The builder began selling single-family homes from its Monarch Collection there last year. The new Mariposa Collection will feature townhomes priced from the upper $700,000s.   

The community will bring 274 apartments, seven townhomes and 7,700 square feet of retail space to the Atlanta suburb of Newnan. 

The developer is now working on phase two of the Gwinnett County project. 

The Florida developer is in the midst of assembling a parcel on 14th Street NE near Piedmont Park. 

Killer Mike’s Blackmon Real Estate firm is partnering with residential developer Bridge Tower Group. 

The median sales price of new homes sold in April rose 8% to $422,500 from $391,100 in March, the U.S. Census Bureau and the Department of Housing and Urban Development reported.

The first phase of the build-to-rent community will bring 152 homes to market. 

Atlanta homebuilding veteran Bill Schmidt will lead the company’s efforts in the Atlanta market. 

Despite a monthly decline, the rate of new-home construction still came in above consensus estimates. 

The firm is the multifamily development platform of global real estate investor GID. 

The single-family homes are priced from $630,000 to $690,000.   

Among the top 50 metro areas, Boston and Miami led the pack. 

Builder confidence saw a modest bump in May, but affordability challenges continue to weigh heavily on the housing market, according to new survey from the National Association of Home Builders. 

Trilogy acquired the project through its land development platform, Tierra Development. 

The 30 homes will be built from Traton’s new Founder’s Series of plans. 

The city council rejected Parkland’s original, higher-density development proposal for the site in 2022.