Marshall Square developer cuts lot prices to lure tenants

Monday, Feb. 8, 2010 4:18 PM
Last updated 6:19 PM
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For nearly a year, the only business occupying Marshall Square has been a Chili's restaurant.

Developers hope to change that by slashing prices on land values by 40 percent at the 57-acre mixed-use development in Evans.

"We're cutting prices to get some more buildings out there," said Don Lawrence of D.C. Lawrence Commercial Real Estate LLC. "I'm trying to get them (Chili's) some neighbors."

A half-acre lot in portions of Marshall Square now sell for as low as $223,000, with a $25,000 discount for buyers closing on the property within 60 days.

Specifically, developers cut prices last week to encourage office development at the site between Evans Town Center Boulevard and North Belair Road.

"I'm trying to get some medical office groups out there," Lawrence said. "I've had two people tell me that they have medical office groups interested."

Lawrence isn't limiting his scope to doctors. He said the lots are appropriate for any office building.

One group that had intended to build an office complex at the site backed out due to the economy, Lawrence said.

Sections of Marshall Square designated for office uses include the lots surrounding Chili's, segments north of Ronald Reagan Drive where a hotel had been planned and the area near Evans to Locks and North Belair roads.

A segment of the troubled development currently unavailable for sale is a portion designated for apartments.

Developers currently are engaged in a $57.5 million lawsuit against Columbia County for what they call in court documents "overly restrictive" and "unduly burdensome" actions taken by county commissioners regarding apartments.

Marshall Square's initial planned approved in 2004 called for as many as 459 apartment units on 13.5 acres. The county's planning and zoning board later recommended to commissioners that apartments be limited to 288 units. Commissioners took the issue a step further in May by restricting developers to 14 units per acre, which shaved the number of units to 189.

The case is heading to a summary judgment hearing in Superior Court on March 24.

"Anything but the multi-family right now is available for development," Lawrence said.

Lawrence said the land sale isn't a reaction to the impending court date.

"It's not that we're trying to unload the property," he said. "All along we've had these office sites available for development. We're just reducing prices to spark some activity here."

Comments (8)

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Little Lamb
669
Points
Little Lamb 02/08/10 - 05:31 pm
0
0

I seem to remember that the

I seem to remember that the developer had to get special permission from the commission to develop the Chili's as a stand-alone store. Would such permission have to be granted for a purchaser of an office plat?

sunshinebear4
0
Points
sunshinebear4 02/08/10 - 05:59 pm
0
0

We have too many empty

We have too many empty buildings in Columbia County. Fill those up before you build anymore! I hope Marshall Square developers lose their lawsuit...You promised Columbia County a nice shopping area but all you were going to delivery was lower-income housing across from nice neighborhoods, the court house, library and park.

Chillen
0
Points
Chillen 02/08/10 - 06:05 pm
0
0

I feel sorry for Chilis stuck

I feel sorry for Chilis stuck there in the middle of no mans land. I guess they should have done a little more homework before building.

corgimom
42
Points
corgimom 02/08/10 - 09:17 pm
0
0

I'm waiting for Countyman to

I'm waiting for Countyman to tell us how things are booming.

ColCo
0
Points
ColCo 02/08/10 - 09:58 pm
0
0

At $223,000.00 per half acre,

At $223,000.00 per half acre, the price is still twice as high as it should be.

jb1234
0
Points
jb1234 02/08/10 - 11:12 pm
0
0

lol corgimom, but this is

lol corgimom, but this is about Columbia County, countyman only cares about Augusta

WW1949
1
Points
WW1949 02/08/10 - 11:39 pm
0
0

Check the office condos

Check the office condos behind Stonecrest Steak House. I don't believe they are all sold yet.

countyman
111
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countyman 02/08/10 - 11:48 pm
0
0

Actually I care about metro

Actually I care about metro Augusta. Which includes Columbia county. I mean alot of people who live in Columbia county. Tell people when they go out of town they live in Augusta.

Sargebaby
158
Points
Sargebaby 02/09/10 - 12:03 am
0
0

Countyman sez; "Actually I

Countyman sez; "Actually I care about metro Augusta. Which includes Columbia county. I mean alot of people who live in Columbia county. Tell people when they go out of town they live in Augusta."
____________________________________

When I go out of town, I tell people I live in Evans, GA, the fastest growing community in the CSRA. Then I tell them, "Oh yes, there is a popular golf tournament just down the road, so if you go there, be careful crossing the street on foot!"

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