Green Brick Partners is making a big push in the Atlanta market after it purchased two separate properties and announced plans to build more than 150 homes in the area, reports Atlanta Business Chronicle staffer Phil W. Hudson.
The Plano, Texas-based builder bought 10.4 acres in downtown Alpharetta, Ga. for the construction of a mix of 83 single-family and town home units. Pricing for the single-family homes is expected to be from the $590,000s while pricing for town homes is expected to be from the $450,000s.
In a separate transaction, Green Brick bought 6.4 acres for the construction of 70 town homes with pricing expected from the $260,000s.
At each location the homes will be constructed and offered for sale by The Providence Group of Georgia, a subsidiary of Green Brick, while Green Brick itself will provide development and construction funding.