Page 15 - The City of Smyrna GA 2019 Annual Report

DEVELOPMENT- MARKETVILLAGEANDSMYRNAGROVE SMYRNA MARKET VILLAGE
• 90% occupancy for the last two years
• The Porch Light Latin Kitchen is continuing to negotiate the terms and conditions
of a lease to expand their restaurant into the adjacent space previously occupied by Edward Jones Financial Services at 300 Village Green Circle. Additional space would accommodate a bar area and additional seating.
• Edward Jones Financial moved to 1295 West Spring Street inside Smyrna Market Village.
• River City Church has recently expanded into the space at 300 Village Green Circle. (Previously occupied by Ozone Fitness.)
• A new specialty bakery will be going in the old Shane’s Barbeque space. SMYRNA GROVE
• A 48-acre tract of land, located in the NW corner of the city, is being developed with 193 single family detached units ranging in price from $350,000 to $460,000.
• The property was sold to S.E. Capital LLC in late 2014. The development, a public- private partnership with the City of Smyrna and S.E. Capital, is well underway with most of the completed homes already occupied.
• 172 homes have closed and are occupied; 13 homes are under contract and 17 homes are under construction. The average sales price is approximately $433,000.
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2019 ANNUAL REPORT