“Mercy is eager for us to enter into this agreement,” said South Rome Redevelopment Agency Chairman Jim Keaten. “We are going forward with all deliberate speed.”
Mercy Housing is proposing a 77-unit senior living apartment complex at the corner of South Broad Street and Etowah Terrace, a project that is being held up by a challenge to the rezoning of the property.
They had hoped to close by the end of this month.
Opponents of the Etowah Village project won a victory last week when the Georgia Court of Appeals agreed to hear a discretionary appeal of Floyd Superior Court Judge J. Bryant Durham’s dismissal of the legal action in June.
“We’re very fortunate that we picked the right development partner,” said Karen Moore, executive director of the South Rome Redevelopment Agency. “I don’t know if we had picked a for-profit developer that they would have stayed with us.”
Representatives of Mercy Housing were in Rome on Tuesday, meeting with Georgia Power officials at the Etowah Terrace property. Mercy has agreed to pay $420,000 for the property for the first phase of its proposed development in South Rome.