The land that is involved in the deal with Ben Carter Properties is owned by the Geo. M. Adams Co. Inc., which was established about 10 years ago by George Sr. George Jr., Ed, Charlotte and Phillip are partners in the company. The four bought out younger brother William shortly after their father's death in 1995. The land has been divided into shares and those shares have been placed in a trust for the 13 children of George Sr., Ed, Charlotte and Phillip. If this deal goes through, the family will have 57 acres remaining on the west side of Veterans Parkway.
Plans call for subdividing that land for businesses and restaurants.
Ala. The 3,500-acre farm is located in southern Russell County and northern Barbour County. The Adams land has been in the sights of developers for a long time. When J.R. Allen Parkway opened in 1989, it became prime property. It offers easy access from just about all points in the Chattahoochee Valley. Shortly after J.R. Allen Parkway opened, New Market, an Atlanta developer, made the first pass at the land.