminary for any kind of construction project that could come to Newnan,” Stevenson said in an email.

We don’t know exactly when to submit the application, but real estate owners John Strickland, Ryan Brooks and Scott Stokes will begin construction in Phase 1 of the project in 6-8 months in the spring of 2023. I hope that. Said.

The project will include the dismantling of an old bank drive-through and the construction of two new buildings labeled residential and commercial and commercial in the packaging submitted to the planning and zoning committee.

According to John Strickland, the first phase is a commercial building that accommodates approximately 10,000 square feet of office space. They believe that the old bank building is 100% occupied, so the new office will fill up as soon as it is built. They know that more and more people are working from home, so other communities are currently seeing excess office space, but they feel that Newnan will go against that trend. I said there is.

“Currently, there is a lot of uncertainty in our economy,” Brooks said. “But I think all three of us, including Kip (architect, Oldham), feel that Coweta County and Newnan City … Newnan will be a destination for many others in the surrounding area. . ”

Strickland agreed, adding that they are trying to fill the city’s niche.

“We are trying to hit the sweet spot with the size of the office space,” Strickland said. “We want to try a 1,500-square-foot suite, which makes it affordable for small business men.”

They tried to provide everything needed for future space tenants, and even with additional buildings, Oldham managed to squeeze in some parking lots than existing, Brooks said.

According to Stokes, the property is in a great location in downtown Newnan, giving more opportunities for businesses to move in.

The multipurpose building, built in Phase 2, has 6-8 luxury studios or apartments on two upper floors. There is approximately 2,500 square feet of office space on the ground floor. The rendering shows the space used as a restaurant.

“Many new things are happening, but they are definitely creating opportunities to bring other investments to downtown Newnan,” Stokes said. There’s a lot you can create in these spaces-I keep saying that it creates value-creating other options for the citizens here. ”

What doesn’t change is the old bank building.

It was built in the early 1900s and the back addition was built in the late 1980s, according to Strickland. The building has a special meaning to him.

“My dad was actually the president of the bank there, and he worked there from 1968 to 1991,” Strickland said. “Through high school, I actually worked there at a bank. (This building) is very personal to me.”

The project is personal to all of them.

“It’s our home,” Brooks said. “For everything that is changing in our economy, I feel more comfortable investing in Newnan than anywhere else, I can tell you that.”

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