Proof of Housing Resurgence?
We've been hearing for some time that Atlanta's housing market has returned. But it took plans by one local developer to really raise our eyebrows. We spoke with FrontDoor Communities' Terry Russell about the firm's recent purchase of 158 acres in South Forsyth County, which will be transformed into a 400-home community (yes, actual single-family residences). FrontDoor and Providence Realty Group plan to develop the homes (from $300k to $500k) starting next year. "I don't know how much time you spend in South Forsyth County, but it's hot, hot, hot," Terry says. "And there will be a shortage of home sites in metro Atlanta on the supply front in the next 12 to 24 months."
This is FrontDoor's first project in its hometown. It has developed other communities, including Tributary and Watermark near Charleston and the 2,300-acre Reunion Resort community near Disney World (above). According to FrontDoor's Website, the Forsyth community is named Traditions. Terry says a dozen parks will be incorporated into the project, as will 184k SF in commercial space.