But local East Point area residents are expected to challenge the project, now being reviewed for its size and scope by the Atlanta Regional Commission and the Georgia Regional Transportation Authority. The developers want to build up to six homes per acre in an area where a single residence has dotted a five-acre tract for decades, area brokers tell GlobeSt.com. The development mix would comprise 342 townhomes and 286 single-family dwellings.

Lakeside home prices are expected to range from $160,000 to $300,000. That would give the project an estimated aggregate build-out value of $157 million, say brokers. The developers are negotiating to buy the public Lakeside Golf Club from Cobb County-based Hopewell Enterprises which also owns Atlanta International Golf and Country Club in suburban Decatur, GA.

While Lakeside Investment Partners and Resource Real Estate Partners await a development decision from local and state agencies, other developers are also planning projects in the same Camp Creek area, say sources. For example, Ryland Homes is developing Princeton Lakes, a 475-acre, mixed-use venture consisting of 184 townhomes and 825 single-family residences priced from $100,000 to $400,000. Piedmont Driving Club of Midtown Atlanta opened a private golf course four years ago just west of Princeton Lakes.

Oxford Properties is building 317 apartment townhomes next to the second phase of Camp Creek MarketPlace scheduled to open in late 2005. In addition, Duke Realty is developing a 500-acre business center of office and distribution space scheduled for completion in 2010.

Just west of the Lakeside Investment project, John Wieland Homes and Neighborhoods is constructing the 278-home Regency Oaks with units, priced from $250,000 to $300,000. Meyer-Sutton Homes and Forest Homes are developing Heritage Park with 90 townhomes and 210 single-family houses in the $112,500-to-$160,000 range.