105 Total Lots - 64 Lots left - 40 4,000 SF Lots, NO amenity installed yet. Excellent location right off Lawrenceville Suwanee Rd., just a mile west of I-85 and ¼ mile from Satellite Blvd. Within walking distance of Taco Mac, Chilis, Moes, Atlanta Bread Company, Suwanee Gateway (OPUS Mixed-Use Development Under Construction) and numerous other retail tenants in the immediate area.
103 town home lots(132 total) in Dec 2008. Original note was for $11,550,000 ($87,500 pad).
Atlanta Road Development (ABG Development) developed the town home pads in an attempt to sell for +/-$145,000 ea. but then decided to create a home building company which built the existing structures.
103 24 * 49 pad lots left. Of the 29 units built only a couple have sold mid $300s.
Bank provided a revolving loan to Magnolia Residential LLC out of Miami, FL in March 2007 for $6,450,000 ($83,800 per lot) as of Nov 2008. Loan looks to be guaranteed by four individuals Luis & Ana Machado, John & Cindy Santander.
Very nice looking entrance and amenity already installed. 77 Lots most being 90 fronts, 11,000 sf min.
Houses Price in the High $500's
48 lots for +/-$131,250 per lot over an 18 month period.
48 fully developed lots (Total) +/-37 Lots left - most being 50 60 fronts, +/-6,000 SF plus. 11 of the remaining lots are rear entry. The worst lots up against McGinnis Ferry have homes that have been constructed and for sale.
49 Total Lots - 38 Lots left - 60 6,000 SF Min., No amenity installed yet. Entrance is a basic entry and may need a fence or some sort of dressing along James Rd.
+/-20 lots are slab lots and +/-18 are basement lots. Convenient location west of Hwy 9, south of McFarland Rd and east of Union Hill / McGinnis Ferry.
Site includes 33.7 acs - 60 Lots Total - 60 fronts, 45 product, NO final plat recorded as of September 2008 but should be ready to record. Excellent location just north of Hwy 9 on Post Rd., next to a private Christian School, within a mile of Vickery Schools and the Vickery mixed-use development.
16 Lots (21 Total) - Most lots are on a cul-de-sac and are 11,000 sf or greater, with a frontage of 65 min. low to mid $300s would work great here or higher for a semi-custom builder
Positives: Post Rd frontage and very close to new West High School
Cons: Small subdivision with no amenity
29 95 Lots (18,000 sf min.), street level lots, .4 acres plus and 2 lots on cul-de-sac are over 2 acres each, gated but gate not completed, amenity area still raw (not a condition of the zoning), Min. 2,200 SF homes.
Excellent location just north of the Sharon Rd at the Old Atlanta Rd. intersection where a new Publix boutique supermarket is set to open by the end of 2008.
In June 2006 Comstock Homes bought the developed lots for $3,630,000 ($130,000 lot)
28 (Total) 24 Lots left - 65 or 70 Lots, No amenity but nice location just north of McFarland Rd (+/-1 Mile) and south of Hwy 9 (+/-1 Mile), 2,200 sf min. with 2 car garage.