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Real estate news in Atlanta
The new executive previously served in the same position at Century Communities and other homebuilders.
The build-to-rent community offers 124 rear-entry, stacked townhomes.
General Manager Todd Emerson was named president.
The project will have a 300-unit, Crescent Communities-branded NOVEL apartment tower.
After a precipitous drop in December, pending sales were up 8.9%, indicating buyers are beginning to reenter the market.
The community was completed last year and is 94% leased.
Founder Jim Chapman will transition to chairman and CEO.
Almost 11,000 new affordable apartments were delivered in Atlanta over a five-year period.
The Reserve Collection joins the Highlands and Manor collections in Bridlefield.
The developer has closed on the land and secured financing from Pinnacle Financial Partners.
The new headquarters is at the 191 Peachtree Tower in Downtown Atlanta.
Altamimi’s focus remains on expanding access to housing in Atlanta, he said.
Located at 1641 Ledgestone Way in Lawrenceville, the neighborhood will feature two-story, single-family homes starting at $1 million.
Atlanta offered prime conditions for buyers — meaning options abounded and price remained in check.
In an online RFQ, AUD welcomes applications from “qualified respondents demonstrating the technical and financial capacity.”
Among the socioeconomic factors putting Atlanta near the top was the city’s cost of living, which sits comfortably at 6% below the national average.
