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130-home build-to-rent community in the works for Stone Mountain 

by John Yellig

Atlanta homebuilder Paran Homes and Los Angeles-based real estate investor PCCP LLC are set to break ground on Heritage at Panola, a 130-unit, single-family build-to-rent community in Stone Mountain.  

Development of the 22.9-acre site, located at 1717 Panola Road, is underway; the community is expected to open in 2024. 

“This is PCCP’s second investment with Paran Homes, an experienced Atlanta-based homebuilder and developer,” PCCP Vice President Andrew Barbakoff said in a press release. “Heritage at Panola is a well-conceived residential community located within one of the nation’s fastest-growing markets spurred by a strong local economy and population growth.” 

The neighborhood will comprise 56 four-bedroom, two-and-a-half-bathroom townhomes units with an average size of 1,420 square feet and 74 four-bedroom, two-and-a-half bathroom detached single-family homes with an average size of 1,892 square feet. Each unit will feature stainless-steel kitchen appliances, washer/dryers, two-car garages and walk-in closets in the primary bedroom.  

Community amenities will include a pool with a cabana, clubhouse, patio, walking trails, dog park and on-site management. The property is adjacent to Publix, Lowes, Walmart and the Mall at Stonecrest. 

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