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ATLANTA-Newport Development's newly opened Prescott at ParkPlace in suburban DeKalb County has sold 70% of its 110 condominiumhomes at prices ranging from $180,000 to $320,000. The sales givethe developers an estimated first-week gross sales of at least $20million, area residential brokers familiar with the CentralPerimeter location of the project tell GlobeSt.com.

Atlanta developers John A. Williams, Robert F. Krause Jr. and J.Richard Stephens Sr. and Jr. are the company's principals. Krauseand Stephens Jr. formed the company in 2003. Niles BoltonAssociates Inc. designed the 2.5-acre community off AshfordDunwoody Road and Perimeter Center East, adjacent to the Park Placespecialty retail center and condo development and within walkingdistance of the 1.48-million-sf Perimeter Mall in Fulton County.The newly completed Park Place was the team's first venture.