NEWNAN, GA-A joint venture of locally based Diplomat Cos. and Lawrenceville-based Kennedy Capital Group LLC plan to begin construction by the end of the year on a $150-million, mixed-use project. Newnan Village Crossing will encompass one million sf.

The project, located on a 125-acre parcel in Coweta County, will consist of three hotels, medical offices, retail space, restaurants, and an assisted residence facility. The first buildings are scheduled for occupancy within a year. Kennedy Capital Group chairman and CEO Marty Kennedy tells that a master plan has been developed for the project, but specific details about each component of the project have not yet been finalized.

The hotel will be constructed during the project’s first phase on 22 acres. A hotel operator has not yet been selected. Leasing efforts for the other commercial space in the project have not yet started. The build-out for the entire project is expected to be two to three years, Kennedy says.

“This site prominently located at Interstate 85 and Highway 34, offers more frontage and visibility to main travel arteries than any other land parcel in the area,” says Diplomat Cos. CEO R.C. Patel, in a prepared statement. “We’re creating a lifestyle development–a master-planned community of buildings that are carefully designed to work together, while blending into their natural setting.”

The project is about 25 miles south of the Atlanta Hartsfield-Jackson Airport in an area that has been experiencing considerable growth. The project is also near Piedmont Hospital, which is currently undergoing an expansion, and a Kia plant, which is under construction. “The project is in a very thriving area with lots of retail surrounding it,” Kennedy adds. “We were fortunate to be able to secure one of the last remaining large parcels of land.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.