Atlanta-based developer and real estate investor St. Bourke has broken ground on the final phases of three “zombie” developments in Buford and Douglasville for Kerley Family Homes.
The communities were partially completed when the financial crisis hit in the mid 2000s, leading their developers to abandon the rest of the projects. St. Bourke has been tasked with finishing the work, which some existing homeowners have been anticipating for as long as 15 years, the company said in a press release.
“St. Bourke is proud to play a role in reviving these once-stalled projects and delivering on the communities’ original visions,” St. Bourke President Ben Simpson said. “Some of these legacy homeowners have been waiting 10-15 years for their communities to be completed, and we are excited to work with Kerley Family Homes to make good on the promises that were made to them when they first purchased their homes.”
Specifically, St. Bourke was hired to revitalize the existing amenity package and manage the horizontal development of the 39-homesite phase two of The Reserve at Chapel Hill in Douglas County, manage the horizontal development of the final 24-homesite phase of the Overlook at Hamilton Mill in Gwinnett County and design and construct a second community entrance and manage the horizontal development of the 18-home phase three of Palmer Falls in Douglas County.
The Palmer Falls Homeowners Association also hired St. Bourke to design and develop the community’s long-awaited amenity package, which will include a pool, community clubhouse and tennis courts.
St. Bourke will also work on eight more Kerley Family Homes pipeline developments that will kick off in the coming months. St. Bourke is partnering with U.S. Construction as the general contractor on the first three projects.
Services provided by St. Bourke for these projects include market research and analysis, due diligence, acquisitions, budget preparation, bid preparation and management, land planning, project scoping and specifications and development management.