(To read more on the multifamily market, click here.)
ATLANTA-Cousins Properties Inc.'s proposed 141-acre, 269-home project adjacent to Lost Mountain Park is still on the table despite suffering a zoning request setback in October from Cobb County commissioners.
The locally based REIT has revised its plans to include a senior housing component, a factor that swayed commissioners and set up a February vote on the new proposal, county staffers confirm for GlobeSt.com.
Commissioners had voted 3 to 2 against Cousins' request to rezone the environmentally sensitive land near the park, largely because they felt the proposed lot sizes were too small and would not complement the adjoining neighborhoods, brokers familiar with the issue tell GlobeSt.com.
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