New Construction News
RESICAP and Rockpoint Group plan to build on their existing single-family rental and build-to-rent partnerships that have thousands of rental homes in operation or under development throughout the Southeast.
Housing observers noted that demand for housing remains robust despite the lack of new supply.
The development, Continuum Alpharetta, would add 82 for-sale condominiums, 488 apartments, a 218-room boutique hotel, 77,600 square feet of commercial and retail space and 1,028,500 square feet of office space.
The topping out of the office component of the three-tower development brings the project one step closer to its planned third-quarter 2022 delivery.
The Southern Post project, budgeted at $110 million, will bring 128 luxury apartments, nine townhomes, 95,000 square feet of creative-loft office space and 40,000 square feet of retail to downtown Roswell.
“There simply aren’t enough homes for sale relative to the demand fueled by millennials armed with low mortgage rate-driven house-buying power.” — First American Deputy Chief Economist Odeta Kushi
1000 Spring will include 370 residences and 11,000 square feet of retail. Other components of the larger plan include a 525,000-square-foot class-A office building and the historic H.M. Patterson & Son Spring Hill Chapel, which will become a new food-and-beverage-focused venue.
The annual awards, presented by the Greater Atlanta Home Builders Association, cover all aspects of the building process, from master-planned communities to online banner or box ads.
The first model home is a three-bedroom, 2,352-square-foot residence with a den designed by Michael Morris of M. Crisler Designs.
The decrease was driven by a 5.1% month-over-month slide in the rate of multifamily starts, while single-family construction was flat.
Two units in the building will not be sold but instead made available to guests of residents for short-term rental.
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.
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.
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.
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.
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.