Inventory Intel
The garden-apartment project sits on more than 23 acres adjacent to Sugar Hill’s new master-planned downtown.
The properties, which were purchased for an undisclosed amount, total 1,080 apartment units.
The 40-unit garden-apartment community opened in 1962 and is located at 3518 Roswell Road.
The properties are Park Estates, a 138-unit community of two-bedroom, 1,050-square-foot apartments and Austin Estates, a 118-unit complex.
The development is the first to take advantage of Johns Creek’s new TC-X mixed-use ordinance, which was enacted to facilitate the development of the city’s 192-acre Town Center Vision and Plan.
Financial terms were not disclosed, but the property last sold for $42 million in June 2019, according to Dekalb County records.
Highlands of Decatur will bring 46 new homes to Flat Shoals Road between Gresham Park and Panthersville.
The properties encompass a total of 592 apartments.
Royal Estates will have 173 single-family homes priced from the low $400,000s.
The 300-unit community in Lawrenceville is slated to open in early 2024.
The 205-unit community was rebranded Gibson by Radius.
The development is situated in Loganville in an area “known for its equestrian lifestyle, with many beautiful horse farms that create a quiet pastoral setting,” the developer said.
The development, which is located on the corner of Peachtree Road and Terrace Drive, will offer 144 residences and a host of amenities.
The development, located at 4151 Memorial Drive, will comprise five seven-story buildings.
The communities encompass 243 homesites and are located in Dallas, Winder and Homer.
Located at 500 Pleasant Hill Road NW, the development experienced organic rental-rate growth of more than 18% over the last year.
