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ATLANTA-The first phase of Georgetown at Perimeter Walk, an 88-unit townhouse and carriage house development, is scheduled to be completed by the end of the year. The first phase will include 32 units in four buildings.

The project is being developed by Richard Aaronson Signature Homes, Atlantic Realty Partners’ for-sale division. Construction began in April and the sales center will open in September. The sell-out value of the project will be $28 million. “So far we’ve had an incredible response to the project,” project manager Andrea Dunlop tells GlobeSt.com. “We’re hoping that the first phase will be completed by the end of the year and we’ll begin the second phase at the beginning of 2007.”

The project will include one-, two- and three-bedroom units ranging in size from 918 sf to 2,171 sf. Among unit features are hardwood floors, gas fireplaces and stainless steel appliances. Sales and marketing of the units, which start at $199,900, will be handled by Coldwell Banker the Condo Store. The project is next to the 44-acre Perimeter Place, a recently constructed mixed-use development that contains retail, restaurant and other uses. “We’re trying to build a sense of community in the area,” Dunlop says.

The developer is looking to capitalize on growth in the area, which is close to Interstate 285 and GA 400. It is one of Atlanta’s largest office markets and one of the top 10 retail markets in the US. The project is also being designed as a walkable community where residents can live, work and shop in the area. “Georgetown at Perimeter Walk will cater to those who don’t want to be in a high-rise or mid-rise condominium and are searching for a home where they can walk out their door into the open air,” says Richard Aronson Signature Homes president Richard Aronson, in a released statement.

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