New Construction News
The new downtown development will bring 226 apartments to a 6.6-acre site.
The Howell, as the community will be known, is located at 1950 Howell Mill Road.
The Atlanta-based developer plans to break ground this month on 50 recently acquired acres.
The first of the six-phase strategy covers about 40 acres for 78 new lots in the Edenwood master-planned community.
New-home inventory rose to 444,000 homes in May from 437,000 homes in April, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
Sawnee Village will have more than 474 homes and be valued at more than $400 million when fully built out.
The work comes as Roswell officials have cracked down on the construction of new standalone multifamily buildings in an effort to slow population growth and encourage mixed-use development.
The condominiums and townhouses are in three new developments by Empire Communities.
New-home completions rose during the month, however, with the increased inventory representing a rare bright spot in an otherwise gloomy government report.
The residential community is part of a larger development rising at the intersection of GA 400 and Settingdown Circle.
One of the five communities acquired is in Covington, while the others are in Florida, North Carolina and Tennessee.
Work on the communities stalled when the Great Recession hit in the mid-2000s.
The mixed-use project will stand at 811 Peachtree St. and offer 460 apartments, 81,000 square feet of office space and 16,500 square feet of retail.
The county far outpaced its neighbors in terms of housing starts, closings and lot deliveries in the first quarter, according to a new report from asset manager and developer St. Bourke.
The rate of new single-family home sales fell 16.6% from March’s revised number, while the median sales price jumped to $450,600 from March’s revised median house price of $435,000.
The 55-plus rental community is budgeted at $35 million and is backed by Grammy award-winning Christian musician Lecrae Moore.