Frequently Asked Questions
Zoning
GENERAL COMMERCIAL (C-1 and O-I) – Dekalb County – Decatur, GA
Number of Buildings
Six (7) Buildings – up to 70 Units
Size of Buildings and Units
A. 6,048 square feet (Four (4) - 1440, 1512, 2061, & 1035 square
feet Units) Completed
B. 12,906 square feet (Ten (10) – 1080sf (6 end units),
1080sf(6) Completed
C. 18,000 square feet (Sixteen) (16) – 1,260 square feet
(4), 1,080sf (12) Completed
D. TBD (Twenty (20) – 1,500 square feet (20
units) Proposed
E. TBD (Thirty (30) - from 899 square feet to
1600 square feet Units) Proposed
Unit Amenities
- Standard Features & Information
- All units directly face S. Rainbow Dr.
- Available from 1080 sq.ft. to 2,061 sq .ft., some units can be
combined
- Pre-construction incentives and customizing (Phase II only)
- Turn-key build-out includes:
- Drop ceiling, (frame only), and insulation
- Electronic fluorescent lighting systems
- Thermostat controlled heating & air conditioning
- Private restroom
- Basic mechanical and electrical work
- Walls sheet rocked and painted white
- Storefront, glass and doors
- Roof R30 insulation system
- Unit floor — finished with laminate floor not to exceed 0.65
per foot for materials or similar grade/cost flooring.
- Custom design theme of brick, stone and stucco exterior
- Custom masonry shades and colors for maximum architectural impact
- Common area maintenance (CAM) estimated at $1.00 per square foot
- All units metered for electric and water
- Gas metering is available
- Professional landscaping throughout entire community
- Professional streetscapes include decorator sidewalks, and
greenery
- Decorator islands throughout parking areas
- Owner controlled condo association
- One deeded parking per unit (optional)
Floor Material
Wood Decking
and Concrete Slab
Exterior Signage
Signage space will be above each unit
Buyer Responsibility
Buyer responsible for interior repairs, such as doors and openers, windows, lighting and et cetera.
Fire Sprinklers
As required
Exterior Security Lighting
Building has exterior security lighting for tenants and customer safety
Exterior Storage
Exterior storage will not be allowed
Allocated Parking Spaces
Tenants are allocated parking spaces based on size of unit(s) purchased. All tenants have use of the "common area". Additional deeded parking available for $7,500 per space.
Association Dues
Association dues will be approximately $72-$101 per month.
A. To facilitate documentation of yearly expenses and capital outlays, excel spreadsheets will be generated to project short term and long term capital needs. The program will ensure and outline that the association maintain adequate funds to cover short-term immediate expenses (Expenses - Short Term) and future long-term expenses (Reserves - Long Term). Future income and expense funds are calculated at a 2.5 percent inflation rate, adjusted yearly:
B. A portion equivalent to approximately 40 percent of the dues will collected for future long-term expenses.
C. Future long-term expenses include roof, exterior walls, re-painting, drives, curbing, landscaping and sidewalks.
D. The reserve capital fund shall be the sole property of the association, not individual condominium units.
E. Under no circumstance should any funds contributed be reimbursed to contributing units due to a future sale of unit(s) or any other request.
F. Dues pay for:
- Insurance
- Security
- Fire
- Sewer/Water
- Irrigation
- Exterior Lighting
- Mowing
- Yard Sprinklers
- Trimming/Pruning
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