Developers behind multifamily communities with hundreds of new apartments around Covington have recently applauded an influx of jobs in eastern metro Atlanta, to include growth from companies such as Takeda, Archer Aviation, and Rivian Automotive, the latter of which is scheduled to break ground on a $5-billion facility with 7,500 jobs (eventually) next year.
Other builders are now following suit.
Alpharetta-based Edison Real Estate Partners is moving forward with infrastructure work on a large project called Dobbs Landing, citing the Covington submarket’s rapid growth.
Residential plans call for a mix of 387 standalone houses and townhomes spread across a 110-acre site where Crowell Road meets Harold Dobbs Road.
The property in question is west of Covington’s historic downtown, about 30 miles southeast of downtown Atlanta.
The 110-acre Dobbs Landing site in relation to Interstate 20 and downtown Covington (right). Google Maps
Edison recently secured a $34.9-million construction financing loan from Concord Summit Capital. The developer plans to use loan proceeds to complete lot development across the residential portion of Dobbs Landing.
Edison has inked an agreement to sell the finished lots to an unnamed, national homebuilder, according to Concord Summit reps.
Founded in 2022, Edison is a development and residential real estate investment platform focused on Southeast markets considered high-growth and supply-constrained. It’s completed more than $2 billion in residential and commercial transactions to date, per company officials
According to blueprints, there will be more to Dobbs Landing than places to live.
Full scope of Dobbs Landing plans, with future commercial space shown in red and common space for trails and nature in green. Interstate 20 is shown at top. Courtesy of Concord Summit Capital/ Edison Real Estate Partners
The Newton County Planning Commission approved mixed-use plans for the project totaling nearly 214 acres in summer 2022. The breakdown called for 133 townhomes and 254 single-family houses at that time, along with commercial spaces, preserved wetlands, and wooded areas, according to The Covington News.
Blueprints indicate a future county trail system will also snake through the site.
Covington's TV and film history tracing from The Dukes of Hazzard and In the Heat of the Night to Vampire Diaries has earned the city the nickname "The Hollywood of the South," which other developers have pointed to as an additional perk.
Dobbs Landing site in the context of eastern metro Atlanta. Google Maps
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