Inventory Intel
The recently opened 303-apartment community was sold for $97.5 million, according to Cobb County records.
The homes will be priced in the high $600,000s, with sales slated to begin at the end of March.
The Cumming-based developer plans to use the proceeds to fuel its expansion into new markets.
The Cottages at Southampton offers 250 townhomes.
The purchase of the 188-unit Stewart’s Mill community marks Viking’s 10th Atlanta-area acquisition and 25th purchase overall.
An undisclosed Atlanta-based homebuilder purchased almost 60 acres of the 184-acre master-planned community in Gwinnett County.
The Gwinnett County developments encompass a combined 210 lots.
Trammell Crow Residential and PGIM Real Estate sold the community to Weinstein Properties for an undisclosed amount.
The company’s newest development, Alta Northerly, brings 310 units to the Atlanta suburb. Meanwhile, vice presidents Kelly Keech and Lynne Churillo are taking on the role of senior vice president of operations.
The community has 78 home sites.
The project, Blue Heron Walk, will feature just 11 homes priced in the low-$3 million range.
The property, Novel Midtown, comprises 340 residences spread over 14 stories.
Full build out of the 207-home community, The Cottages at Walker Ridge, is expected by April.
The project will bring 460 apartments, over 87,000 square feet of office space and 14,500 square feet of ground-level retail to Midtown.
Charlotte-based Madison Communities expects to deliver the first apartments in the second quarter of 2025.
The firm, Green Forest Capital, purchased Phoenix Place Townhomes from Pacific West Land for almost $14 million.