Parkland Communities Breaks Ground on 389 Home Project in Stonecrest

Crestwind Township drone shot in Stonecrest, Ga.

Parkland Communities Inc., a privately-owned, multifaceted real estate development and investment firm in Atlanta, announces development is underway on Crestwind Township and Crestview Pointe. Located within the city of Stonecrest in DeKalb County at 7259 Hayden Quarry Road and Turner Hill Road, this community brings 389 much-needed homes to market.

“This long-anticipated development is located in a massive growth corridor fueled by the new Rivian plant and other large-scale economic development projects along I-20,” Parkland Communities President Jim Jacobi said. “The development offers something for everyone with townhomes, single family and resort-style amenities in a thriving area where people want to live.”

Parkland Communities is dedicated to the underrepresented missing middle market. Housing in the ‘missing middle’ plays a significant role in providing affordable residences in various municipalities. This community will help satisfy the huge housing demand in the market where limited opportunities for new housing are available.

site plan for Crestwind Pointe and Crestwind Township

With a Grand Opening planned for summer 2024, Crestwind Township will feature 260 townhomes, and Crestview Pointe will offer 129 single-family homes with two-car garages. The community amenities include abundant green space, nature trails, sidewalk-lined streets, a clubhouse, junior Olympic swimming pool, playfield and playground.

The community is conveniently positioned near Stonecrest Mall and New Black Wall Street. Easy connectivity to I-20 offers an ideal advantage for daily commuters, with a future MARTA Park and Ride poised to be located just across the street, linking directly to New Black Wall Street and The Mall at Stonecrest.

The Mall at Stonecrest is undergoing an extensive transformation, incorporating a food hall, sports and entertainment hub, a cosmetics megastore, trendy boutique stores, and more. Construction is underway on Privi, an adaptive reuse of the former Sears. Privi’s food hall is set to open by spring 2024. It features 13 concepts — Atlanta Breakfast Club, the Original Hot Dog Factory, Dope Coffee, a craft bar, golf simulator suites, a daiquiri bar and a fine dining restaurant.

New Black Wall Street, repurposed from a former Target, is a destination for family fun, entertainment, retail, gourmet grocery shopping and fine dining. The unique setup gives shoppers an outdoor feel while shopping indoors. This development proudly features over 100 businesses owned by minorities and women.

Alpharetta-based Parkland Communities, Inc. is a privately-owned multifaceted real estate development and investment firm specializing in residential properties. With over 20 years of experience in the industry, Parkland Communities Inc. uses the latest market data, technology and established relationships to strategically secure new development opportunities in Atlanta’s most desirable locations. The company’s hands-on philosophy has made it a proven leader in the industry, earning a trusted reputation among elected officials, municipal staff, neighborhood associations, bankers and home builders.

For more information on Parkland Communities, visit www.ParklandCo.com.

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Jacobi Selected as First Guest on Zonda’s Rental Housing Outlook Series

Tim Sullivan, senior managing principal with Zonda and Jim Jacobi, president of Parkland Communities and Parkland Residential

Jim Jacobi, president of Parkland Communities and Parkland Residential, recently sat down with Tim Sullivan, senior managing principal with Zonda, for the first installment of Zonda’s Rental Housing Outlook interview series. Created to interview acclaimed builders, operators and ideators, the interviews cover current trends and what’s happening in the rental housing market.

“It was an honor to sit down with Tim Sullivan to discuss the state of the rental market and take a deep dive into my projects,” Jacobi states. “Tim has his finger on the industry’s pulse, which always makes for a lively and intelligent conversation.”

With over 20 years of experience in the home building and developing industry, Jacobi founded Parkland Residential with the mission of delivering attainable rental homes for the underserved missing middle market. Jacobi understands how land entitlements can create opportunities and uses his data analytics platform with his innovative home plans to obtain a competitive advantage in the market.

In the interview, Jacobi touches on how he differentiates his company from national public builders and the process of developing his first build-to-rent project, Sweetwater Springs. Situated on a 4.6-acre track originally developed as a retail center and gas station, the rental community features private, stacked townhomes. These units feature added privacy because residents don’t live above or below each other. Showcasing up to 1,958 square feet of living space, each townhouse features two or three bedrooms, private living quarters and a one-car garage.

Tune into the full interview with Jim Jacobi on Zonda’s Rental Housing Outlook here: Zonda Portal (metrostudy.com)

Following the success of Sweetwater Springs, Parkland Residential is now building phase two of the community and has many stacked townhome communities planned across metro Atlanta to provide more affordable rental opportunities to the market.

In addition to the townhome communities, Parkland Residential is currently working on Grove Landing, this first single-family rental home community in Warner Robins, Georgia. This build-to-rent community will feature 317 homesites boasting spacious front porches, one-car carports with driveways, resort-style amenities, and large backyards. These ranch-style homes are ideal for millennials and active adults alike.

Grove Landing build to rent community Portico Elevation

Based in Atlanta, Parkland Communities, Inc., the parent company of Parkland Residential, is a privately-owned multifaceted real estate development and investment firm specializing in residential properties. With over 20 years of experience in the industry, Parkland Communities Inc. uses the latest market data, technology and established relationships to strategically secure new development opportunities in Atlanta’s most desirable locations. The company’s hands-on philosophy has made it a proven leader in the industry with a trusted reputation among elected officials, municipal staff, neighborhood associations, bankers and home builders. For more information on Parkland Communities, visit www.ParklandCo.com.

The post Jacobi Selected as First Guest on Zonda’s Rental Housing Outlook Series appeared first on Atlanta Real Estate Forum.

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