News
Atlanta Commercial Real Estate

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.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Emory Takes Over Proton Center For $82M: The Atlanta Deal Sheet

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

Dewberry's Midtown Eyesore Quietly Resolves $75M Mortgage

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines