Ahead of schedule, North Atlanta Properties (NAP) has secured over $126 million in financing and vertical construction has begun on Avalon, a new mixed-use community in Alpharetta which will blend a unique and upscale mix of shops, entertainment, restaurants, single and multi-family residences, loft and mid-rise offices and hotels. With the grand opening planned for October 2014, phase 1 of Avalon’s retail space is 75 percent leased to a stellar line-up of retailers and restaurants.
101 single family homes will anchor the $660 million mixed use development. Lew Oliver, Monte Hewitt and Atlanta Fine Homes Sotheby’s International Realty are working together to design, build and sell these luxury residences. A wait list of more than 600 potential homeowners has been assembled and the first glimpse of the model homes will be available in early summer of 2014.
Avalon is one of the largest projects of its kind currently underway in the United States. “It is very exciting to be part of a project of this magnitude,” said Anne Schwall, vice president of the SkyRise Group at Atlanta Fine Homes Sotheby’s International Realty. “The green light to move forward on the construction process is a strong sign the economy is truly rebounding.”
Reaching one of the most affluent areas in the country, Avalon is located on 86 sustainably-designed acres at the intersection of Georgia 400 and Old Milton Parkway and combines a high end shopping experience with resort-inspired amenities offering the ultimate walkable community. Avalon offers its residents and guests a place to live, thrive, work and simply be.
Read the Wall Street Journal article here.
To find out more about Avalon home ownership please contact:
Debra Dent
678.521.2286
770.442.7300
debra@atlantafinehomes.com