Traton Homes plans to finish what another townhome developer stopped doing. (Like that old saying: "The best laid plans of mice and men get finished by other people.")
Traton Homes just purchased nearly three acres
of developed lots at Lafayette Square—an incomplete townhouse community
at the corner of Georgia 400 and Spalding Drive in Sandy Springs. The company plans to transform those 25 existing lots
into townhouses that mirror the existing community, says KW Commercial's Joe Cannon
, who repped Traton. The company paid $1.2M
for the lots.
Joe tells us Traton also is under contract to purchase another 50 undeveloped lots
in Lafayette Square. (They should save one to be sandlot baseball field for employees to blow off steam.) It's part of the home builder's "aggressive
" acquisition spree in metro Atlanta as the area's home market bounces back
, he says. Traton's other recent buy: three acres off Happy Hollow Road in Dunwoody; the company is pursuing a 20 single-family home project
in Sandy Springs.