ATLANTA, July 9, 2013 (GLOBE NEWSWIRE) -- FrontDoor Communities has closed on 158 acres in south Forsyth County, with plans to develop its first Georgia project: a community known as Traditions with more than 400 homes.
The transaction marks the largest residential community land acquisition in metro Atlanta in seven years — a sign both of the improving residential market and of FrontDoor's commitment to Traditions.
"After developing and building successful communities in Charleston, Naples and Orlando, we are thrilled to have purchased the land for our first project in our hometown," said Terry Russell, CEO and partner of FrontDoor. "We know the residents in this area, as well as families looking to relocate to Forsyth County, will appreciate the high quality of life and conveniences our communities provide."
Amenities at Traditions will include a pool, tennis courts, 12 parks and a clubhouse overlooking a lake.
Located 1.7 miles from Ga. 400, Traditions will appeal to the many professionals who work along Ga. 400 and in the Perimeter area. Residents will have access to award-winning schools, including West Forsyth High, as well as outdoor recreation sites such as Fowler Park and the Big Creek Greenway walking, running and biking trail. An adjacent parcel will be developed into a 184,000 square-foot neighborhood shopping center anchored by a grocery store.
"Forsyth County is one of the most sought-after and fastest-growing residential submarkets in the area," Russell said. "We couldn't have chosen a more ideal location for our entry into the metro Atlanta market."
About FrontDoor Communities
Launched by veterans of the home building industry with 45+ years' combined experience, FrontDoor Communities is a full-service real estate firm that is grounded in the reality of the marketplace with an eye toward the current economy's consumer needs and wants. FrontDoor executives are a core team of proven leaders with a clear vision of current and future opportunities in the marketplace. FrontDoor is strategically structured to be opportunistic of and responsive to the real estate cycle. We are focused on urban and suburban infill, community development and homebuilding.
Michael Phillips 404.996.0828