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ATLANTA-Known for its garden apartment communities in the suburbs, Post Properties is switching gears. The developer's 16-story, 121-unit apartment project six miles north of Downtown is shooting for a spring 2002 completion.
RALEIGH, NC-KRC Avalon Woods, developer of the 152,000 sf, 76-bed Magnolia Glen retirement community, has been approved for a $20 million construction loan on its Creedmoor Road venture.
SAN DIEGO-A locally based biomedical firm will build 60-acre R&D and manufacturing facility in North County suburb of Oceanside that could employ up to 2,400.
ORLANDO-The 2,900-acre International Corporate Park is making its first sale in years. Dallas distributor Sierra Stone Inc. has contracted to buy 37 acres for a 200,000-sf distribution center. The estimated contract price is $3.22 million or about $2 psf. The park is zoned for 20 million sf of commercial.