An Atlanta developer whose partners include former Post Properties CEO John Williams has been trying to work out a deal to build a large apart
ment complex in Johns Creek.
The developer, Newport Development LLC, retained Hartman, Simons, Spielman & Wood partner Yvette Fallone-Tietje to advise on negotiations to acquire property for the apartment complex.
Newport has had contracts to acquire two parcels in Technology Park/Atlanta’s Johns Creek development, Fallone-Tietje said. Last year, the Johns Creek City Council rejected Newport’s application to rezone one of the parcels to residential. Newport is evaluating whether to submit a re-zoning application for the second parcel, she said.
Newport has not closed on the purchase of either parcel, she said. Smith, Gambrell & Russell partner Mark Pottorff is advising the seller of the second parcel, Wegener Communications Inc.
According to the property sale agreement that Wegener filed with the Securities and Exchange Commission, Newport has planned a 225-unit apartment complex called The Woodlands at Johns Creek. It would be located next to Wegener’s corporate headquarters on Technology Circle in Johns Creek.
Newport’s development portfolio includes apartment complexes in Suwanee and Vinings, as well as four other projects in the works. One of those is The Park at East Paces [photo, above], a condo and townhouse development at East Paces Ferry Road and Roxboro Road. Newport was founded in 2003 by commercial real estate executives Robert Krause and Richard Stephens. Williams is a minority investor in Newport.