Real estate news in South Florida
Atlanta homebuyers should brace themselves amid expectations the residential real estate market could see double digit growth next year.
The builder expects the homes to range in size from 1,800 square feet to 2,200 square feet and be priced between $499,000 and $550,000 each.
The strategic partnership will initially target developments in six metro areas where both companies have a “significant or growing presence”: Atlanta; Austin, Texas; Boston; Denver, Orange County/San Diego, Calif.; and Seattle.
The new executive previously worked as vice president of sales at Rockhaven Homes.
The 355-unit building is a key element of the Midtown Union mixed-use development, which will also include a 26-story, 612,000-square-foot class A office tower, a 23-key Kimpton hotel and 32,000-square-feet of street-level retail.
“Be yourself. There is no one ‘right way’ to succeed.” — Kristen Mehr, Realtor, Truly Fine Homes, RE/MAX Around Atlanta, Sandy Springs
In what’s been a historic, frantic market, homes selling for large sums over list prices have risen sharply since January.
Besides the Lawrenceville asset, the investor also recently purchased a 316-unit community in Melbourne, Fla., and a 45-unit development that is part of a mixed-use community in downtown Verrado in Phoenix.
The larger of two land parcels the company acquired spans 652 acres and is in Atlanta’s northwest suburb of Acworth. The future community, to be called Pinehills Trails, will offer 1,302 homes
The second phase of the community is slated for an early 2022 opening.