Downtown Kennesaw will be changed substantially by two projects approved Nov. 19 by the Kennesaw City Council.
With 38,000 square feet of commercial space, Sanctuary Development plans to develop around 7.5 acres on Keene Street for a mixed-use development that will include retail, 77 three-story townhomes, mercantile, three restaurants, offices and breweries.
Built around 1890 on that site, the Kennesaw School/Martha Moore School building will be removed by Sanctuary Development for its Creekside development.
However, the façade of the original historic school will be recreated as the centerpiece of the project.
On the adjacent 15 acres and in cooperation with Sanctuary Development, Core Property Capital (CPC) proposes to develop along Summer Street, Keene Street, Burrell Court and Cobb Parkway a mixed-use concept, containing apartments, retail, restaurants and townhomes in two phases.
The first phase will include 288 multifamily units at four stories, 15,000 square feet of restaurant/retail and a 3,000-square-foot redevelopment of Lighthouse Baptist Church with a new main building and fellowship hall.
CPC residential lease rates will range from $1,225 to $2,300 per month.
Beginning early next year, CPC’s $61 million project will be completed by late 2020.
CPC’s second phase on four acres will begin by next summer and also be completed by late 2020 with up to 110 multifamily units and 20,000 square feet of first-floor commercial or 40,000 square feet of commercial.
An institutional owner and a developer of retail, office and multi-family throughout the U.S., Core Property Capital owns and manages $2 billion in assets, encompassing more than 6.5 million square feet.
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