(To read more on the multifamily market, click here.)

FAIRBURN, GA-Martha Stewart Living Omnimedia and Los Angeles-based KB Home are jointly planning Hampton Oaks, their second Southeast townhome and single-family community. The development will rise on a 480-acre tract next to the Chattahoochee River in south Fulton County.

According to KB Home’s website, the swim-and-tennis-oriented project will have 800 homes priced from $200,000 to $400,000. Area brokers tell GlobeSt.com the project will have an estimated build-out value of $240 million. About 700 potential buyers are on KB Home’s preliminary sales reservations list, according to marketing sources working with KB Home CEO and chairman Bruce Karatz.

Stewart and KB Home sold out in a week the first 100-home phase of their planned 650-home development last year in Cary, NC, area marketers familiar with the project tell GlobeSt.com.

Hampton Oaks will have seven models and 13 floor plans offering one-story and two-story homes with three, four and five bedrooms and 2.5 to three bathrooms. A two-car garage will come with each home. The average living area will be 1,864 sf to 4,624 sf. Basement home sites will also be available but the KB Home website doesn’t elaborate on those models.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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.

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.