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Augusta firm building 240-unit apartment complex

Thursday, Oct. 4, 2012 2:12 PM
Last updated 7:33 PM
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CarMax is finally getting a neighbor.

An Augusta real estate development firm has started preparing the site for a high-end, 240-unit apartment complex on Mason McKnight Jr. Parkway in west Augusta.

The community will be called Gateway Crossing Luxury Apart­ments, and infrastructure work is under way, said Peter Caye III, the managing partner of The Giddings Group LLC. Caye said there will be a groundbreaking with city leaders Oct. 17.

Giddings Group is putting the apartments on 13.5 acres. The first building is expected to be finished in the spring, Caye said, with the construction completed in 12 months.

“We hope to turn our first building by April, and then we’ll get a building probably every 30 days thereafter,” he said.

Gateway Crossing will begin leasing in January, offering one- to three-bedroom apartments ranging from 650 to 1,400 square feet. The buildings will be three stories tall. Amenities will include a resort-style pool with cabana, health club/quality fitness center and business center.

Caye said Giddings Group has been an equity partnership firm for years. The Augusta community will be its first.

“Looking to do three to four deals a year all over the Southeast, as far north as Virginia,” Caye said. “It is pretty neat that we can do this in our own town.”

The properties will be managed by Provence Real Estate, a national management firm based in Atlanta.

The general contractor is Hathaway Construction Services, also of Atlanta.

“We have many years of experience in this market and are looking forward to a successful lease-up of this property,” said Art Lieb, the managing partner of Provence.

CarMax has been open since 2010, and there have been rumors since of other developments in that area, such as sporting goods chain Gander Mountain.

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Riverman1
86851
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Riverman1 10/04/12 - 02:29 pm
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4
Just what Richmond County

Just what Richmond County needs...more apartments. I wonder if these apartments will affect future stores that are thinking of locating there? The term luxury apartments is an oxymoron.

countyman
20581
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countyman 10/04/12 - 02:58 pm
4
5
I think somebody is confusing

I think somebody is confusing the apartments in Martinez with the one's in West Augusta.. Martinez only has one luxury apartment complex(Haven at Reed Creek), but multiple luxury apartments exist in West Augusta($800-$1400: Brigham Woods, Parc at Flowing Wells, Century Glenn, Century Hills, & Estates at Perimeter)... This development will add to that list, and will only speed up the commercial investments..

The chronicle is really late when it comes to reporting new developments in Richmond County especially South Augusta... Still no mention of the Five Guys coming to the Colony Plaza in South Augusta...

countyman
20581
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countyman 10/04/12 - 03:17 pm
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6
I know you love to praise

I know you love to praise Columbia County, and love to bash Richmond County daily...

Let's put the bias to the side and simply compare West Augusta versus Martinez or Evans.. Comparing the area versus Grovetown and Harlem wouldn't be fair.. The Augusta Exchange and Village at Riverwatch in West Augusta maybe better places to invest according to some developers..

How many areas of Evans and Martinez can even compete with the carmax area? A small part between Carmax-Flowing Wells is located in CC, but the majority of land belongs to Richmond County(including Carmax).. The Marshall Square or Evans Town Park developments probably can, but I can't think of anything in Martinez..

F4therTime
4656
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F4therTime 10/04/12 - 03:25 pm
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How?
Unpublished

How did he bash RC? He simply said that's all RC needs is more apartments...someone may have a chip on their shoulder...

countyman
20581
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countyman 10/04/12 - 03:34 pm
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6
This is coming from another

This is coming from another poster who loves to bash Richmond County daily too.. The same person who brought up the debate about the population of Richmond County the next day after the discussion was already over.. Why? Simply because I said the county gained thousands of people, and certain people don't want to hear anything positive...

Anybody can see the large portion of negative comments from Riverman are related towards Richmond County..

Why aren't the citizens of Richmond County worrying about the number of apartments in Columbia County? There's a total of zero apartments under construction in Richmond County, and this is the first development of 2012..

Little Lamb
46900
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Little Lamb 10/04/12 - 03:41 pm
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2
Apartments

We need these apartments to accommodate the eviction bubble coming next year of people who have been squatting in foreclosed homes but whose eviction paperwork got hung up in bureaucratic limbo. The banks are close to satisfying the paperwork requirements and there will be many evictions next year.

Augusta resident
1368
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Augusta resident 10/04/12 - 03:51 pm
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Update

When are we going to get our 6th annual update on Villages at Riverwatch.

Riverman1
86851
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Riverman1 10/04/12 - 04:01 pm
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"How many areas of Evans and

"How many areas of Evans and Martinez can even compete with the carmax area? A small part between Carmax-Flowing Wells is located in CC, but the majority of land belongs to Richmond County(including Carmax).. The Marshall Square or Evans Town Park developments probably can, but I can't think of anything in Martinez.."

Heh, heh, heh.

countyman
20581
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countyman 10/04/12 - 04:09 pm
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7
Nothing in Evans or Martinez

Nothing in Evans or Martinez can compete against the Augusta Exchange or Village at Riverwatch.. Mullings Crossing and Marshall square probably can compete against the Carmax area.. The more I think about it, I don't even think Evans Town Center can.. I still can't think of any place located in Martinez who can step up to the plate though..

Please name the developments in Martinez or Evans who can compete with the Carmax area? Do you really think the Earthfare shopping center, vacant k mart shopping center, or the publix center on Furys Ferry in Martinez can? The majority of nice amenities along I-520/Bobby Jones(Sams, Rooms to Go, Home Depot, etc) belong to West Augusta..

Augusta Resident.. The Village at Riverwatch is now on the MGHerring Website, and the older articles have nothing to do with the property now... The city of Augusta/MG Herring made their agreement back in 2011, and the Costco opened in November of 2011...

Website
http://www.herringgroup.com/projects/the_village_at_riverwatch

Site plan
http://www.loopnet.com/Attachments/B/F/E/BFEFAA4B-6003-467C-A990-6E21BCC...

Little Lamb
46900
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Little Lamb 10/04/12 - 04:16 pm
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@ RM 2:29 p.m.

I was thinking similarly about the description. Have you ever seen an apartment developer press release telling us about the low-end apartment complex he's planning to build?

You guessed it...Frank Stallone
83
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You guessed it...Frank Stallone 10/04/12 - 04:30 pm
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3
Countyman...

Columbia County is a better place to live than RC. Since you are so good a research, why don't you compare income levels between the two counties. It would tell you all you need to know about where the affluence is in the CSRA. Stop overthinking this.

Oh, and by the way, this snazzy new apartment complex will ultimately turn into a low-cost housing complex and haven for junior enlisted military with new found freedom from the barracks.

F4therTime
4656
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F4therTime 10/04/12 - 04:56 pm
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This coming from someone...
Unpublished

That rents and doesn't pay property taxes in RC like I do....you inflated the pop more than a thousand...you inflated it 7000, funny how you got all over RM for being off by 6% on the racial makeup but you can skew your numbers without being called out on it? BTW I don't bash Augusta, I bash what the politicians have let it become. Ride Gordon Highway from Walton Way to Barton Chapel and tell me how nice it is...look at all the closed stores, banks, car lots, etc etc.

countyman
20581
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countyman 10/04/12 - 05:18 pm
5
6
I could easily say West

I could easily say West Augusta, Summerville, Forest Hills, and the CBD are better places to live than any area in Columbia County.. Compare the income levels in these places versus Harlem, Grovetown, Martinez, and Evans??

F4ther time... The 2006 estimate of RC was 194,398 and the 2010 population was 200,549... I clearly made sure to separate the 2006-2010 gain from the overall 2000-2010 decade...

F4therTime
4656
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F4therTime 10/04/12 - 08:09 pm
6
5
Wonder why?
Unpublished

Your count is different than the census takers. I buy their count. Besides, you have no way of knowing what the true population was in 2006. The population change between 2000 and 2010 was less than 1000 people. There is no way RC gained 7000 people in 4 years. Stop it already.

Willow Bailey
20603
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Willow Bailey 10/04/12 - 10:03 pm
6
3
Countymam, calm down. You

Countymam, calm down. You take all of this too personally.

F4therTime
4656
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F4therTime 10/04/12 - 10:08 pm
6
2
I don't understand...
Unpublished

Why I can't make a comment about the place I pay taxes in without being called a basher...I love Augusta...it's my home...but it gets old paying higher taxes to see my money spent downtown on things like the Mariott conference center and the parking garage while south augusta is given a token bone every now and then....

countyman
20581
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countyman 10/04/12 - 10:38 pm
5
6
The citizens of Richmond

The citizens of Richmond County voted for the TEE center, and there's a $20 million magnet high school about to open in South Augusta... Not to mention the millions of dollars being invested into Diamond Lakes...

My population count is the exact same numbers as the census... The 2006 estimate came straight from the US Census..... They give odd year estimates all the time including the 2011 estimate released a few months ago...

Stop it already.... Let's see you try and spin this.. Please scroll down to the year 2006 total population..

http://www.augustaga.gov/DocumentCenter/Home/View/332

Willow Bailey... I don't have anything personal against nobody ,but only think it's funny how some of the people living in Columbia County quickly become defensive.. When the citizens of Richmond County have to deal with the negative and exaggerated comments daily..

F4therTime
4656
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F4therTime 10/05/12 - 08:29 am
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2
Estimate...not real.
Unpublished

Estimates and projections...not real. I can project that RM will move to RC that doesn't make it so. I don't live in columbia county and even if I did so what? This is an open comment board...ignore those you don't like. Once again what the voters passed is not what we got. The garbage tax? Not bid on..I pay property taxes...you don't...I have earned the right to complain.

OpenCurtain
10049
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OpenCurtain 10/05/12 - 07:47 am
3
1
Predicting the future?

Another 250 units should bump up the crime in area pretty quickly.

Thought this whole area was zoned for Businesses.

Riverman1
86851
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Riverman1 10/05/12 - 11:16 am
2
1
"Caye said Giddings Group has

"Caye said Giddings Group has been an equity partnership firm for years. "

I'm curious about something. The info I find on the company says it was formed in 2012. Which is accurate? In what other areas have they built apartments?

countyman
20581
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countyman 10/05/12 - 12:21 pm
1
0
Let's please stop because you

Let's please stop because you have no idea what I pay, and what properties I own throughout Augusta.. The 2006 estimate came straight from the US Census... I guess the 2011 estimate released a few months ago from the Census isn't quote 'real' either...

I didn't see the crime rate jump when the Parc at Flowing Wells opened next to ADP.... The Estates at Perimeter didn't cause increased crime around Doctors Hospital or the Double Tree hotel... Kroger is building a new access road/two 4k sq. ft. buildings, and Costco opened in November of 2011... The Century Glenn & Century Hills apartment complexes on Alexander road aren't hurting the business in the area...

People who can afford to pay $800-$1400 per month won't be on the news for robberies, burglaries, car break ins, etc...

Riverman1
86851
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Riverman1 10/05/12 - 01:56 pm
1
1
About Apartments

Here is a quote from one development company based in Georgia. "Asset holding periods will typically range from 3-7 years, depending on the projected time period required to maximize the investment return."

So if a company develops apartments and sells in 3-7 years with a tidy profit, no one knows what will become of the "luxury" complex. As LL said, I'll bet all apartments start with advertizing saying they are high end. I still can't find any other areas Giddings has built apartments.

countyman
20581
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countyman 10/05/12 - 02:05 pm
1
1
I guess we don't know what

I guess we don't know what will become of the Ansley Town Park in Evans or the Haven at Reed Creek in Martinez either..

Home 2 Suites by Hilton/Exchange Lane(new road)/Savannah River Bank subdivision(commercial lots), Dunkin Donuts/Which Which/another retailer, Ulta, Mcdonalds, Residence Inn by Marriott at 1110 Marks Church rd, development behind Buffalo Wild Wings, etc at the Augusta Exchange..

Two 4k sq. ft. buildings/access road in front of Kroger on Washington rd, Ruby Tuesday turning into Marlins & Rays Seafood, Walmart coming to Wrightsboro rd, developer purchasing the former Regal Village theater in the Augusta West Plaza, etc in other parts of West Augusta.. Due to the ongoing commercial growth, the area continuing to attract quality tenants won't be a problem...

I'm not even including the major future growth along Jimmie Dyess Pkwy.. The area is more apart of Southwest Augusta(Belair rd, Jimmie Dyess, and Gordon Hwy(btw Jimmie Dyess-Grovetown), and the students live closer to Evans/Glenn Hills compared to Richmond.. The RCBOE should build a new elementary, and then middle somewhere along Gordon Hwy...

Little Lamb
46900
Points
Little Lamb 10/05/12 - 02:23 pm
1
1
Southwest?

Nobody in his right mind would call Belair Rd. "southwest Augusta." Just look at a map and you can see it is not in the southwest part of the county.

countyman
20581
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countyman 10/05/12 - 02:30 pm
1
0
Several of the people who

Several of the people who live in the area call it Southwest Augusta...

I hope you're not getting Belair rd(Wrightsboro rd to Powell rd) in Richmond County confused with the South Belair rd(Martinez), North Belair rd(Evans), and Old Belair rd(Grovetown address) in Columbia County...

Once you enter Columbia County Jimmie Dyess starts to change into South Belair rd..

Little Lamb
46900
Points
Little Lamb 10/05/12 - 02:31 pm
1
1
Zoning

Open Curtain posted:

Thought this whole area was zoned for Businesses.

Well, in one sense an apartment complex is a business, but I understand what you mean. Even though Richmond County has zoning, it's pretty much meaningless. Any developer can get his parcel re-zoned with the right grease.

For a little extra payola you can even get flood-prone areas zoned for residential.

Riverman1
86851
Points
Riverman1 10/05/12 - 03:28 pm
1
0
I didn't agree with the

I didn't agree with the policy, but Columbia County has only a few areas where apartments will be allowed. Only 12 complexes can be built in the forseeable future and those are mostly towards the lake. That one across from Belair Elementary has very high rents. $1400, by the way.

Columbia County limited the apartments because of supposed strains they put on the community such as with schools. I actually didn't think that was a good idea. I wouldn't be surprised if Columbia Cty isn't sued in the future because they have limited apartments, i.e. low cost housing. Good for Richmond Cty providing this type housing.

Riverman1
86851
Points
Riverman1 10/05/12 - 03:32 pm
1
1
Countyman, I'm just being a

Countyman, I'm just being a realist and quoting investment info from a big apartment developer in the state. One with very close connections that I won't get into here to this developer. They try to make a profit in 3-7 years and SELL.

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