Ashton Woods is preparing to break ground in Cobb County in thefirst quarter on a four-story, 128-unit building off Powers FerryRoad. Starting unit prices will be in the $150,000 to $250,000range. Ashton Woods' new project follows its success withChattahoochee Bluffs, just east of Vinings. The 229-townhomeventure was sold out in 14 months. Prices that started at $190,000were increased to $240,000 as sales steamed.

Southern Capital Partners' principals Satish Lathi and Jay Clarkalso plan to break ground in January on a $48-million, 27-storycondo tower near the 31-year-old, 1.5-million-sf Perimeter Mall inNorth Fulton County. The Sembler Co. of St. Petersburg, FL isbuilding a $100-million retail and commercial component aroundSouthern Capital's condo undertaking.

Separately, Pacific Group is developing West Vinings, amixed-use community of six-story condos and single-family homes atInterstate 285 and Atlanta Road. Trammell Crow Co. is completingits nine-story, 172-unit venture on Mount Wilkinson overlookingsuburban Vinings. Penthouse prices are pegged at $2 million.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.