New Construction
The development will be called Sugarloaf Landing and feature 114 build-to-rent townhomes.
The buildings are the first ground-up components of the $5 billion sports-and-entertainment district taking shape over the Gulch.
The number of homes under construction rose during the month, as homebuilders continued to work through a large backlog of homes.
The future communities will deliver 56 new single-family homes and townhomes to Mableton and Marietta.
Crestwind Township will include 260 build-to-rent townhomes and 129 single-family homes for sale.
The move comes as the company prepares to begin construction of the 37-home second phase of the development, Sweetwater Springs.
The mixed-use tower will bring 460 apartments and 97,500 square feet of commercial space to Midtown when it opens in late 2024.
The city’s housing authority chose a joint venture of developers to redevelop the long-vacant site of the former public housing project.
The Oak Grove Vista project will be developed on 33 recently acquired acres on Jonesboro Road.
The awards from the Greater Atlanta Home Builders Association cover all aspects of the building process, from master-planned community to best online ad.
Mortgage rates continued to weigh on homebuyers in September, following a brief uptick in new-home sales in August.
The complex is part of a larger master-planned community, which will include single-family homes and restaurant and retail space.
Related Development has proposed a mixed-use project that would take advantage of Children’s Healthcare of Atlanta’s nearby billion-dollar expansion.
New home construction missed analyst estimates in September, falling 8.1% month over month to an annual rate 1,439,000 homes, according to government statistics.
Atlanta homebuilder Paran Homes is developing the community in a joint venture with Los Angeles-based real estate investor PCCP LLC.
The head of the Atlanta Preservation Center reportedly said the L-shaped tower would “besiege” an adjacent historic apartment building.