The second phase of the community is slated for an early 2022 opening.

Developer Mill Creek is seeking to develop a 30-story tower on 10th Street NE, while Property Markets Group is proposing a 33-story building on Peachtree Street.

The sale represents the New York-based firm’s almost complete exit of the single-family rental homes it purchased in the wake of the financial crisis.

The residential portion will be known as the Abbington at Ormewood Park, while the commercial component will be called The Lodge in honor of the historic Masonic Lodge that will be the centerpiece of the development.

The Atlanta-area communities are in Alpharetta and Sugar Hill, while the Texas projects are in Frisco, Allen, McKinney, Forney, Princeton, Grand Prairie and Waxahachie.

All open-concept designs will offer three bedrooms, two-and-a-half baths and two-car garages. They will range in size from 1,671 square feet to 2,090 and be priced from the mid-$300,000s.

The amenity-rich community offers one-, two- and three-bedroom apartments, and one-bedroom rents start at $1,147, while two-bedrooms start at $1,504.

Covington Town Center, a 131-acre project currently under construction, will also include a movie theater, a Publix supermarket, commercial office space and two flagship Marriott hotels within walking distance of the residences.

The 19-hole Oaks Golf Course will be replaced with 142 single-family houses, 190 townhomes, 360 apartments and 143,000 square feet of retail space.

The five-story, wood-frame building will be located on the future Westside Beltline Trail and one mile away from the Westside Reservoir Park at Bellwood Quarry.

The three-story building at 1223 Canton will replace a single-family home that, like its neighbors, has been converted to office use.

The national homebuilder will tear down five older single-family houses to make way for the new master-planned community.

Station 496, as the project will be known, will bring 123 affordable-housing units to Boulevard Northeast when it opens in 2022.

The new basement-ready sites will be available this summer.

The project is being developed by Royal Oak Developers and marketed by SET Real Estate Group, which is affiliated with Compass Georgia LLC.

Fortune 500 builder Toll Brothers recently broke ground on Portland Row in the heart of East Atlanta Village.