New Construction News

Toll Brothers, PGIM kick off Midtown apartment-tower development
Toll Brothers, PGIM kick off Midtown apartment-tower development

A joint venture between the homebuilder and asset manager secured a $96 million construction loan facility from Wells Fargo Bank to cover development of the 376-unit property.

Two developments to bring 35 for-sale homes to Alpharetta’s Main Street
Two developments to bring 35 for-sale homes to Alpharetta’s Main Street

A plan to build 11 single-family detached homes has been approved by the Alpharetta City Council, while a proposal for 24 condominiums has been approved by the city’s planning commission.

Co-living brand enters Atlanta with plans for 33-story tower on Peachtree
Co-living brand enters Atlanta with plans for 33-story tower on Peachtree

The tower’s residences will comprise a mix of traditional apartments and “rent-by-bedroom” co-living units. Delivery is slated for first quarter 2024.

Huffstickler of Engel & Völkers Atlanta: Condo market a “seller’s paradise”
Huffstickler of Engel & Völkers Atlanta: Condo market a “seller’s paradise”

Today’s condo environment is a far cry from the first days of the pandemic, when people were told to stay home and stay away from one another. 

New-home sales rise in August
New-home sales rise in August

The seasonally adjusted estimate of new houses for sale at the end of July was 378,000, representing a supply of 6.1 months at the current sales rate.

Beazer plans 212-townhomes on 54 acres in Gwinnett County
Beazer plans 212-townhomes on 54 acres in Gwinnett County

A rezoning application to allow for the development of the community was recently approved by the Gwinnett County Planning Commission, with conditions.

31-story residential tower proposed for Midtown
31-story residential tower proposed for Midtown

Atlanta-based developer JPX Works plans to raise a 31-story building at 1405 Spring St., according to a proposal presented to the Midtown Development Review Committee.

Marietta’s Traton Homes launches Florida division, hires local president
Marietta’s Traton Homes launches Florida division, hires local president

Traton Homes will launch its Florida operations in Bay and Walton counties this year and plans to focus on the Panhandle region.

Real estate investor, local developer team up for Clayton County affordable-housing community
Real estate investor, local developer team up for Clayton County affordable-housing community

The communities are the Flats at Mt. Zion, a 210-unit apartment community aimed at families with children who attend Mt. Zion elementary and primary schools, and the Villas at Mt. Zion, a 96-unit independent-living property for residents 55 years old and older.

New-home construction falls in July
New-home construction falls in July

“The bright spot in an otherwise underwhelming report comes from the increase in the overall number of permits issued, which can signal how much home construction is in the pipeline.” — First American deputy chief economist Odeta Kushi

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